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    405 Jonestown Rd Jonestown, PA 17038

    Sponsored
    For Sale
    $550,000

    Six-unit apartment building, excellent investment.

    Property size:
    4,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This well-located Jonestown, PA apartment building presents a compelling investment opportunity. The property, situated at 405 Jonestown Rd, 17038, encompasses a 0.43-acre lot and features a three-story building constructed in 1875, extensively renovated in 1975. The 4,840 square foot building offers six rental units: five one-bedroom apartments and one studio. All units are currently occupied by long-term tenants, providing immediate cash flow and stability. Ample parking is available with 20 spaces on-site. The property is zoned for multi-family use and is offered fee simple, with no ground lease. The asking price is $550,000. This property combines the benefits of a strong rental income stream with the potential for future appreciation in a desirable location. The building's history and recent renovations suggest a solid foundation for continued success. This is a rare opportunity to acquire a well-maintained multi-family property in a thriving community. The property's size and unit mix offer a balanced approach to rental management, making it an attractive investment for both seasoned and new investors. Serious inquiries only.

    Property Features for 405 Jonestown Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,840 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built/Renovated
    1875/1975
    Buildings
    1
    Stories
    3
    Units
    6

    HighLights

    • $550,000 asking price for a six‑unit apartment building.
    • 4,840 square feet on a 0.43‑acre lot in Jonestown, PA.
    • Six units total: five one‑bedroom units and one studio.
    • Built in 1875, renovated in 1975, three stories.
    • Twenty parking spaces available.
    • Fee simple ownership with a broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonestown
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.4886437
    Latitude
    40.412521

    Nearby Comparable

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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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      Jonestown Retail Property - I-81 Access

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      Prime I-81 Commercial Land

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      I-81 Frontage Industrial Land

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    Nearby Similar for Sale

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      Commercial Property with Expansion Potential

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      2842-72 State Route 72, Jonestown, PA 17038
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      Established Jonestown Auto Center

      Profitable Auto Sales & Salvage Business
      673 Jonestown Rd, Jonestown, PA 17038
      View Details
    • $200,000
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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
      75 Fisher Ave, Jonestown, PA 17038
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    • Contact for pricing
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      Jonestown Retail Property - I-81 Access

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    • $550,000
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      Jonestown Multifamily Investment Opportunity

      Five-unit apartment building with strong tenant history.
      408 Jonestown Rd, Jonestown, PA 17038
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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, excellent investment.
    Where is this multifamily property located?
    The property is located at 405 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 for a six-unit apartment building.; 4,840 square feet on a 0.43-acre lot in Jonestown, PA.; Six units total: five one-bedroom units and one studio.
    Request Owner's contact information
    405 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
    405 Jonestown Rd Jonestown, PA 17038
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