$300,000
SOLD APR 1, 2025

40 N Chestnut St Palmyra, PA 17078

-- Bed
-- Bath
3,104 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

14% Below List Price

52 Days on Market

Highlights

  • City View
  • Traditional Floor Plan
  • Attic
  • Palmyra Area Senior High School Rated 9+
  • Traditional Architecture
  • 3 Car Detached Garage

About This Home

As of April 2025

Investment Opportunity in Palmyra! This multi-unit property offers a fantastic opportunity for investors. Located in the Borough of Palmyra, this property features. Three Units: Two 1-bedroom units and One 3-bedroom unit. Detached 3-Car Garage provides additional rental income and ample storage space. On-Street and Off-Street Parking convenient for residents and guests. This property presents a solid investment with potential for significant returns.

Last Agent to Sell the Property

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L Listed on: 01/22/2025

RE/MAX Pinnacle

Last Buyer's Agent

Melody Kiene

(717) 269-8864 melodykiene@gmail.com Iron Valley Real Estate License #RS207279l

Iron Valley Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,199

Year Built

  • Built in 1947

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot
  • Property is in good condition

Parking

  • 3 Car Detached Garage
  • 3 Off-Street Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Gravel Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Block Foundation
  • Plaster Walls
  • Frame Construction
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 3,104 Sq Ft Home
  • Traditional Floor Plan
  • City Views
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Palmyra Area Middle School
  • Palmyra Area High School

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Suburban Location

Listing and Financial Details

  • The owner pays for heat, water, sewer, snow removal, lawn/shrub care
  • Assessor Parcel Number 16-2290563-357600-0000

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Net Operating Income $18,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,199

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: 42 N Chestnut (3 Bedroom) Washer, Dryer, Refrigerator, Stove and portable microwave
  • Historic: No
  • New Construction: No
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Carpet, Floor Plan - Traditional
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Interior Access, Unfinished
  • Total Sq Ft: 3104
  • Living Area Sq Ft: 3104
  • Price Per Sq Ft: 112.76
  • Above Grade Finished Sq Ft: 3104
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Metal Siding
  • Road Surface Type: Paved
  • Roof: Shingle
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Crushed Stone
  • Garage Features: Additional Storage Area, Garage - Front Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Off Street, On Street
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Natural Gas Available
  • Water Previous Twelve Months: 2496.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PALMYRA AREA
  • Middle Or Junior School: PALMYRA AREA

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL
  • Zoning Description: Residential

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Heat, Water, Sewer, Snow Removal, Lawn/Shrub Care
  • Rent Control: No
  • Total Actual Rent: 32760.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 2737.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4199.00
  • Assessor Parcel Number: 16-2290563-357600-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025

Multi Family

  • Gross Income: 32760.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: PALMYRA AREA

Range of Values:

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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2025 04/01/25 Sold $300,000 -14.3% $97 / Sq Ft
03/15/2025 03/15/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $350,000 0.0% $113 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $350,000 -6.7% $113 / Sq Ft
01/22/2025 01/22/25 For Sale $375,000 -- $121 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Fox

    Seller's Agent in 2025

    Robert Fox

    RE/MAX

    (717) 579-2434

    7 in this area

    62 Total Sales

    Robert Fox
    Section Image
  • Melody Kiene

    Buyer's Agent in 2025

    Melody Kiene

    Iron Valley Real Estate

    (717) 269-8864

    28 in this area

    287 Total Sales

    Melody Kiene
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN2018486

Bright MLS

APN: 16-2290574-357586-0000

Pennsylvania Lebanon County Palmyra 17078

40 N Chestnut St, Palmyra, PA

Sold

MultiFamily

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