Palmyra Triplex: Investment
521 East Main Street, Palmyra, PA 17078
Well-maintained triplex in Palmyra with strong rental potential.
Type:Multi-Family / Fee Simple
Property size:
2,922 SFPrice / SF:
$154/SF- Added:
- Mar 30, 2026
- Days on Market:
- 66
- Last Refresh:
- Mar 31 at 8:18 pm
Property Features for 521 East Main Street
General Information
- Standard status
- Active
- Size
- 2,922 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agent Amanda Krall License #RS329101 (717) 514-4772
Listing office Iron Valley Real Estate (717) 514-4772
Listing date Mar 30, 2026
Source Compass
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 Iron Valley Real Estate
HighLights
- Excellent investment opportunity with strong rental potential due to three separate units.
- Located in a highly desirable Palmyra school district.
- Separate utilities for each unit (gas and electric), simplifying tenant management.
- Off‑street parking provided for all units.
- Well‑maintained triplex with recent upgrades including luxury vinyl plank flooring in one unit.
- Includes appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer.
Overview
This well-maintained triplex presents an excellent investment opportunity in Palmyra, situated within a highly desirable school district. The property comprises three spacious units, each with separate utilities, offering strong rental potential. Unit 523 E Main St features two floors of living space, including 2 bedrooms and 1 full bath on the second level. The main level consists of a living room, dining room, kitchen, half bath, and laundry area, enhanced by luxury vinyl plank flooring throughout the main level and carpet upstairs. This unit has two-zone gas hot water heat. Unit 521 A, located on the main level, is a one-bedroom unit with a living room, kitchen, full bath, and in-unit laundry. It is equipped with gas hot water heat. Unit 521 B, an upper multi-level unit, offers 3 bedrooms and 1 full bath. The second level includes a living room, kitchen, one bedroom, bath, and laundry, while the third floor provides two additional bedrooms. This unit features gas heat and central air, with the furnace and a 100-amp subpanel located on the third level. The shared unfinished basement houses gas furnaces for unit 523 and unit 521 A, water heaters for all three units, and three separate 100-amp electric panels. Additional amenities include off-street parking for all units in the rear and an owner-maintained yard. The property size is 2922 square feet. This triplex is located in Palmyra Boro and is within the Palmyra Area School District. It is suitable 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 5.80%
Second Best
Apartment 5plus
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$685.9K
$600.1K – $800.2K
NOI $48,010 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Palmyra
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.589386
- Latitude
- 40.311005
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex in Palmyra with strong rental potential.
Where is this triplex located?
The property is located at 521 East Main Street Palmyra, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Excellent investment opportunity with strong rental potential due to three separate units.; Located in a highly desirable Palmyra school district.; Separate utilities for each unit (gas and electric), simplifying tenant management.
