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Lebanon, PA Multifamily Homes & Duplexes for Sale

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  • /8

    $569,000

    • Studio
    • 4,380 Sq Ft

    426 N 9th St, Lebanon, PA 17046

    Great investment opportunity in Lebanon City! This well-maintained property features 5 spacious apartments and 6 storage units, generating strong income. The building includes three 2-bedroom/1-bath units and two 1-bedroom/1-bath units, all in good condition with many updates completed in the past two years. Professional management is in place and willing to continue, making this a true turn-key

    Jake Fisher Hostetter Realty

    426 N 9th St, Lebanon, PA 17046
  • /27

    $409,900

    • Studio
    • 2,840 Sq Ft

    1617 Center St, Lebanon, PA 17042

    This is a great opportunity to own a fantastic investment property in Lebanon with 3 fully rented units with over 42,000 per year in income!

    John MacDonald Core Partners Realty LLC

    1617 Center St, Lebanon, PA 17042
  • /40

    $285,000

    • Studio
    • 1,692 Sq Ft

    1113 Cumberland St, Lebanon, PA 17042

    This fully tenant-occupied duplex in Lebanon, PA is the perfect turnkey investment for any investor. Both units are currently rented, providing reliable income from day one. Located close to shopping, schools, and public transportation, the property is in a convenient area that attracts long-term tenants.With a strong rental history and low-maintenance setup, this duplex is ideal whether

    Edwin Estrella Iron Valley Real Estate of Berks

    1113 Cumberland St, Lebanon, PA 17042
  • /30

    $270,000

    • Studio
    • 3,144 Sq Ft

    629 Chestnut St, Lebanon, PA 17042

    **Investment Opportunity in Lebanon, PA!** This versatile property on Chestnut Street is currently configured as **two spacious 3-bedroom units**, but offers incredible potential. With some reconfiguration, it could easily be converted into a **3-bedroom unit, a 2-bedroom unit, and a studio or storefront/business space in the front**—opening the door to multiple income

    FELIX DESANGLES Realty ONE Group Unlimited

    629 Chestnut St, Lebanon, PA 17042
  • /28

    $199,900

    • Studio
    • 1,328 Sq Ft

    1127 Walnut St, Lebanon, PA 17042

    Great investment opportunity in the heart of Lebanon! This well-maintained 2-unit property offers strong rental income and excellent long-term potential. The first-floor unit is a spacious 1-bed/1-bath currently rented at $750/month with rent increasing to $900/month on October 1st. The second-floor unit is also a 1-bed/1-bath currently rented at $750/month with rent increasing to $1,010/month on

    Carson Perlaki Keller Williams Realty

    1127 Walnut St, Lebanon, PA 17042
  • /40

    $350,000

    • Studio
    • 868 Sq Ft

    602 E Maple St, Lebanon, PA 17046

    Investors and house hackers this is your chance to own a profitable two house property in Cornwall Lebanon School District! In the front of the property you will find a tenant-occupied brick rancher, with three bedrooms, one bathroom, a garage, walk out basement, and large back porch overlooking the full acre back yard. Behind the rancher across the driveway is a newly renovated two bedroom, one

    Aaron Donnachie Suburban Realty

    602 E Maple St, Lebanon, PA 17046
  • /17

    $329,000

    • Studio
    • 2,116 Sq Ft

    214 E Maple St, Lebanon, PA 17046

    Remodeled 2-Unit Investment Opportunity – Ready to Go!This beautifully updated 2-unit property is move-in ready and perfect for owner-occupants or savy investors. The front unit is a spacious 4-bedroom, 2.5-bath apartment featuring the option for first-floor living, complete with a walk-in shower and both front and rear ramps—ideal for accessibility. Inside, it looks and feels like a

    Judy Mehaffey Berkshire Hathaway HomeServices Homesale Realty

    214 E Maple St, Lebanon, PA 17046
  • /53

    $579,900

    • Studio
    • 6,970 Sq Ft

    4 S 4th St, Lebanon, PA 17042

    Let Your Tenants Pay the Mortgage!Seller assist available and Seller Financing available! This turnkey 4-unit property offers the best of both worlds: a stunning owner’s residence plus steady long-term rental income.The home is spread across the 2nd and 3rd floors, the residential unit is an expansive 3,000 sq. ft., 4-bedroom, 3-bath home featuring all original hardwood floors, two

    Timothy Shreiner Berkshire Hathaway HomeServices Homesale Realty

    4 S 4th St, Lebanon, PA 17042
  • /14

    $324,900

    • Studio
    • 2,470 Sq Ft

    928 Lehman St, Lebanon, PA 17046

    This beautifully remodeled brick duplex presents an exceptional opportunity for investors. The first-floor unit features a modern 2-bedroom layout with an updated kitchen and bathroom. It also offers convenient access to the basement and a private rear patio, ideal for relaxing or entertaining guests.On the second floor, the spacious 4-bedroom unit includes a well-equipped kitchen and a

    John MacDonald Core Partners Realty LLC

    928 Lehman St, Lebanon, PA 17046

Why Live in Lebanon

Lebanon, Pennsylvania, is a small city in rural Pennsylvania Dutch country with a population of approximately 26,000. Founded in 1740, Lebanon has a rich history and is known for its quiet, peaceful atmosphere despite recent development. The city is home to WellSpan Good Samaritan Hospital, its largest employer, and is located 15 miles south of Fort Indiantown Gap, a major National Guard Training Center. Lebanon features a mix of late 19th-century and early 20th-century rowhomes in its downtown area, known for its walkability and historical charm. The suburban edges offer single-family homes ranging from mid-1900s ranch-style houses to new construction developments. The median home price is around $200,000, which is lower than the state median. Coleman Memorial Park, spanning 99 acres, is a local highlight with walking trails, playgrounds, ballfields, and summer concerts. The Lebanon Valley Rail Trail offers outdoor recreation along former railroad corridors, with plans for expansion. Downtown Lebanon hosts local businesses and the Lebanon Farmers Market, open Thursdays through Saturdays, providing fresh, farm-to-table goods. The city is famous for Lebanon bologna, celebrated with an annual New Year’s Eve bologna drop. Lebanon has decreasing crime rates, with violent crime well below national figures and property crime rates on par with national averages. U.S. Route 422 connects Lebanon to Harrisburg, Reading, Lancaster, and other nearby cities. Hersheypark and Mount Gretna are popular attractions within 15 miles. Lebanon experiences four temperate seasons, with mild flooding risks during heavy rainfall.

Home Trends in Lebanon, PA

Housing Trends

Median Sale Price
$327,884
Median Single Family Sale Price
$360,000
Median Townhouse Sale Price
$300,000
Median 2 Bedroom Sale Price
$464,000
Median 1 Bedroom Sale Price
$402,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
197
Last 12 months Home Sales
529
Months of Supply
4.50
Median List Price
$370,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%
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