Tenant-Occupied
632 W MAIN Street Palmyra, PA 17078
New
For Sale
$319,900
MULTI_FAMILY - Other - PALMYRA, PA
Property Size2,588 SF
Lot Size0.23 Acres
Price / SF$123.61
Days on Market2
Property Features for 632 W MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Standard status
Active
Size
2,588 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4094
Utilities
Heating system
Other (Heating)
Building Details
Year built
1951
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Keller Williams of Central PA
(717) 761-4300
Listed By:
KARA MANNING · License #RS364912
(717) 434-8825
Added: Jul 29
Last Checked: Jul 30 at 6:06AM
MLS# PALN2027608
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This duplex is fully rented with both units currently tenant occupied. The property includes two separate residential units, and each unit features 3 bedrooms and 1 bathroom.
The site is located at 632 W Main Street in Palmyra, in Lebanon County, Pennsylvania. The provided information notes convenient proximity to local shopping, dining, schools, and major commuter routes.
With its two-unit layout and existing occupancy, the property is presented as an income-producing residential investment for sale.
The site is located at 632 W Main Street in Palmyra, in Lebanon County, Pennsylvania. The provided information notes convenient proximity to local shopping, dining, schools, and major commuter routes.
With its two-unit layout and existing occupancy, the property is presented as an income-producing residential investment for sale.
Key Highlights
- Fully rented duplex with both units tenant occupied
- Each unit features 3 bedrooms and 1 bathroom
- Year built 1951
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $13.80 |
| − Vacancy | −$2.7k | −$1.04 |
| EGI | $33.0k | $12.77 |
| − OpEx | −$9.9k | −$3.83 |
| NOI | $23.1k | $8.94 |
2,588 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.4K
NOI $23,125 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$307.0K
$268.6K – $358.2K
NOI $21,491 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$607.5K
$531.5K – $708.7K
NOI $42,522 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex in Palmyra with two tenant-occupied units, each offering 3 bedrooms and 1 bathroom.
Where is this duplex located?
The property is located at 632 W MAIN Street Palmyra, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Fully rented duplex with both units tenant occupied; Each unit features 3 bedrooms and 1 bathroom; Year built 1951
