Duplex with Storage and
New
For Sale
$359,900
152 W MAIN Avenue, Myerstown, PA 17067
Multi-Family, MYERSTOWN, PA
Property Size3,014 SF
Lot Size0.23 Acres
Price / SF$119.41
Days on Market3
Property Features for 152 W MAIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
10
Parking features
Off Street, Parking Lot
Interior features
Floor Plan - Traditional, Kitchen - Eat-In
Appliances
Dishwasher, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, WaterHeater
Elementary school district
EASTERN LEBANON COUNTY
Middle school district
EASTERN LEBANON COUNTY
High school district
EASTERN LEBANON COUNTY
Standard status
Active
Size
3,014 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
3415
Utilities
Heating system
Forced Air
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1865
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Mario A Di Nenna · License #RS336165
(610) 396-7048
Added: Oct 16
Last Checked: Oct 18 at 9:06AM
MLS# PALN2029178
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.
Built in 1865, this 3,014-square-foot duplex contains two residential units: a first-floor, 2-bedroom/1-bathroom apartment and a second-floor, 4-bedroom/1-bathroom apartment. Both units are currently rented. The property also includes storage areas, a full basement, and three separate meters for electric and water service.
Set on a 0.23-acre lot, the property has an off-street parking lot with more than 30 spaces. Its two-unit configuration, storage space, and on-site parking are the principal physical features.
Set on a 0.23-acre lot, the property has an off-street parking lot with more than 30 spaces. Its two-unit configuration, storage space, and on-site parking are the principal physical features.
Key Highlights
- Two residential units: one with 2 bedrooms and 1 bathroom, and one with 4 bedrooms and 1 bathroom
- 3,014 square feet on a 0.23‑acre lot
- Parking lot with over 30 spaces
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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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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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?
Duplex - Two residential units are complemented by separate storage areas and a substantial off-street parking lot.
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 residential units: one with 2 bedrooms and 1 bathroom, and one with 4 bedrooms and 1 bathroom; 3,014 square feet on a 0.23‑acre lot; Parking lot with over 30 spaces
