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

    135 S 11TH Street Lebanon, PA 17042

    View on Map
    Claim this Listing
    For Sale
    $229,000

    MULTI_FAMILY - Other - LEBANON, PA

    Property size:
    1,217 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $188/SF
    Added:
    Apr 3, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 135 S 11TH Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    1,217 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2100

    Utilities

    Heating system
    Hot Water(Heating), Other (Heating)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Nolt
    Christine Nolt

    Listing agent Christine Nolt License #RS332150

    Listing office Kingsway Realty - Lancaster 1770 Oregon Pike, Lancaster, PA

    Listing date Apr 3, 2026

    MLS# PALN2025376 Listing URL

    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.

    Overview

    Lebanon Duplex with Income Potential

    This fully rented duplex in Lebanon presents an opportunity for immediate income and strong upside potential. The property features two occupied units, providing consistent rental income. Current rents are below market value, suggesting potential for increased cash flow through future rent adjustments. This property offers both stability and growth potential for investors looking to expand their portfolio or enter real estate investing. The property is conveniently located near local amenities. The building has a size of 1217 square feet and is situated on a lot of approximately 0.03 acres.
    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 Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.4288025
    Latitude
    40.3366165

    Nearby Similar for Sale

    • $429,900
      2,700 SF

      Well-Maintained Four-Unit Investment Property

      Four-unit property with strong income potential in Lebanon, PA.
      525 N 8TH Street, LEBANON, PA 17046
      View Details
    • $1,100,000

      Lebanon Commercial Property with Storage

      Office and storage property with income potential in Lebanon, PA.
      200 SCHNEIDER Drive, 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 Street, LEBANON, PA 17046
      View Details
    • $240,000
      2,256 SF

      Lebanon Duplex with Garage Income

      Income-generating duplex with detached garage in Lebanon, Pennsylvania.
      528 MAPLE Street, LEBANON, PA 17046
      View Details
    • $490,000
      6,470 SF

      Two-Story Brick Building For Sale

      Two-story brick building with redevelopment underway and customization options.
      170 N 9th St, Lebanon, PA
      View Details
    • $449,000
      3,006 SF

      Mixed-Use Property on Cumberland Street

      3,006 SF mixed-use property with commercial and residential units.
      429 E CUMBERLAND STREET, LEBANON, PA 17042
      View Details
    • $950,000
      1,520 SF

      Charming Event Venue on Acres

      Coveted wedding and event venue on over four acres.
      2395 Quentin Rd, Lebanon, PA 17042
      View Details
    • $1,795,000
      19,547 SF

      Lebanon Commercial Property for Sale

      Commercial property available at the corner of 7th Street.
      701 Cumberland St, 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
    • $279,900
      3,694 SF

      Spacious Duplex Near Downtown Lebanon

      Two-unit building with recent updates, ideal for owner-occupants or investors.
      1328 Lehman Street, Lebanon, PA 17046
      View Details
    • $315,000
      1,904 SF

      One-Level Home in Alden Place

      Comfortable one-level home in a vibrant 55+ community.
      1012 ENGLISH DRIVE, LEBANON, PA 17042
      View Details
    • $1,950,000

      Freestanding Commercial/Office Building For Sale

      Commercial/office building in the heart of Lebanon City.
      701 CUMBERLAND STREET, LEBANON, PA 17042
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully rented duplex in Lebanon with immediate income and upside.
    Where is this duplex located?
    The property is located at 135 S 11TH Street Lebanon, PA.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: Fully rented duplex provides immediate rental income.; Strong upside potential with below‑market rents.; Opportunity to increase cash flow through rent adjustments.
    (717) 517-0407
    We can help!
    Listing Contact
    Christine Nolt
    Christine Nolt
    Real Estate License ID: RS332150
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!