Lebanon, PA 17042 916 Cumberland Street

$289,000

Sold: Sep 05, 2025
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Presented By: Lime House
  • MLS# PALN2019400
  • 03/26/2025
  • Request Tour
  • Request Info
  • Beds • 2

Home Details

Investor alert! Located on Main Street at 916 Cumberland St in the heart of Lebanon, this 3-unit mixed-use property is a prime income-producing asset. The first floor is home to a popular sports bar with a newly signed five-year lease at $925/month, featuring annual rent increases for built-in growth. Upstairs, the two-bedroom residential unit rents for $1,000/month, while the one-bedroom brings in $900/monthtotaling $2,825 in monthly income. The property also includes off-street parking, a valuable amenity in this central location. With strong, steady returns and long-term tenants in place, this is a turnkey investment opportunity you wont want to miss.
Presented By: Lime House

General for 916 Cumberland Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleTraditional
Buyer FinancingConventional
CityLEBANON
Close Price289000.00
Construction MaterialsMasonry, Wood Siding, Brick, Concrete
Cool FuelNone
CoolingCentral A/C
CountyLEBANON
DirectionsGPS
Electric200+ Amp Service
ExclusionsAll tenant personal property
Garage Y/NNo
HeatingForced Air
Lease TypeLong Term, Yearly
Location TypeDowntown
Lot Size Square Feet3049.00
Lot Size UnitsSquare Feet
MLS AreaLebanon City (13201)
ModificationTimestamp2025-09-06T00:03:30
MunicipalityLEBANON CITY
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG96.72
Property SubtypeTriplex
Property TypeMulti-Family
RoofShingle
School DistrictLEBANON
Security FeaturesSmoke Detector
SewerPublic Sewer
Single Room Units Count1
Standard StatusClosed
StatusCLOSED
Structure TypeTwin/Semi-Detached
Subdivision NameCITY
Tax Annual Amount3374.74
Tax Assessed Value120900.0
Tax Year2025
Total Actual Rent33600.00
Total SQFT2988
Trash Expense308.00
Two Bedroom1
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1943
Year Built SourceEstimated
ZoningRESIDENTIAL

Interior for 916 Cumberland Street

BasementOutside Entrance, Unfinished
Basement (Y/N)Yes
BuyerOfficeEmailquarryville@beiler-campbell.com
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
LivingAreaSourceAssessor
Three Bedroom Units Count0
Total Stories2

Exterior for 916 Cumberland Street

Foundation DetailsStone
Land Assessed Value8700.00
Land Use Code319
Lot Size Acres0.07
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Road ResponsibilityCity/County
Type of ParkingOff Site, Other
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Manish Arora

Realtor
Price $289,000
MLS#PALN2019400
List Date 03/26/2025
Property Type Multi-Family
Phone (202) 549-0229
Request Tour
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