Mixed-Use Property with
For Sale
$375,000
526 N 8th St, Lebanon, PA 17046
The property combines apartment residences with a commercial space occupied by a salon.
Property Size3,193 SF
Price / SF$117.44
Days on Market13
Property Features for 526 N 8th St
General Information
Standard status
Active
Size
3,193 SF
Total Parking Spaces
2
Property subtype
Quadruplex
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Mixed-Use Components
residential, commercial
Tenant in Place
Yes
Amenities
patio area
back yard
Building Details
Year Built
1900
Listing Agency:
Suburban Realty
(717) 867-4487
Listed By:
Aaron Donnachie · License #RS335953
(717) 383-6670
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 4:01PM
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
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Investment Insights
Based on property information with market context.
This 3,193-square-foot mixed-use building, constructed in 1900, contains three apartment units and a separate commercial unit occupied by a salon. The apartments include two one-bedroom layouts and a two-bedroom residence spanning the second and third floors. A patio and backyard provide outdoor space, and the property has two off-street parking spaces.
Tenants pay their own electric service. The owner covers gas heat, common-area electricity, water and sewer, and trash.
Tenants pay their own electric service. The owner covers gas heat, common-area electricity, water and sewer, and trash.
Key Highlights
- 3,193‑square‑foot building constructed in 1900
- Three apartment units plus a separate commercial unit occupied by a salon
- Apartment mix includes two one‑bedroom units and one two‑bedroom unit spanning the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,329
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,580
$646.6K
Cap Rate 7%
$461,843
$461.8K
Cap Rate 9%
$359,211
$359.2K
Market Conditions
NOI Build-Up for 3,193 SF
Gross rent
$57.5K $18.00/SF
− Vacancy
−$5.7K −$1.80/SF
EGI
$51.7K $16.20/SF
− OpEx
−$19.4K −$6.07/SF
NOI
$32.3K $10.13/SF
Area
Lebanon County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,580
Cap Rate 7%
$461,843
Cap Rate 9%
$359,211
Alternative Uses
Best Use
Mixed Use
$461.8K
$404.1K – $538.8K
NOI $32,329 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
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Business Placement
Demographics for 17046, PA
31,272
Population
13,570
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
38.9 sq mi
ZIP Area
804
Density / Sq Mi
$59,633
Median Household Income
$37,261
Median Earnings
$1,036
Median Rent
$180,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines apartment residences with a commercial space occupied by a salon.
Where is this mixed-use property located?
The property is located at 526 N 8th St Lebanon, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,193‑square‑foot building constructed in 1900; Three apartment units plus a separate commercial unit occupied by a salon; Apartment mix includes two one‑bedroom units and one two‑bedroom unit spanning the second and third floors
