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    1617 Center St Lebanon, PA 17042

    For Sale
    $409,900

    MULTI_FAMILY - Other - LEBANON, PA

    Property size:
    2,840 SF
    Lot size:
    0.18 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 1617 Center St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Off Street, On Street
    Size
    2,840 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1913
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    CENTURY 21 Core Partners (717) 718-0748 [email protected]

    Listing agent John MacDonald (717) 718-0748 License #RS342306

    Listing date Sep 16, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lebanon Triplex Investment Opportunity

    This multifamily property in Lebanon, PA, presents an investment opportunity with three fully rented units. The property generates over $42,000 per year in income. The building has a size of 2840 square feet and is situated on a 0.18-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.43958282
    Latitude
    40.336483

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    FAQs

    What type of property is this?
    Residential income property - Three fully rented units generating over $42,000 annual income.
    Where is this residential income property located?
    The property is located at 1617 Center St Lebanon, PA.
    What is the asking price?
    The asking price for this property is $409,900.
    What are key features of this property?
    This property features: - High income-generating investment property with $42,000+ annual income.; - Three fully rented units providing immediate cash flow.; - Durable brick construction.
    (717) 718-0748
    Request Owner's contact information
    1617 Center St Lebanon, PA 17042
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    Lebanon, PA 17042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1617 Center St Lebanon, PA 17042
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