122 CUMBERLAND ST, Lebanon, PA 17042
Multi-Family Home
Built in 1945
0.27acre lot
—— car garage
$——/sqft
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

- 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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Harding Elementary School
622 Chestnut St, Lebanon, PA, 17042
Grades KG-5
0.44 miles away
Lebanon Middle School
350 N 8th St, Lebanon, PA, 17046
Grades 6-8
0.66 miles away
Lebanon High School
1000 S 8th St, Lebanon, PA, 17042
Grades 9-12
1.00 miles away
