Raised Ranch Duplex with 3-Car
285 Mountville Drive Lebanon, PA 17046
285 Mountville Drive, Lebanon, PA, 17046
$225,000
Pending
For Sale
$225,000
Pending
Duplex home on 2.42 acres with a 3-car garage and barn, currently needing renovation or conversion to a single family.
Property Size1,056 SF
Lot Size2.42 Acres
Days on Market58
Property Features for 285 Mountville Drive
General Information
- Standard status
- Pending
- Size
- 1,056 SF
- Lot size
- 2.42 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1932
Listing agency
Kingsway Realty - Ephrata
(717) 376-4029
Listed by
Keith Snyder · License #RS303415
(717) 376-4029
Source
Compass
Added: May 26 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:15AM
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 Kingsway Realty - Ephrata
Investment Insights
Based on property information with market context.
This Lebanon/Jonestown area raised ranch duplex is currently configured as a two-unit home, with each side offering a kitchen, living room, one bedroom, and one bath. The total building size is 1,056 SF. A street-level 3-car garage plus a 24x50 barn provide additional utility and storage. The property is in need of renovation. The layout can remain as a 2-unit setup or be converted to a single family dwelling.
Set on 2.42 acres that are mostly wooded, level, and gently sloped, the site offers a country setting. The home falls within the Northern Lebanon School District.
A strong fit for an investor or owner-occupant looking for renovation work with flexibility on how to use the space. Buyers should review the current duplex configuration, planned improvements, and whether they intend to keep the property as two units or convert it to one residence. The property will be sold at public auction on Saturday, June 27, 2026 at 12 PM, with open houses Saturdays June 6 and 13 from 1–3 PM. A 10% non-refundable deposit is required, settlement is within 45 days, and the buyer pays the 2% real estate transfer tax.
Set on 2.42 acres that are mostly wooded, level, and gently sloped, the site offers a country setting. The home falls within the Northern Lebanon School District.
A strong fit for an investor or owner-occupant looking for renovation work with flexibility on how to use the space. Buyers should review the current duplex configuration, planned improvements, and whether they intend to keep the property as two units or convert it to one residence. The property will be sold at public auction on Saturday, June 27, 2026 at 12 PM, with open houses Saturdays June 6 and 13 from 1–3 PM. A 10% non-refundable deposit is required, settlement is within 45 days, and the buyer pays the 2% real estate transfer tax.
Key Highlights
- Lebanon/Jonestown area raised rancher built in 1932 on 2.42 acres (mostly wooded, level & gentle sloped).
- Currently set up as a 2‑unit duplex, with each side featuring a kitchen, living room, 1 bedroom, and 1 bath.
- Total living area is 1,056 SF.
Local 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 | $14.6k | $13.80 |
| − Vacancy | −$1.1k | −$1.04 |
| EGI | $13.5k | $12.77 |
| − OpEx | −$4.0k | −$3.83 |
| NOI | $9.4k | $8.94 |
1,056 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$134.8K
$118.0K – $157.3K
NOI $9,436 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$125.3K
$109.6K – $146.2K
NOI $8,769 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$247.9K
$216.9K – $289.2K
NOI $17,351 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex home on 2.42 acres with a 3-car garage and barn, currently needing renovation or conversion to a single family.
Where is this duplex located?
The property is located at 285 Mountville Drive Lebanon, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Lebanon/Jonestown area raised rancher built in 1932 on 2.42 acres (mostly wooded, level & gentle sloped).; Currently set up as a 2‑unit duplex, with each side featuring a kitchen, living room, 1 bedroom, and 1 bath.; Total living area is 1,056 SF.
