Fully Rented Duplex
135 South 11th Street Lebanon, PA 17042
135 South 11th Street, Lebanon, PA, 17042
$229,000
For Sale
$229,000
Duplex with two occupied units providing rental income and room for future rent growth.
Property Size1,217 SF
Price / SF$188.17
Days on Market112
Property Features for 135 South 11th Street
General Information
- Standard status
- Active
- Size
- 1,217 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Kingsway Realty
(717) 517-0407
Listed by
Christine Nolt · License #RS332150
(717) 517-0407
Source
Compass
Added: Apr 2 Updated: Jul 22 at 7:47AM Checked: Jul 22 at 7:47AM
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 Kingsway Realty
Investment Insights
Based on property information with market context.
This fully rented duplex opportunity features two occupied units, generating rental income immediately. The current rents are described as below market value, creating an opportunity to increase cash flow through future rent adjustments.
The property is located at 135 South 11th Street in Lebanon, Pennsylvania, within the Lebanon City area (MLS Area: Lebanon City 13201). The listing references the Lebanon School District.
As a duplex, the asset provides a straightforward two-unit residential income setup while remaining fully tenant-occupied at the time of sale. The offering is presented as a solid option for investors looking for stability from day one, with the potential to improve returns through rent management over time.
The property is located at 135 South 11th Street in Lebanon, Pennsylvania, within the Lebanon City area (MLS Area: Lebanon City 13201). The listing references the Lebanon School District.
As a duplex, the asset provides a straightforward two-unit residential income setup while remaining fully tenant-occupied at the time of sale. The offering is presented as a solid option for investors looking for stability from day one, with the potential to improve returns through rent management over time.
Key Highlights
- Duplex with two occupied units—current rental income
- Year built: 1900
- No pool
Local 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 4.75%
Second Best
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,106 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two occupied units providing rental income and room for future rent growth.
Where is this duplex located?
The property is located at 135 South 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: Duplex with two occupied units—current rental income; Year built: 1900; No pool
