$1,000,000

408 Market St Lewisburg, PA 17837

Estimated payment $5,886/month

Total Views 17,808
7 Beds
6 Baths
7,134 Sq Ft
$140 Price per Sq Ft

Highlights

  • Electric Baseboard Heater
  • Kelly Elementary School Rated A
  • 4-minute walk to Hufnagle Park

About This Home

DOWNTOWN LEWISBURG PRIME INVESTMENT OPPORTUNITY! Commercial building with a 1st floor office/retail space and 4 fully leased apartments. Located in one of the most sought after blocks of the Lewisburg shopping district, this property offers an excellent location for your professional endeavor plus a lucrative addition to your investment portfolio. The 1st floor features a heat pump with central A/C, while the apartments have electric baseboard heat. Additional perks include off-street parking for 6 or more vehicles. For more details or to schedule a tour, contact Lise Barrick at 570-847-4775. SEE ALSO MLS# 20-99677

Listing Agent

Lise Barrick

RE/MAX BRIDGES License #AB066269 Listed on: 03/12/2025

RE/MAX BRIDGES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,254

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 7,134 Sq Ft Home
  • Brick Exterior Construction
  • Stone Foundation
  • Frame Construction
  • Rubber Roof
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 7 Bedrooms

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 008-015-175.00000

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • Water Sewer Expense $1,650
  • Gross Income $35,566
  • Net Operating Income $35,566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,254

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Directions: From Route 15, east on Route 45 (Market Street), property in the 400 block across from The Campus Theatre
  • Prop. Type: ResidentialIncome
  • Roof Type Year Roof Year: UNKNOWN
  • Services Utilities Heat2: Electric Baseboard
  • Services Utilities Heating: Heat Pump
  • Services Utilities Water: Public
  • Year Built: 1900
  • Details Seller Finance: No
  • Income And Expenses Gross Oper Income: 35566.0
  • Major Appliances Electric Meters: 5.0
  • Major Appliances Ranges: 4.0
  • Major Appliances Refrigerators: 4.0
  • Major Appliances Water Heaters: 5.0
  • Services Utilities Road Type: Public
  • Services Utilities Total Parking Spaces: 6.0
  • Reso Property Sub Type: MultiFamily
  • MLS Status: Active
  • Subdivision Name: 0-None
  • Above Grade Finished Sq Ft: 7134.0
  • Architectural Style: Apartment Building
  • Garage Yn: No
  • General Property Description:Basement: Full
  • Exterior Finish Vinyl: Yes
  • ServicesUtilities Sewer2: Public
  • Construction Brick: Yes
  • BasementFoundation Outside Entrance: Yes
  • Amenities Cable2: Yes
  • BasementFoundation Stone: Yes
  • Roof TypeYear Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Outside Entrance, Stone, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 7
  • BasementFoundation:Unfinished: Yes

Exterior Features

  • Acres: 0.12
  • Construction Type: Brick, Vinyl, Wood
  • Foundation Details: None
  • Reso Roof: Rubber
  • Construction:Frame: Yes
  • Exterior Finish Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: See Remarks
  • Total Parking Spaces: 6.0
  • General Property Description:Garage Stall2: See Remarks
  • General Property Description:Garage Type2: Off Street Parking

Utilities

  • Heating: Heat Pump
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Paved Streets, Street Lights, Cable

Fee Information

  • Annual Water Sewer Expense: 1650.0

Schools

  • Junior High Dist: Lewisburg

Lot Info

  • Zoning: D-C
  • Lot Dimensions: .12
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 008-015-175.00000

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 35566.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • New Taxes Expense: 7254.0
  • Tax Annual Amount: 7254.07
  • Tax Map Number: 3194/0307

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $7,254 $185,100 $8,100 $177,000
2024 $7,128 $185,100 $8,100 $177,000
2023 $6,951 $185,100 $8,100 $177,000
2022 $6,320 $172,900 $8,100 $164,800
2021 $6,226 $172,900 $8,100 $164,800
2020 $6,226 $172,900 $8,100 $164,800
2019 $6,174 $172,900 $8,100 $164,800
2018 $6,109 $172,900 $8,100 $164,800
2017 $6,109 $172,900 $8,100 $164,800
2016 $5,766 $172,900 $8,100 $164,800
2015 -- $172,900 $8,100 $164,800
2014 -- $172,900 $8,100 $164,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 For Sale $1,000,000 0.0% $140 / Sq Ft
01/10/2025 01/10/25 For Rent $1,925 -- --
Source: Central Susquehanna Valley Board of REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $638,684 Fidelity Nat L Title Ins Co
Special Warranty Deed $638,684 Fidelity National Ttl Ins Co
Deed $465,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $683,684 New Conventional
Previous Owner $360,000 Commercial
Previous Owner $265,000 Commercial
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Central Susquehanna Valley Board of REALTORS® MLS

MLS Number: 20-99680

Central Susquehanna Valley Board of REALTORS® MLS

APN: 008-015-175.00000