Mixed-Use Property with
For Sale
$199,000
Pending
827 CHESTNUT ST, Lebanon, PA 17042
Two-story building combines a vacant commercial space with an occupied residential unit.
Property Size1,568 SF
Days on Market50
Property Features for 827 CHESTNUT ST
General Information
Standard status
Pending
Size
1,568 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Average Monthly Rent
$1,000
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(717) 657-4700
Listed By:
Carson Michael Perlaki · License #RS371923
(717) 673-5570
Source:
Imanirealtors
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 5 at 6:49PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use building includes a vacant commercial area on the ground level and a two-bedroom, one-bath apartment above. The residential unit is currently leased, while the lower space is available for a business or future commercial occupant.
The property is located at 827 Chestnut St in Lebanon, PA, between the Lebanon Farmers Market and the Post Office. Its placement provides direct proximity to established downtown services and civic activity. The combination of commercial and residential components creates a single-property layout for an owner-user, landlord, or operator seeking both workspace and housing.
The property is located at 827 Chestnut St in Lebanon, PA, between the Lebanon Farmers Market and the Post Office. Its placement provides direct proximity to established downtown services and civic activity. The combination of commercial and residential components creates a single-property layout for an owner-user, landlord, or operator seeking both workspace and housing.
Key Highlights
- Two‑story mixed‑use building with commercial and residential components
- Vacant first‑floor commercial space
- Second‑floor apartment with 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,876
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,520
$317.5K
Cap Rate 7%
$226,800
$226.8K
Cap Rate 9%
$176,400
$176.4K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$28.2K $18.00/SF
− Vacancy
−$2.8K −$1.80/SF
EGI
$25.4K $16.20/SF
− OpEx
−$9.5K −$6.07/SF
NOI
$15.9K $10.13/SF
Area
Lebanon County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,520
Cap Rate 7%
$226,800
Cap Rate 9%
$176,400
Alternative Uses
Best Use
Mixed Use
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 7.98%
Second Best
Retail
$210.5K
$184.2K – $245.6K
NOI $14,735 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$368.0K
$322.0K – $429.4K
NOI $25,763 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building combines a vacant commercial space with an occupied residential unit.
Where is this mixed-use property located?
The property is located at 827 CHESTNUT ST Lebanon, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with commercial and residential components; Vacant first‑floor commercial space; Second‑floor apartment with 2 bedrooms and 1 bath
