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    21 E MAPLE Street Cleona, PA 17042

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    For Sale
    $335,000

    MULTI_FAMILY - Other - CLEONA, PA

    Property size:
    1,844 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $181/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 5:06 pm

    Property Features for 21 E MAPLE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Off Street
    Interior features
    Attic/House Fan
    Appliances
    Dryer, Washer
    Standard status
    Active
    Size
    1,844 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3286

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air
    Cooling system
    Ductless

    Building Details

    Year built
    1906
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephanie A Vega

    Listing agent Stephanie A Vega License #RS289846

    Listing office RE/MAX Cornerstone 931 Russell Drive unit: A, Lebanon, PA

    Listing date May 7, 2026

    MLS# PALN2026080 Listing URL

    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.

    HighLights

    • Turnkey, renovated 2‑unit property with extensive updates completed in 2024‑2025, ideal for investors or owner‑occupants.
    • Each unit features modern kitchens with quartz countertops, custom solid maple cabinetry, farmhouse sinks, and brand‑new appliances.
    • New roof (2025), updated plumbing and electrical, new heating systems and oil tank, restored basement walls, and modern windows.
    • First‑floor unit includes basement access with laundry, mini split systems, and in‑floor heat in the bathroom.
    • Second‑floor unit offers a sunroom, in‑unit laundry, attic access, and multiple heating sources.
    • Off‑street parking and professional landscaping.

    Overview

    Renovated Duplex in Cleona

    This renovated two-unit property is located in Cleona and is suitable for investors or owner-occupants. Each unit features 2 bedrooms and 1 full bath. Updates were completed in 2024-2025. Both units include modern kitchens with quartz countertops, custom solid maple cabinetry with soft-close doors and drawers, farmhouse sinks, and new appliances. Additional upgrades feature new flooring, updated bathrooms with marble finishes, fresh drywall, and neutral paint throughout. The first-floor unit includes basement access with laundry and mini split systems for efficient heating and cooling, along with in-floor heat in the bathroom. The second-floor unit offers a sunroom, in-unit laundry, attic access, and multiple heating sources. Major improvements include a new roof (2025), updated plumbing and electrical, new heating systems and oil tank, restored basement walls, modern windows, and off-street parking. Exterior updates include professional landscaping and a new deck for the second-floor unit. The property is located in Annville-Cleona School District and has public utilities. The building has 1844 square feet of space and sits on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleona
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.411312
    Latitude
    40.350123

    FAQs

    What type of property is this?
    Duplex - Turnkey, updated two-unit property perfect for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 21 E MAPLE Street Cleona, PA.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Turnkey, renovated 2‑unit property with extensive updates completed in 2024‑2025, ideal for investors or owner‑occupants.; Each unit features **modern kitchens with quartz countertops, custom solid maple cabinetry, farmhouse sinks, and brand‑new appliances.**; New roof (2025), updated plumbing and electrical, new heating systems and oil tank, restored basement walls, and modern windows.
    (717) 821-9679
    We can help!
    Listing Contact
    Stephanie A Vega
    Real Estate License ID: RS289846
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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