Five-Unit Mixed-Use
For Sale
$510,000
930 Cumberland Street, Lebanon, PA 17042
Commercial mixed-use zoning supports a combination of apartments and storefront space.
Property Size3,880 SF
Price / SF$131.44
Days on Market216
Property Features for 930 Cumberland Street
General Information
Standard status
Active
Size
3,880 SF
Property subtype
Multi-Family / Fee Simple
Zoning
319 COMMERCIAL-MIXED USE
Financials
Gross Income
$57,300
Average Monthly Rent
$1,125
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,860
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Elite
(717) 598-3327
Listed By:
Joseph Fisher · License #RS352328
(717) 598-3327
Source:
Compass
Added: Jan 26
Changed: Aug 30
Last Checked: Aug 30 at 1:53PM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This 3,880-square-foot mixed-use building, constructed in 1940, contains five units: three residential apartments and two commercial storefronts. Each unit has separate gas heat, while electrical service is separately metered apart from unit #1, which remains on the owner’s meter. The property is zoned 319 COMMERCIAL-MIXED USE.
Recent capital work includes a new roof, replacement storefronts, and updates to units 2 and 3, with the improvements completed within the last 4 years. The combination of residential and commercial components provides a varied occupancy profile within one building on Cumberland Street in Lebanon, Pennsylvania.
Recent capital work includes a new roof, replacement storefronts, and updates to units 2 and 3, with the improvements completed within the last 4 years. The combination of residential and commercial components provides a varied occupancy profile within one building on Cumberland Street in Lebanon, Pennsylvania.
Key Highlights
- 3,880‑square‑foot building with 5 total units
- Unit mix includes 3 apartments and 2 commercial storefronts
- Zoned 319 COMMERCIAL‑MIXED USE
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,700
$785.7K
Cap Rate 7%
$561,214
$561.2K
Cap Rate 9%
$436,500
$436.5K
Market Conditions
NOI Build-Up for 3,880 SF
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.
Gross rent
$69.8K $18.00/SF
− Vacancy
−$7.0K −$1.80/SF
EGI
$62.9K $16.20/SF
− OpEx
−$23.6K −$6.07/SF
NOI
$39.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,700
Cap Rate 7%
$561,214
Cap Rate 9%
$436,500
Alternative Uses
Best Use
Mixed Use
$561.2K
$491.1K – $654.8K
NOI $39,285 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$520.9K
$455.8K – $607.7K
NOI $36,462 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$910.7K
$796.9K – $1.06M
NOI $63,750 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial mixed-use zoning supports a combination of apartments and storefront space.
Where is this mixed-use property located?
The property is located at 930 Cumberland Street Lebanon, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 3,880‑square‑foot building with 5 total units; Unit mix includes 3 apartments and 2 commercial storefronts; Zoned 319 COMMERCIAL‑MIXED USE
