Seller's Agent in 2025
Judah Hoover
Keller Williams of Central PA
(717) 330-6648
2 in this area
87 Total Sales
123 E Water St Middletown, PA 17057
--
Bed
--
Bath
1,460
Sq Ft
3,485
Sq Ft Lot
About This Home
As of September 2025Investor’s Dream! This well-maintained two-unit property in the heart of Middletown offers strong cash flow and long-term upside. Each unit is currently leased to excellent, long-term tenants on a month-to-month basis, providing flexibility for future owner-occupancy or rental increases.
The top and bottom units total 1,460 sq ft, with the upstairs unit renting for $775/month and the downstairs for $660/month—both well below market value with potential to increase by several hundred dollars each.
Each unit has separate electric and heat, and the property features natural gas hot water. Tenants take great care of the home, making this a low-maintenance, income-producing opportunity.
Whether you're looking to grow your rental portfolio or live in one unit and rent the other, this property offers versatility and value.
See MLS documents for copies of both leases. Don’t miss this opportunity—schedule your showing today!
Last Agent to Sell the Property
(717) 330-6648 thejudahhoover@gmail.com Keller Williams of Central PA License #RS333488 Listed on: 06/12/2025
Last Buyer's Agent
(717) 371-7616 hdmellinger@gmail.com Iron Valley Real Estate of Lancaster License #RS315276
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,682
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 1,460 Sq Ft Home
- Duplex
- Victorian Architecture
- Brick Exterior Construction
- Block Foundation
Schools
- Middletown Area
- Middletown Area High School
Utilities
- Electric Baseboard Heater
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- 2-Story Building
Listing and Financial Details
- Assessor Parcel Number 42-037-059-000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2025
Closed on
Sep 12, 2025
Sold by
Betack Michael E
Bought by
Dna Homes Llc
Seller's Agent
Judah Hoover
Keller Williams of Central PA
Buyer's Agent
Heather Mellinger
Iron Valley Real Estate of Lancaster
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Views
135
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$390
Avg. Annual Appreciation
-0.76%
Purchase Details
Closed on
May 26, 2006
Sold by
Chandler David
Bought by
Betack Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,200
Interest Rate
6.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 26, 2003
Sold by
Punt David E
Bought by
Chandler David P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
6.03%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $165,500 | Capitol Settlements | |
| Warranty Deed | $102,000 | -- | |
| Deed | $81,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $101,200 | New Conventional | |
| Previous Owner | $65,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $165,000 | -0.3% | $113 / Sq Ft |
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 08/28/2025 08/28/25 | Price Changed | $165,500 | -8.1% | $113 / Sq Ft |
| 08/18/2025 08/18/25 | Price Changed | $180,000 | -2.2% | $123 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $184,000 | -0.5% | $126 / Sq Ft |
| 06/12/2025 06/12/25 | For Sale | $185,000 | -- | $127 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,682 | $60,500 | $16,200 | $44,300 |
| 2024 | $2,536 | $60,500 | $16,200 | $44,300 |
| 2023 | $2,494 | $60,500 | $16,200 | $44,300 |
| 2022 | $2,403 | $60,500 | $16,200 | $44,300 |
| 2021 | $2,304 | $60,500 | $16,200 | $44,300 |
| 2020 | $2,250 | $60,500 | $16,200 | $44,300 |
| 2019 | $2,218 | $60,500 | $16,200 | $44,300 |
| 2018 | $2,097 | $60,500 | $16,200 | $44,300 |
| 2017 | $2,097 | $60,500 | $16,200 | $44,300 |
| 2016 | $0 | $60,500 | $16,200 | $44,300 |
| 2015 | -- | $60,500 | $16,200 | $44,300 |
| 2014 | -- | $60,500 | $16,200 | $44,300 |
Source: Public Records
Agents Affiliated with this Home
-
Judah Hoover
-
Heather Mellinger
Buyer's Agent in 2025
Heather Mellinger
Iron Valley Real Estate of Lancaster
(717) 371-7616
1 in this area
83 Total Sales
Map
Source: Bright MLS
MLS Number: PADA2046420
APN: 42-037-059
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