Rented Duplex Income
135 S 11TH Street Lebanon, PA 17042
For Sale
$224,000
MULTI_FAMILY - Other - LEBANON, PA
Property Size1,217 SF
Lot Size0.03 Acres
Price / SF$184.06
Days on Market117
Property Features for 135 S 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Other (Heating), Hot Water(Heating)
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Kingsway Realty - Lancaster
(717) 569-8701
Listed By:
Christine Nolt · License #RS332150
(717) 517-0407
Added: Apr 3
Changed: Jul 27
Last Checked: Jul 28 at 3:06AM
MLS# PALN2025376
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 income property is offered fully rented, with two occupied units on-site. The property is configured as a duplex, providing two separate rental units under one ownership.
Located in Lebanon, Pennsylvania (17042), the address is 135 S 11TH Street. The listing notes that the units are currently occupied and generating rental income.
With a total property size of 1,217 square feet and a lot size of 0.03 acres, the duplex is positioned for investors seeking an income-producing residential property with room for future rent adjustments.
Located in Lebanon, Pennsylvania (17042), the address is 135 S 11TH Street. The listing notes that the units are currently occupied and generating rental income.
With a total property size of 1,217 square feet and a lot size of 0.03 acres, the duplex is positioned for investors seeking an income-producing residential property with room for future rent adjustments.
Key Highlights
- Fully rented duplex provides immediate rental income.
- Strong upside potential with below‑market rents.
- Opportunity to increase cash flow through rent adjustments.
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 | $16.8k | $13.80 |
| − Vacancy | −$1.3k | −$1.04 |
| EGI | $15.5k | $12.77 |
| − OpEx | −$4.7k | −$3.83 |
| NOI | $10.9k | $8.94 |
1,217 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$135.9K – $181.3K
NOI $10,875 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,106 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 8.93%
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 Lebanon, Pennsylvania with two occupied units generating income.
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 $224,000.
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.
