$379,900

122 CUMBERLAND ST, Lebanon, PA 17042

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 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:
February 6, 2026 at 4:34PM
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

Presented by Veterans United Realty

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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Location

Schools Nearby

H

Harding Elementary School

622 Chestnut St, Lebanon, PA, 17042

Grades KG-5

0.44 miles away

L

Lebanon Middle School

350 N 8th St, Lebanon, PA, 17046

Grades 6-8

0.66 miles away

L

Lebanon High School

1000 S 8th St, Lebanon, PA, 17042

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.