Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    719 Hill St Lebanon, PA 17046

    View on Map
    Sponsored
    For Sale
    $499,900

    MULTI_FAMILY - Other - LEBANON, PA

    Property size:
    4,803 SF
    Lot size:
    0.36 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 10:06 pm

    Property Features for 719 Hill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Family Room
    Parking
    9
    Parking features
    Garage - Detached, Driveway
    Interior features
    Carpet, Ceiling Fan(s), Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In, Primary Bath(s), Window Treatments
    Fireplace
    1
    Appliances
    Built-In Range, Dishwasher, Disposal, Refrigerator
    Size
    4,803 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Aluminum Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Freund Cooley

    Realty ONE Group Unlimited

    Listing agent Lisa Freund Cooley License #RS217693L

    Listing date Mar 27, 2026

    MLS# PALN2025316

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Multifamily Home with Garage

    This property features a renovated single-family home, a two-unit house, and a four-car garage situated on a 0.36-acre lot. The single-family home includes a large family room with a fireplace, a new eat-in kitchen, and a first-floor bedroom. Appliances are included. The property also features a fenced yard and patio. The semi-detached unit has new carpeting and a large deck. The four-car garage presents an opportunity for additional income. Located in Lebanon, PA, this property is suitable for both owner-occupants and investors, offering income potential and a convenient location. The total property size is 4803 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.42413
    Latitude
    40.35156

    Nearby Similar for Sale

    • $399,900
      4,510 SF

      Income-Producing Duplex with Garage

      Fully rented duplex with garage near downtown Lebanon.
      513 Chestnut St, Lebanon, PA 17042
      View Details
    • $425,000

      Updated Office Building in Lebanon

      Modern, one-story office building in downtown Lebanon, PA.
      44 N 8Th St, Lebanon, PA 17046
      View Details
    • $1,100,000
      1.97 Acres

      Lebanon Commercial Property with Storage

      Office and storage property with income potential in Lebanon, PA.
      200 Schneider Dr, Lebanon, PA 17046
      View Details
    • $419,900
      2,999 SF

      Lebanon Four-Unit Income Property

      Fully rented four-unit income property in Lebanon, Pennsylvania.
      14-16 N 7Th St, Lebanon, PA 17046
      View Details
    • New
      $250,000
      2,256 SF

      Lebanon Duplex with Garage Income

      Income-generating duplex with detached garage in Lebanon, Pennsylvania.
      528 Maple St, Lebanon, PA 17046
      View Details
    • New
      $169,990
      1,328 SF

      Lebanon Two-Unit Apartment Building

      Two-unit apartment building in Lebanon, Pennsylvania, with investment potential.
      1127 Walnut St, Lebanon, PA 17042
      View Details
    • New
      $239,000
      1,496 SF

      Remodeled Duplex on Corner Lot

      Remodeled duplex with detached garage and fenced yard.
      454 E Weidman St, Lebanon, PA 17046
      View Details
    • $449,000

      Mixed-Use Property on Cumberland Street

      3,006 SF mixed-use property with commercial and residential units.
      429 E Cumberland St, Lebanon, PA 17042
      View Details
    • $950,000

      Charming Event Venue on Acres

      Coveted wedding and event venue on over four acres.
      2395 Quentin Rd, Lebanon, PA 17042
      View Details
    • $1,850,000
      4,030 SF

      Established Car Wash on Quentin

      Drive-through car wash with commercial building and redevelopment potential.
      702 Quentin Rd, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Freestanding Commercial/Office Building For Sale

      Commercial/office building in the heart of Lebanon City.
      701 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing
      1,904 SF

      One-Level Home in Alden Place

      Comfortable one-level home in a vibrant 55+ community.
      1012 English Dr, Lebanon, PA 17042
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Renovated home, two-unit house, and four-car garage.
    Where is this multifamily property located?
    The property is located at 719 Hill St Lebanon, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Renovated single-family home with a two-unit house and a four-car garage on one large property, offering multiple income streams or owner-occupancy options.; - Move-in ready condition for all units, suitable for immediate occupancy by owners or tenants.; - Four-car detached garage provides potential for extra income or ample parking.
    (717) 569-1700
    Request Owner's contact information
    719 Hill St Lebanon, PA 17046
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    719 Hill St
    Lebanon, PA 17046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    719 Hill St Lebanon, PA 17046
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Freund Cooley
    Real Estate License ID: RS217693L
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!