Mixed-Use Building with Salon
New
For Sale
$375,000
LEBANON, PA 17046, Lebanon, PA 17046
Multi-Family, LEBANON, PA
Property Size3,193 SF
Lot Size0.09 Acres
Price / SF$117.44
Days on Market7
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
2
Parking features
Off Street, On Street
Middle school
LEBANON
High school
LEBANON
Elementary school district
LEBANON
Middle school district
LEBANON
High school district
LEBANON
Standard status
Active
Size
3,193 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4271
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Amenities
patio area
back yard
Building Details
Year built
1900
Number of units
4
Building materials
Brick, Metal Siding
Architectural style
Other
Listing Agency:
Suburban Realty
(717) 867-4487
Listed By:
Aaron Donnachie · License #RS335953
(717) 383-6670
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 22 at 5:06AM
MLS# PALN2029122
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.
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Investment Insights
Based on property information with market context.
This 3,193-square-foot mixed-use property contains three apartments and a separate commercial space currently occupied by a salon. The residential mix includes two one-bedroom apartments and a two-bedroom unit extending across the second and third floors. A patio and backyard add outdoor areas, and the building has two off-street parking spaces. Built in 1900, the structure has brick and metal siding, hot-water and baseboard heating, and window-unit cooling.
The property occupies a 0.09-acre parcel. Residents pay their own electric service; the owner covers gas heat, common-area electricity, water and sewer, and trash.
The property occupies a 0.09-acre parcel. Residents pay their own electric service; the owner covers gas heat, common-area electricity, water and sewer, and trash.
Key Highlights
- 3,193‑square‑foot mixed‑use property with three apartments and separate commercial space
- Salon occupies the commercial space
- Apartment mix includes two one‑bedroom units and a two‑bedroom unit across the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,329
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,580
$646.6K
Cap Rate 7%
$461,843
$461.8K
Cap Rate 9%
$359,211
$359.2K
Market Conditions
NOI Build-Up for 3,193 SF
Gross rent
$57.5K $18.00/SF
− Vacancy
−$5.7K −$1.80/SF
EGI
$51.7K $16.20/SF
− OpEx
−$19.4K −$6.07/SF
NOI
$32.3K $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 Rate 5%
$646,580
Cap Rate 7%
$461,843
Cap Rate 9%
$359,211
Alternative Uses
Best Use
Mixed Use
$461.8K
$404.1K – $538.8K
NOI $32,329 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 17046, PA
31,272
Population
13,570
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
38.9 sq mi
ZIP Area
804
Density / Sq Mi
$59,633
Median Household Income
$37,261
Median Earnings
$1,036
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and a salon-occupied commercial space are arranged within a brick and metal-sided property.
Where is this mixed-use property located?
The property is located at Lebanon, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,193‑square‑foot mixed‑use property with three apartments and separate commercial space; Salon occupies the commercial space; Apartment mix includes two one‑bedroom units and a two‑bedroom unit across the second and third floors
