6-Unit Apartment
New
For Sale
$640,000
613 N 9TH STREET, Lebanon, PA 17046
The fully occupied property contains a mix of one-, two-, and three-bedroom apartments.
Property Size5,918 SF
Price / SF$108.14
Days on Market5
Property Features for 613 N 9TH STREET
General Information
Standard status
Active
Size
5,918 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
2 x 1BR, 2 x 2BR, 2 x 3BR
Multifamily Units
6
Additional Details
Gross Income
$72,300
Highway Access
Yes
Building Details
Year Built
1940
Listing Agency:
Peak Asset Realty
(223) 227-2270
Listed By:
Brooke Marie Hummel · License #RS374664
(717) 454-7617
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:15PM
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 Peak Asset Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-unit apartment property in Lebanon contains 5,918 square feet and was built in 1940. Its residential mix includes two one-bedroom apartments, two two-bedroom apartments, and two three-bedroom apartments. All six units are occupied.
The property is at 613 N 9th Street, with access to Routes 422 and 76 connecting the area to surrounding communities.
The property is at 613 N 9th Street, with access to Routes 422 and 76 connecting the area to surrounding communities.
Key Highlights
- Six apartments: two one‑bedroom, two two‑bedroom, and two three‑bedroom units
- All six apartments are occupied
- 5,918 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,144
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,880
$982.9K
Cap Rate 7%
$702,057
$702.1K
Cap Rate 9%
$546,044
$546.0K
Market Conditions
NOI Build-Up for 5,918 SF
Gross rent
$95.9K $16.20/SF
− Vacancy
−$6.5K −$1.10/SF
EGI
$89.4K $15.10/SF
− OpEx
−$40.2K −$6.79/SF
NOI
$49.1K $8.30/SF
Area
Lebanon County, PA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,880
Cap Rate 7%
$702,057
Cap Rate 9%
$546,044
Alternative Uses
Best Use
Apartment 5plus
$702.1K
$614.3K – $819.1K
NOI $49,144 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,235 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
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?
Apartment building - The fully occupied property contains a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 613 N 9TH STREET Lebanon, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Six apartments: two one‑bedroom, two two‑bedroom, and two three‑bedroom units; All six apartments are occupied; 5,918 square feet
