Two-Unit Duplex with Full
For Sale
$159,900
Pending
1232 WILLOW ST, Lebanon, PA 17046
Semi-detached rental property includes off-street parking and additional lower-level space.
Property Size1,252 SF
Days on Market54
Property Features for 1232 WILLOW ST
General Information
Standard status
Pending
Size
1,252 SF
Property subtype
Multi-family
Listing Agency:
Peak Asset Realty
(223) 227-2270
Listed By:
Sheldon Zimmerman
(717) 587-2424
Source:
Careyrealtygroup
Added: Aug 15
Changed: Sep 24
Last Checked: Oct 5 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Asset Realty
Investment Insights
Based on property information with market context.
This two-unit duplex is configured as a semi-detached residential property at 1232 Willow Street in Lebanon, Pennsylvania. Built in 1950, the property contains 1,252 square feet and includes a full basement that provides additional storage space or an area for future renovation. The compact 0.06-acre lot is designed for manageable upkeep, while the traditional residential character complements the existing duplex configuration.
Off-street parking accommodates two vehicles, with additional on-street parking available. The property is located in Lebanon, PA 17046, providing a residential setting for the two-unit layout. Its basement, parking, lot size, and established construction are the primary physical features supporting continued residential use and future improvement planning.
Off-street parking accommodates two vehicles, with additional on-street parking available. The property is located in Lebanon, PA 17046, providing a residential setting for the two-unit layout. Its basement, parking, lot size, and established construction are the primary physical features supporting continued residential use and future improvement planning.
Key Highlights
- Two‑unit semi‑detached duplex
- Full basement for storage or future renovation
- 1,252 square feet on a 0.06‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,187
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,740
$223.7K
Cap Rate 7%
$159,814
$159.8K
Cap Rate 9%
$124,300
$124.3K
Market Conditions
NOI Build-Up for 1,252 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$1.3K −$1.04/SF
EGI
$16.0K $12.77/SF
− OpEx
−$4.8K −$3.83/SF
NOI
$11.2K $8.94/SF
Area
Lebanon County, PA
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,740
Cap Rate 7%
$159,814
Cap Rate 9%
$124,300
Alternative Uses
Best Use
Multifamily LT 5
$159.8K
$139.8K – $186.5K
NOI $11,187 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$148.5K
$130.0K – $173.3K
NOI $10,397 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$293.9K
$257.1K – $342.9K
NOI $20,571 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 17046, PA
31,272
Population
13,570
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
38.9 sq mi
ZIP Area
804
Density / Sq Mi
$59,633
Median Household Income
$37,261
Median Earnings
$1,036
Median Rent
$180,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached rental property includes off-street parking and additional lower-level space.
Where is this duplex located?
The property is located at 1232 WILLOW ST Lebanon, PA.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit semi‑detached duplex; Full basement for storage or future renovation; 1,252 square feet on a 0.06‑acre lot
