Detached
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222 S EIGHTH ST, Lebanon, PA 17042
Residential income property with four units, six bedrooms, and four full baths.
Property Size3,467 SF
Lot Size0.08 Acres
Price / SF$113.93
Days on Market7
Property Features for 222 S EIGHTH ST
General Information
Standard status
Active
Size
3,467 SF
Lot size
0.08 Acres
Property subtype
Multifamily
Zoning
Residential
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$40,000
Building Details
Year Built
1925
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Prime Home Real Estate LLC
Listed By:
Jeffrey Zimmerman · License #AB069598
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 7:43AM
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 Prime Home Real Estate LLC
Investment Insights
Based on property information with market context.
This detached quadplex in Lebanon, Pennsylvania, contains approximately 3,467 SF within a four-unit residential configuration. The property includes six bedrooms, four full bathrooms, and one half bathroom, providing a substantial unit and bedroom count within a single building. Constructed in 1925, the asset occupies a 0.08-acre lot and carries Residential zoning.
Positioned on South Eighth Street, the property is located in the City of Lebanon with access to downtown amenities, employers, shopping, dining, and transportation routes. Its established four-family designation and detached layout provide a clearly defined multifamily format for buyers seeking a residential income property in a central Pennsylvania city.
Positioned on South Eighth Street, the property is located in the City of Lebanon with access to downtown amenities, employers, shopping, dining, and transportation routes. Its established four-family designation and detached layout provide a clearly defined multifamily format for buyers seeking a residential income property in a central Pennsylvania city.
Key Highlights
- Four‑unit detached quadplex with 6 bedrooms
- Approximately 3,467 SF on a 0.08‑acre lot
- Six bedrooms, 4 full baths, and 1 half bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.8k | $13.80 |
| − Vacancy | −$3.6k | −$1.04 |
| EGI | $44.3k | $12.77 |
| − OpEx | −$13.3k | −$3.83 |
| NOI | $31.0k | $8.94 |
3,467 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.6K
$387.2K – $516.3K
NOI $30,979 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.8K
NOI $28,790 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$813.8K
$712.1K – $949.4K
NOI $56,964 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,654
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with four units, six bedrooms, and four full baths.
Where is this quadplex located?
The property is located at 222 S EIGHTH ST Lebanon, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit detached quadplex with 6 bedrooms; Approximately 3,467 SF on a 0.08‑acre lot; Six bedrooms, 4 full baths, and 1 half bath
