Duplex with Off-Street
350 S PARTRIDGE Street, Lebanon, PA 17042
For Sale
New
$185,000
Multi-Family, LEBANON, PA
Property Size1,190 SF
Lot Size0.10 Acres
Price / SF$155.46
Days on Market6
Property Features for 350 S PARTRIDGE Street
General Information
Property type
Property subtype
Parking
Parking features
Interior features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Iron Valley Real Estate
(717) 769-2986
Listed By:
Amanda Krall · License PA RS329101
(717) 514-4772
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# PALN2029512
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.
This 1940 duplex contains two apartments of approximately 550 square feet each. Both have a living room, bedroom, full bathroom, and kitchenette. Recent interior work includes new flooring in each unit. The first-floor apartment has gas heat and cooking; the second-floor apartment uses electric baseboard heat.
The 0.1-acre property includes off-street driveway parking at 350 S Partridge Street in Lebanon, Pennsylvania. Electric and gas service are individually provided to each apartment, while water and sewer share a meter.
The 0.1-acre property includes off-street driveway parking at 350 S Partridge Street in Lebanon, Pennsylvania. Electric and gas service are individually provided to each apartment, while water and sewer share a meter.
Key Highlights
- Two apartments, each approximately 550 square feet
- 0.1‑acre lot with off‑street driveway parking
- Individual electric and gas service for each apartment; shared water and sewer meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,633
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,660
$212.7K
Cap Rate 7%
$151,900
$151.9K
Cap Rate 9%
$118,144
$118.1K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$16.4K $13.80/SF
− Vacancy
−$1.2K −$1.04/SF
EGI
$15.2K $12.77/SF
− OpEx
−$4.6K −$3.83/SF
NOI
$10.6K $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%
$212,660
Cap Rate 7%
$151,900
Cap Rate 9%
$118,144
Alternative Uses
Best Use
Multifamily LT 5
$151.9K
$132.9K – $177.2K
NOI $10,633 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$141.2K
$123.5K – $164.7K
NOI $9,882 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$279.3K
$244.4K – $325.9K
NOI $19,552 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
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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
$222,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lebanon County, PA
Properties on Market for Duplexes in Lebanon County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments feature separate electric and gas service, with water and sewer metered jointly.
Where is this duplex located?
The property is located at 350 S PARTRIDGE Street Lebanon, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two apartments, each approximately 550 square feet; 0.1‑acre lot with off‑street driveway parking; Individual electric and gas service for each apartment; shared water and sewer meter
