Four-Unit Brick
For Sale
$399,900
14-16 N 7TH Street, Lebanon, PA 17046
Multi-Family, LEBANON, PA
Property Size2,999 SF
Price / SF$133.34
Days on Market244
Property Features for 14-16 N 7TH Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
High school
LEBANON
Elementary school district
LEBANON
Middle school district
LEBANON
High school district
LEBANON
Standard status
Active
Size
2,999 SF
Taxes and HOA fees
Tax Annual Amount
2083
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Number of units
4
Building materials
Aluminum Siding, Brick
Listing Agency:
Bold Realty
Listed By:
Trent L Stauffer · License #RM422216
(610) 373-8701
Added: Feb 21
Changed: Oct 8
Last Checked: Oct 23 at 4:06PM
MLS# PALN2024756
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,999 square feet and was built in 1900. The building features brick and aluminum siding, hot-water heating, basement space, and on-street parking. All four units are currently rented.
Located at 14-16 N 7th Street in Lebanon, Pennsylvania, the property provides an established multifamily configuration within the 17046 ZIP code. The owner currently pays for water, sewer, trash, and heat, while monthly rents range from $775 to $950.
Located at 14-16 N 7th Street in Lebanon, Pennsylvania, the property provides an established multifamily configuration within the 17046 ZIP code. The owner currently pays for water, sewer, trash, and heat, while monthly rents range from $775 to $950.
Key Highlights
- Four‑unit building with 2,999 square feet
- Fully rented residential income property
- Built in 1900 with brick and aluminum siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,798
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,960
$536.0K
Cap Rate 7%
$382,829
$382.8K
Cap Rate 9%
$297,756
$297.8K
Market Conditions
NOI Build-Up for 2,999 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$3.1K −$1.04/SF
EGI
$38.3K $12.77/SF
− OpEx
−$11.5K −$3.83/SF
NOI
$26.8K $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%
$535,960
Cap Rate 7%
$382,829
Cap Rate 9%
$297,756
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,798 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$703.9K
$615.9K – $821.3K
NOI $49,275 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,791
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with hot-water heating and on-street parking in Lebanon.
Where is this quadplex located?
The property is located at 14-16 N 7TH Street Lebanon, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit building with 2,999 square feet; Fully rented residential income property; Built in 1900 with brick and aluminum siding
