Renovated Two-Unit
New
For Sale
$369,900
140 SCHOOLHOUSE ROAD, Palmyra, PA 17078
Separate entrances, private porches, and dedicated parking serve both residences.
Property Size1,932 SF
Price / SF$191.46
Days on Market5
Property Features for 140 SCHOOLHOUSE ROAD
General Information
Standard status
Active
Size
1,932 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
private porch
dedicated parking spaces
garage
workshop
fenced-in yard
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Realty
(717) 534-2442
Listed By:
MOLLY SNYDER
(717) 503-9625
Source:
Cummingsrealtors
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 7:00PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This renovated duplex contains two self-contained residences within 1,932 square feet. The main-floor unit has three bedrooms, while the upper-level unit has two. Each residence includes an updated kitchen and bathroom, a private porch, its own entrance, dedicated parking, and a separate attic. A shared basement provides additional space. Improvements include new LVP flooring and carpet, refinished hardwood, fresh paint, and electrical and lighting updates.
The property occupies a lot of more than one acre with partially fenced yard areas. A garage and a separate workshop add utility to the exterior. Located at 140 Schoolhouse Road in Palmyra, the property is close to local amenities, schools, and major routes.
The property occupies a lot of more than one acre with partially fenced yard areas. A garage and a separate workshop add utility to the exterior. Located at 140 Schoolhouse Road in Palmyra, the property is close to local amenities, schools, and major routes.
Key Highlights
- Two residences: three bedrooms on the main level and two upstairs
- 1,932 square feet of building area
- More than one acre of land, with sections of fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,263
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,260
$345.3K
Cap Rate 7%
$246,614
$246.6K
Cap Rate 9%
$191,811
$191.8K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$26.7K $13.80/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$24.7K $12.77/SF
− OpEx
−$7.4K −$3.83/SF
NOI
$17.3K $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%
$345,260
Cap Rate 7%
$246,614
Cap Rate 9%
$191,811
Alternative Uses
Best Use
Multifamily LT 5
$246.6K
$215.8K – $287.7K
NOI $17,263 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,044 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$453.5K
$396.8K – $529.1K
NOI $31,744 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 17078, PA
23,496
Population
9,602
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
30.1 sq mi
ZIP Area
781
Density / Sq Mi
$84,533
Median Household Income
$47,141
Median Earnings
$1,252
Median Rent
$278,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, private porches, and dedicated parking serve both residences.
Where is this duplex located?
The property is located at 140 SCHOOLHOUSE ROAD Palmyra, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two residences: three bedrooms on the main level and two upstairs; 1,932 square feet of building area; More than one acre of land, with sections of fenced yard
