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Downtown Lebanon Multifamily Homes & Duplexes for Sale

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  • /53

    $595,000

    • Studio
    • 6,970 Sq Ft

    4 S 4th St, Lebanon, PA 17042

    SELLER FINANCING TO QUALIFIED BUYER! Turnkey 4 unit! Projected income $70,800. 3,000 sq. ft, 4 bedrooms and 3 full baths home on the 2nd and 3rd floor with large office for working at home, all original hardwood floors, 2 fireplaces, gourmet kitchen, 2nd floor greenhouse, and rooftop deck overlooking city views! ---Additional income from (3) gorgeous 1,000 sq. ft offices on the first floor.

    Timothy Shreiner Berkshire Hathaway HomeServices Homesale Realty

    4 S 4th St, Lebanon, PA 17042
  • /30

    $299,900

    • Studio
    • 1,692 Sq Ft

    1113 Cumberland St, Lebanon, PA 17042

    Investor Opportunity! Here is your chance to own a 2 unit building in Lebanon. Both units are 2 bedroom 1 bath, 2 off street parking spaces. This property is fully rented! Schedule a showing today, this won't last long!

    Merlin Weaver Compass RE

    1113 Cumberland St, Lebanon, PA 17042

Why Live in Downtown Lebanon

Downtown Lebanon is one of the oldest neighborhoods, characterized by its early 20th-century and late 19th-century architecture. The area features tightly packed townhouses, some with Victorian or Italianate detailing, alongside simpler homes with vinyl siding. Most residents rent, with multi-unit properties frequently available. Single-family homes, including bungalows and ranch-style houses, are found on the outskirts. The neighborhood is dotted with pocket parks and playgrounds, with Walnut Street Park being a popular spot for children. Coleman Memorial Park, just north of Downtown, offers 99 acres of wooded trails, ballfields, and recent additions like pickleball courts and a disc golf course. U.S. Highway 422, or Cumberland Street, is the main thoroughfare, lined with historic brick storefronts housing art galleries, thrift stores, and local businesses. Dining options include the Lebanon Gin Mill, Downtown Lounge Bar and Restaurant, and Snitz Creek Brewery. The Lebanon Farmers Market, a historic site, operates from Thursdays to Saturdays, featuring local vendors and live music. The annual New Year’s Eve Bologna Drop is a unique local tradition. Lebanon Transit provides bus services throughout the area, and major highways connect residents to Harrisburg and Philadelphia. The Lebanon School District serves the area, with public schools seeing improved ratings in recent years.

Home Trends in Downtown Lebanon, PA

Housing Trends

Median Sale Price
$165,000
Median Single Family Sale Price
$165,000
Median Townhouse Sale Price
$180,000
Average Price Per Sq Ft
$115
Number of Homes for Sale
5
Last 12 months Home Sales
41
Months of Supply
1.50
Median List Price
$173,750
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
18%
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