Building Details

Year Built 1920

Construction brick

Listing Agency: Suburban Realty s***@comcast.net Show Phone

Listed By: John J Miller · License #Rs299305 Show Phone

Source: Cummingsrealtors

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 8:35AM

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Investment Insights

Based on property information with market context.

This 3,640-square-foot brick multifamily property was built in 1920 and occupies a 0.38-acre lot. The building includes 7 bedrooms and 5 1/2 baths, with hardwood and partially carpeted flooring. It was used as a rooming house for 11 years and is described as being in good condition.

Safety features include an electric alarm, fire detection system, comprehensive security system, and an indoor sprinkler system. Parking is available through both on-street spaces and a parking lot. The property is located near a hospital, adding a nearby institutional reference point to the setting.

Key Highlights

• 3,640‑square‑foot brick multifamily property built in 1920
• 7 bedrooms and 5 1/2 baths
• Situated on a 0.38‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,227

Cap Rate

6.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,540 $604.5K

Cap Rate 7%

$431,814 $431.8K

Cap Rate 9%

$335,856 $335.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,640 SF

Gross rent

$59.0K $16.20/SF

− Vacancy

−$4.0K −$1.10/SF

EGI

$55.0K $15.10/SF

− OpEx

−$24.7K −$6.79/SF

NOI

$30.2K $8.30/SF

Area

Lebanon County, PA

Vacancy

6.80%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,540

Cap Rate 7%

$431,814

Cap Rate 9%

$335,856

Alternative Uses

Best Use

Apartment 5plus

$431.8K

$377.8K – $503.8K (±1% cap)

NOI $30,227 @ 7.0% cap · market cap 6.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$854.4K

$747.6K – $996.8K (±1% cap)

NOI $59,807 @ 7.0% cap · market cap 13.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Travel Agency Acupuncture Home Appliance Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,424

Businesses Nearby

Explore this area Business Placement

Demographics for 17042, PA

40,618

Population

17,067

Households

2.4

Avg Household Size

43

Median Age

28%

College-Educated

88%

High-School Grad

67.7 sq mi

ZIP Area

600

Density / Sq Mi

$76,399

Median Household Income

$45,429

Median Earnings

$1,096

Median Rent

$222,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Well-maintained building with security systems, fire detection, sprinklers, and parking options.

Where is this multifamily property located?

The property is located at 201 HATHAWAY PARK Lebanon, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 3,640‑square‑foot brick multifamily property built in 1920; 7 bedrooms and 5 1/2 baths; Situated on a 0.38‑acre lot