827 CHESTNUT Street Lebanon, PA 17042
MULTI_FAMILY - Colonial - LEBANON, PA
- Added:
- May 21, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 827 CHESTNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,568 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3156
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Carson Michael Perlaki License #RS371923 (717) 673-5570
Listing office Keller Williams Realty 530 N Lockwillow Avenue, Harrisburg, PA (717) 657-4700
Listing date May 21, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 827 CHESTNUT Street in Lebanon, PA 17042, the building is positioned between the Lebanon Farmers Market and the Post Office, offering straightforward access to nearby downtown services and activities.
For a tenant, buyer, or owner-operator, the layout allows for multiple operating approaches: re-lease the first-floor space for retail or other commercial use while maintaining the upstairs apartment. The combination of a ready-to-occupy commercial area and an existing rented unit can support a live-work plan, portfolio diversification, or a transition to a fully owner-managed operation once the first-floor space is filled.
Key Highlights
- Prime location in the heart of Lebanon City, offering strong visibility and easy access to downtown amenities.
- Mixed‑use property with a vacant first‑floor commercial space, providing immediate business or rental income potential.
- Spacious 2‑bedroom, 1‑bath apartment on the second floor, currently generating $1,000/month in rental income.
Local Financial Insights For Mixed Use
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 | $28.2k | $18.00 |
| − Vacancy | −$2.8k | −$1.80 |
| EGI | $25.4k | $16.20 |
| − OpEx | −$9.5k | −$6.07 |
| NOI | $15.9k | $10.13 |
