Renovated Two-Unit Residential
719 Hill Street Lebanon, PA 17046
719 Hill Street, Lebanon, PA, 17046
$499,900
For Sale
$499,900
Renovated two-unit residence with a four-car garage, fenced yard, patio, and included appliances.
Property Size4,803 SF
Price / SF$104.08
Days on Market119
Property Features for 719 Hill Street
General Information
- Standard status
- Active
- Size
- 4,803 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Legend Properties Inc-Plymouth Meeting
(717) 413-2647
Listed by
Lisa Freund Cooley · License #RS217693L
(717) 413-2647
Source
Compass
Added: Mar 26 Updated: Jul 22 at 12:13PM Checked: Jul 22 at 12:13PM
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 Legend Properties Inc-Plymouth Meeting
Investment Insights
Based on property information with market context.
This renovated two-unit residential property includes a single-family home-style layout alongside a second unit, with interior updates and move-in readiness. The main home features a large family room with a fireplace, a brand-new eat-in kitchen, a first-floor bedroom, and a fenced-in yard with a patio. The second unit has new carpeting and a large deck. All appliances are included, and the four-car garage provides additional utility for parking or income potential.
The property is located in Lebanon, PA. A bus stop is listed as less than 1 mile away, supporting convenient public transportation access.
Set on a single large property, the combination of dual living units, outdoor space, and a four-car garage creates a practical residential income configuration.
The property is located in Lebanon, PA. A bus stop is listed as less than 1 mile away, supporting convenient public transportation access.
Set on a single large property, the combination of dual living units, outdoor space, and a four-car garage creates a practical residential income configuration.
Key Highlights
- Renovated two‑unit residence with a large family room featuring a fireplace
- Brand‑new eat‑in kitchen with built‑in range, dishwasher, disposal, and refrigerator
- First‑floor bedroom and updated interior features including new carpeting and window treatments
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 | $66.3k | $13.80 |
| − Vacancy | −$5.0k | −$1.04 |
| EGI | $61.3k | $12.77 |
| − OpEx | −$18.4k | −$3.83 |
| NOI | $42.9k | $8.94 |
4,803 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.1K
$536.5K – $715.3K
NOI $42,917 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$569.8K
$498.6K – $664.8K
NOI $39,885 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$1.13M
$986.4K – $1.32M
NOI $78,915 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-unit residence with a four-car garage, fenced yard, patio, and included appliances.
Where is this duplex located?
The property is located at 719 Hill Street Lebanon, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Renovated two‑unit residence with a large family room featuring a fireplace; Brand‑new eat‑in kitchen with built‑in range, dishwasher, disposal, and refrigerator; First‑floor bedroom and updated interior features including new carpeting and window treatments
