All-Brick 4-Unit Residential
525 North 8th Street Lebanon, PA 17046
For Sale
$429,900
Four-unit residential property with three all-brick front units and one fully independent rear single-family unit.
Property Size2,700 SF
Price / SF$159.22
Days on Market118
Property Features for 525 North 8th Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency:
Suburban Realty
(717) 679-4863
Listed By:
John J Miller · License #Rs299305
(717) 679-4863
Source:
Compass
Added: Mar 29
Changed: Jul 23
Last Checked: Jul 23 at 1:22PM
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 Suburban Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property features a solid all-brick three-unit building at the front and a separate single-family unit at the rear. The three front units have separate heat and hot water for each unit, and tenants are responsible for their own utilities. In addition, the landlord currently covers water, sewer, and trash for the front building.
The rear unit is fully independent, with the tenant responsible for all utilities. Two of the units are currently vacant and have recently been refreshed with fresh paint and new flooring.
With a front triplex configuration and a separate rear unit, the property offers a practical mix of utility responsibility and unit readiness for an owner-occupant or investor.
The rear unit is fully independent, with the tenant responsible for all utilities. Two of the units are currently vacant and have recently been refreshed with fresh paint and new flooring.
With a front triplex configuration and a separate rear unit, the property offers a practical mix of utility responsibility and unit readiness for an owner-occupant or investor.
Key Highlights
- 4‑unit residential property: 3 all‑brick front units plus a fully independent single‑family rear unit
- Front triplex units have separate heat and hot water; tenants pay their own utilities while the landlord covers water, sewer, and trash
- Rear single‑family unit is fully independent with the tenant responsible for all utilities
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 | $37.3k | $13.80 |
| − Vacancy | −$2.8k | −$1.04 |
| EGI | $34.5k | $12.77 |
| − OpEx | −$10.3k | −$3.83 |
| NOI | $24.1k | $8.94 |
2,700 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.7K
$301.6K – $402.1K
NOI $24,126 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$320.3K
$280.3K – $373.7K
NOI $22,421 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$633.7K
$554.5K – $739.4K
NOI $44,362 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Buzgon Davis Law ...
Law Firm
Buzgon Davis Law ...
Law Firm
Huber Timothy J
Law Firm
Grenoble Scott L
Law Firm
Schibinger Jason J
Law Firm
FAQs
What type of property is this?
Quadplex - Four-unit residential property with three all-brick front units and one fully independent rear single-family unit.
Where is this quadplex located?
The property is located at 525 North 8th Street Lebanon, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 4‑unit residential property: 3 all‑brick front units plus a fully independent single‑family rear unit; Front triplex units have separate heat and hot water; tenants pay their own utilities while the landlord covers water, sewer, and trash; Rear single‑family unit is fully independent with the tenant responsible for all utilities
