Triplex Investment
521 & 523 E MAIN Street, Palmyra, PA 17078
MULTI_FAMILY - PALMYRA, PA
Property size:
2,922 SFLot size:
0.18 AcresPrice / SF:
$150/SF- Added:
- Mar 31, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 13 at 1:06 pm
Property Features for 521 & 523 E MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Parking features
- Off Street, Driveway
- Interior features
- Bathroom - Tub Shower, Carpet, Ceiling Fan(s)
- Appliances
- Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
- Standard status
- Active
- Size
- 2,922 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5292
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1930
- Number of units
- 3
- Building materials
- Aluminum Siding
Listing agent Amanda Krall License #RS329101 (717) 514-4772
Listing office Iron Valley Real Estate 1958 Quentin Road, Lebanon, PA (717) 769-2986
Listing date Mar 31, 2026
MLS# PALN2025266
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
- Triplex built in 1930 with aluminum siding and off‑street parking in the rear for all units
- Unit 523 E Main St: 2BR and 1 full bath with living/dining/kitchen and a half bath plus laundry; carpet upstairs and luxury vinyl plank on main level
- Unit 521 Unit A: 1BR with full bath and in‑unit laundry; tenant pays gas and electric while owner covers water/sewer and trash
- Unit 521 Unit B: 3BR and 1 full bath with laundry and central air; furnace and 100‑amp subpanel located on the third level
- Separately metered utilities described: tenants pay water/sewer, gas, and electric for 523; 521 Units A/B tenants pay gas and electric while owner covers water/sewer and trash
- Shared unfinished basement with separate access, housing gas furnaces for 523 and 521 Unit A, water heaters for all units, and three separate 100‑amp electric panels
Overview
This well-maintained triplex offers three spacious, separately metered living units designed for practical long-term rental operations. The 523 unit spans two floors with 2 bedrooms and 1 full bath on the second level, plus a main level layout that includes a living room, dining room, kitchen, half bath, and laundry. Luxury vinyl plank flooring runs through the main level, with carpet upstairs, and the tenant has access to a tenant-owned washer and dryer in the kitchen. Two-zone gas hot water heat serves the unit, and there is no A/C. Shared unfinished basement access is available.
521 includes two distinct units. Unit A is a one-bedroom layout on the main level with a living room, kitchen, full bath, and in-unit laundry, served by gas hot water heat with no A/C. The tenant pays gas and electric, while the owner covers water/sewer and trash. Unit B is a multi-level unit with 3 bedrooms and 1 full bath, with gas heat and central air. A furnace and a 100-amp subpanel are located on the third level, and the tenant pays gas and electric while the owner covers water/sewer and trash.
The shared basement provides mechanical space for all three units, including gas furnaces for 523 and 521 Unit A, water heaters for all three units, and three separate 100-amp electric panels. Off-street parking is available in the rear for all units, and the owner maintains the yard. The roof will be replaced, enhancing the property’s near-term investment value for both investors and owner-occupants.
521 includes two distinct units. Unit A is a one-bedroom layout on the main level with a living room, kitchen, full bath, and in-unit laundry, served by gas hot water heat with no A/C. The tenant pays gas and electric, while the owner covers water/sewer and trash. Unit B is a multi-level unit with 3 bedrooms and 1 full bath, with gas heat and central air. A furnace and a 100-amp subpanel are located on the third level, and the tenant pays gas and electric while the owner covers water/sewer and trash.
The shared basement provides mechanical space for all three units, including gas furnaces for 523 and 521 Unit A, water heaters for all three units, and three separate 100-amp electric panels. Off-street parking is available in the rear for all units, and the owner maintains the yard. The roof will be replaced, enhancing the property’s near-term investment value for both investors and owner-occupants.
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 | $40.3k | $13.80 |
| − Vacancy | −$3.0k | −$1.04 |
| EGI | $37.3k | $12.77 |
| − OpEx | −$11.2k | −$3.83 |
| NOI | $26.1k | $8.94 |
2,922 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,110 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$685.9K
$600.1K – $800.2K
NOI $48,010 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Palmyra
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.58938599
- Latitude
- 40.31100464
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex with three separate units and separate utilities, offering strong income potential for investors or owner-occupants.
Where is this triplex located?
The property is located at 521 & 523 E MAIN Street Palmyra, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Triplex built in 1930 with aluminum siding and off‑street parking in the rear for all units; Unit 523 E Main St: 2BR and 1 full bath with living/dining/kitchen and a half bath plus laundry; carpet upstairs and luxury vinyl plank on main level; Unit 521 Unit A: 1BR with full bath and in‑unit laundry; tenant pays gas and electric while owner covers water/sewer and trash
