Two-Unit Duplex with
For Sale
$359,900
152 W MAIN AVENUE, Myerstown, PA 17067
The property includes a full basement, separate storage areas, and a parking lot with capacity for more than 30 vehicles.
Property Size3,014 SF
Price / SF$119.41
Days on Market8
Property Features for 152 W MAIN AVENUE
General Information
Standard status
Active
Size
3,014 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$37,200
Utilities to Site
Yes
Amenities
storage units
basement
Building Details
Year Built
1865
Buildings
1
Stories
2
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Mario A Di Nenna · License #RS336165
(610) 396-7048
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 23 at 7:58AM
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 Springer Realty Group
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Investment Insights
Based on property information with market context.
This two-story duplex contains 3,014 square feet and dates to 1865. The first-floor residence has 2 bedrooms and 1 bathroom; the second-floor unit offers 4 bedrooms and 1 bathroom. Both units are currently rented. A full basement provides additional space, while separate rear and side storage areas add to the property's utility. The listing also identifies two vacant rear storage units.
A parking lot with over 30 spaces serves the property. Three separate meters are noted for electric and water service, and separate electrical panels are visible for the first floor, second floor, and owner’s area. The property is at 152 W Main Avenue in Myerstown, Pennsylvania.
A parking lot with over 30 spaces serves the property. Three separate meters are noted for electric and water service, and separate electrical panels are visible for the first floor, second floor, and owner’s area. The property is at 152 W Main Avenue in Myerstown, Pennsylvania.
Key Highlights
- Two‑story duplex with 3,014 square feet; built in 1865
- Two residential units: one with 2 bedrooms and 1 bathroom, the other with 4 bedrooms and 1 bathroom
- Full basement, plus separate rear and side storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,932
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,640
$538.6K
Cap Rate 7%
$384,743
$384.7K
Cap Rate 9%
$299,244
$299.2K
Market Conditions
NOI Build-Up for 3,014 SF
Gross rent
$41.6K $13.80/SF
− Vacancy
−$3.1K −$1.04/SF
EGI
$38.5K $12.77/SF
− OpEx
−$11.5K −$3.83/SF
NOI
$26.9K $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%
$538,640
Cap Rate 7%
$384,743
Cap Rate 9%
$299,244
Alternative Uses
Best Use
Multifamily LT 5
$384.7K
$336.7K – $448.9K
NOI $26,932 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,029 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$707.4K
$619.0K – $825.4K
NOI $49,521 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 17067, PA
15,677
Population
6,155
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
83%
High-School Grad
47.1 sq mi
ZIP Area
333
Density / Sq Mi
$78,125
Median Household Income
$47,624
Median Earnings
$1,183
Median Rent
$229,500
Median Home Value
Check the figures for this property
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?
Duplex - The property includes a full basement, separate storage areas, and a parking lot with capacity for more than 30 vehicles.
Where is this duplex located?
The property is located at 152 W MAIN AVENUE Myerstown, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑story duplex with 3,014 square feet; built in 1865; Two residential units: one with 2 bedrooms and 1 bathroom, the other with 4 bedrooms and 1 bathroom; Full basement, plus separate rear and side storage areas
