Price Reduction
709 Chestnut Street Lebanon, PA
$ 339,900
Property Attributes
  • MLS#PALN119402
  • TypeMulti-Family
  • CountyLEBANON
  • CityLebanon
  • AreaLebanon City
  • Zip17042
  • StyleFederal
  • Year Built1960
  • Taxes$ 3164
  • Price$ 339,900
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Country Home Real Estate
Data Source:
Bright MLS
Property Description

Wow! This is a true showstopper!!! A great chance to own a beautiful brick 5 unit in a wonderful location in the City of Lebanon. With 4 residential units and 1 commercial unit, this build has a gross income of over $43,000 a year! There are 4 residential unit. Each unit is a large 1 bedroom 1 bathroom unit. The commercial space is a very nice professional space that would be great for retail or office space. Two large rooms and a bathroom. All 5 units have separate water heaters and electric meters. Each resident is responsible for paying for their respective electric bill, which covers their hot water. This property currently operates at a 10.27% cap rate and has tremendous cash flow! If you are looking to add a nice property to your portfolio or looking for your first investment, look no further! This will NOT last long! Call today! This is Cross listed as Multi-family and Commercial

Middle School High School
Lebanon Middle School Lebanon High School
Price History
5/25/2021 Listed $349,900
6/10/2021 2% - $344,900
6/18/2021 2% - $339,900

General Features

Accessibility None
Architectural Style Federal
Construction Materials Brick
Cool Fuel None
Cooling None
Days on Market 21
Garage Y/N No
Heating Radiator, Radiant
High School District LEBANON
MLS Area Lebanon City (13201)
Municipality LEBANON CITY
New Construction No
One Bedroom Units Count 4
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Coin w/Sell Sett
Property SubType Other
Property Type Multi-Family
Sewer Public Sewer
Structure Type Twin/Semi-Detached
Tax Annual Amount 3164.0
Tax Year 2020
Total Units 4
Two Bedroom 1
Vacation Rental Y/N No
Water Access Y/N No

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric

Exterior Features

Lot Size Acres 0.06
Lot Size Source Assessor
Lot Size Square Feet 2614.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 17042

AVG $250K
AVG $2,895
AVG 24
Year Built
AVG 1951

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