Rented Duplex with Detached
528 Maple Street Lebanon, PA 17046
528 Maple Street, Lebanon, PA, 17046
$250,000
For Sale
$250,000
Duplex with two leased units plus income from a detached three-bay garage, gas heat, and separated utilities for electric and gas.
Property Size2,256 SF
Price / SF$110.82
Days on Market120
Property Features for 528 Maple Street
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
Iron Valley Real Estate
(717) 514-4772
Listed by
Amanda Krall · License #RS329101
(717) 514-4772
Source
Compass
Added: Mar 25 Updated: Jul 21 at 1:51AM Checked: Jul 21 at 8:25AM
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
Investment Insights
Based on property information with market context.
This duplex offers two separate, currently rented units with additional rental income from a detached three-bay garage. Unit 1 is the lower level and includes living space, 2–3 bedrooms, an eat-in kitchen, a full bathroom, a laundry hookup, and direct access to the backyard and a small patio. Unit 2 is on the upper level and features an eat-in kitchen, living room, 1–2 bedrooms, a full bathroom, and hallway access. Tenants also have access to additional storage via a walk-up unfinished attic.
The property includes gas heat and one newer water heater. Gas and electric are separated, while water and sewer are not. Furnaces, water heaters, and electric panels are located in the lower level of Unit 1.
The landlord currently covers water, sewer, trash, and lawn maintenance, while tenants are responsible for electric and gas. An income and expense sheet is available for review.
The property includes gas heat and one newer water heater. Gas and electric are separated, while water and sewer are not. Furnaces, water heaters, and electric panels are located in the lower level of Unit 1.
The landlord currently covers water, sewer, trash, and lawn maintenance, while tenants are responsible for electric and gas. An income and expense sheet is available for review.
Key Highlights
- Duplex in Lebanon with 2 rented units plus additional income from a detached three‑bay garage.
- Unit 1 (main/lower level) includes living room, eat‑in kitchen, full bath, laundry hookup, backyard access, and 2‑3 bedrooms.
- Unit 2 (upper level) offers eat‑in kitchen, living room, 1‑2 bedrooms, and full bathroom; tenants also have access to a walk‑up unfinished attic for storage.
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 | $31.1k | $13.80 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $28.8k | $12.77 |
| − OpEx | −$8.6k | −$3.83 |
| NOI | $20.2k | $8.94 |
2,256 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.0K
$252.0K – $336.0K
NOI $20,158 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$267.6K
$234.2K – $312.2K
NOI $18,734 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$529.5K
$463.3K – $617.8K
NOI $37,067 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two leased units plus income from a detached three-bay garage, gas heat, and separated utilities for electric and gas.
Where is this duplex located?
The property is located at 528 Maple Street Lebanon, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex in Lebanon with 2 rented units plus additional income from a detached three‑bay garage.; Unit 1 (main/lower level) includes living room, eat‑in kitchen, full bath, laundry hookup, backyard access, and 2‑3 bedrooms.; Unit 2 (upper level) offers eat‑in kitchen, living room, 1‑2 bedrooms, and full bathroom; tenants also have access to a walk‑up unfinished attic for storage.
