$370,900

122 CUMBERLAND ST, Lebanon, PA 17042

Multi-Family Home
Built in 1945
0.27acre lot
—— car garage
$——/sqft
Listed 7 months ago

Property Description

Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec’ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents. 9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,900 9% cap rate = $1,577,000 value $400,000-$450,000 estimated construction costs to get there $1,577,000 minus $450,000 construction costs minus purchase price= instant equity!

Listing Status:: Active
Date Added:: September 29, 2025
Data Last Updated:: May 8, 2026 at 4:18PM
Listing Office:: Manor West Realty : 7172908182
Listing Agent:: Jonathan Gordon : 7173333614
MLS ID:: PALN2023054

A/C: Central A/C
Heating: Forced AirElectric
Disability Feature: None

General: Other

Originating MLS: BRIGHT_MAIN
School District: LEBANON
County: LEBANON-PA

Zoning: COMMERCIAL04-2341039-369525-0000

Water: Public
Sewer: No Septic SystemPublic Sewer

Source: BRIGHT_MAIN

This listing courtesy of Jonathan Gordon , Manor West Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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