$204,000
$1K PRICE DROP

123 E Water St Middletown, PA 17057

Estimated payment $1,332/month

Total Views 6,198
Studio
-- Bath
1,460 Sq Ft
$140 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Attic
  • Traditional Floor Plan
  • Main Floor Bedroom
  • Bathtub with Shower

About This Home

Investors will love this open canvas to do as they please. You can rent it out as is, or you can renovate it to make it brand new and turn the attic into a second bedroom for the upstairs apartment, as the current owner intended. He started with a new roof, so you don't have to. The windows were replaced in the first- and second-floor living spaces. Each unit has its own separate electric, which includes heat, and the property has natural gas hot water. Each unit has outside space to sit and enjoy the outdoors. Last year, the 2nd-floor apartment was getting $800 a month, and the first-floor apartment was $840, as is. Come and do a few improvements to make this investment a real winner!

Listing Agent

Heather Mellinger

(717) 740-2221 contracts@ironvalleyrealestateoflancaster.com Iron Valley Real Estate of Lancaster Brokerage Phone: 7177402221 License #RS315276 Listed on: 04/23/2026

Iron Valley Real Estate of Lancaster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,789

Year Built

  • Built in 1900

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Architectural Shingle Roof

Interior Spaces

  • 1,460 Sq Ft Home
  • Traditional Floor Plan
  • Partial Basement
  • Stove
  • Attic

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower

Schools

  • Middletown Area High School

Utilities

  • Radiant Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Level Entry For Accessibility
  • 3,485 Sq Ft Lot

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Assessor Parcel Number 42-037-059-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,789

Year Built

Built in 1900

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: All appliances on premises
  • New Construction: No
  • Year Built: 1900
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Hardwood, Vinyl
  • Interior Amenities: Attic, Bathroom - Tub Shower, Entry Level Bedroom, Floor Plan - Traditional, Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1460
  • Living Area Sq Ft: 1460
  • Price Per Sq Ft: 139.73
  • Above Grade Finished Sq Ft: 1460
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: 3rd Party
  • High School: MIDDLETOWN AREA HIGH SCHOOL

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Zoning: R-3

Rental Info

  • Existing Lease Type: None
  • Ground Rent Exists: No
  • Owner Pays: Advertising/Licenses And Permits, Gas, Insurance, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1557.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2789.00
  • Assessor Parcel Number: 42-037-059-000-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: MIDDLETOWN AREA

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,789 $60,500 $16,200 $44,300
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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2026 05/15/26 Price Changed $204,000 -0.5% $140 / Sq Ft
04/23/2026 04/23/26 For Sale $205,000 +24.2% $140 / Sq Ft
09/12/2025 09/12/25 Sold $165,000 -0.3% $113 / Sq Ft View Prior Sale
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $165,500 Capitol Settlements
Warranty Deed $102,000 --
Deed $81,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $101,200 New Conventional
Previous Owner $65,200 New Conventional
Source: Public Records

Source: Bright MLS

MLS Number: PADA2059144

Bright MLS

APN: 42-037-059

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