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    408 Jonestown Rd Jonestown, PA 17038

    Sponsored
    For Sale
    $550,000

    Five-unit apartment building with strong tenant history.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 408 Jonestown Road, Jonestown, PA 17038. Built in 1920, this property sits on a 0.18-acre lot and comprises two, two-story buildings. The property features a mix of unit sizes, including three one-bedroom units and two three-bedroom units, all currently occupied by long-term tenants, providing immediate cash flow. The property offers ten parking spaces for residents. The permitted zoning is Medium Density Residential, suggesting potential for future development or expansion (subject to local regulations). The asking price for this turnkey investment is $550,000. This property is ideally situated in Lebanon County, Pennsylvania, offering a blend of location advantages and stable tenancy, making it an attractive proposition for discerning investors seeking a solid return on investment. The property's history of long-term tenants suggests a low vacancy rate and consistent rental income. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. Serious inquiries are encouraged.

    Property Features for 408 Jonestown Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1920
    Buildings
    2
    Stories
    2

    HighLights

    • $550,000 asking price.
    • Multifamily apartment building.
    • Built in 1920, two buildings, two stories.
    • Med Density Residential zoning.
    • 0.18‑acre lot with 10 parking spaces.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonestown
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.488822154145
    Latitude
    40.412452879325

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      if possible. Liquor license stays ONLY if the property continues to be run as an American Legion. If the new owner decides not to keep the American Legion as a tenant

      then the liquor license ends and does not transfer. All contents are included in the sale except a few personal items and those items not owned by the American Legion. MANY POSSIBILITIES with this property and the commercial zoning! Click under the \""Documents\"" tab to view the Union Township zoning map and the permitted uses for the commercial zoning. Property is being sold AS IS
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      if possible. Liquor license stays ONLY if the property continues to be run as an American Legion. If the new owner decides not to keep the American Legion as a tenant

      then the liquor license ends and does not transfer. All contents are included in the sale except a few personal items and those items not owned by the American Legion. MANY POSSIBILITIES with this property and the commercial zoning! Click under the \""Documents\"" tab to view the Union Township zoning map and the permitted uses for the commercial zoning. Property is being sold AS IS
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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building with strong tenant history.
    Where is this multifamily property located?
    The property is located at 408 Jonestown Rd Jonestown, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price.; Multifamily apartment building.; Built in 1920, two buildings, two stories.
    Request Owner's contact information
    408 Jonestown Rd Jonestown, PA 17038
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    Jonestown, PA 17038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 Jonestown Rd Jonestown, PA 17038
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