720 Lehman St Lebanon, PA 17046
Estimated payment $2,030/month
Highlights
- Traditional Architecture
- Hot Water Heating System
- 2-minute walk to Monument Park
About This Home
720 Lehman Street, Lebanon – Excellent income-producing 5-unit property in a desirable Lebanon neighborhood! This well-maintained building features four rented rooms that share a spacious, updated kitchen, plus one private 1-bedroom apartment with its own kitchen and living area. The property is in good condition and offers reliable rental income with strong upside potential. Conveniently located close to downtown Lebanon, shopping, and public transportation. Financials will be available soon — a great opportunity for investors seeking a solid, cash-flowing property in a growing area.
Listing Agent
(717) 259-3930 aglick@limehouserealty.com Lime House License #RS374368 Listed on: 10/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,160
Year Built
- Built in 1900
Lot Details
- 871 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Permanent Foundation
- Slate Roof
- Rubber Roof
Interior Spaces
- 1,914 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Lebanon Middle School
- Lebanon High School
Utilities
- Heating System Uses Oil
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 05-2338246-371553-0000
Community Details
Overview
- 4 Units
Building Details
- Trash Expense $360
- Net Operating Income $30,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,116 | $65,700 | $7,000 | $58,700 |
| 2024 | $2,017 | $65,700 | $7,000 | $58,700 |
| 2023 | $2,017 | $65,700 | $7,000 | $58,700 |
| 2022 | $1,984 | $65,700 | $7,000 | $58,700 |
| 2021 | $1,916 | $65,700 | $7,000 | $58,700 |
| 2020 | $1,916 | $65,700 | $7,000 | $58,700 |
| 2019 | $1,888 | $65,700 | $7,000 | $58,700 |
| 2018 | $1,834 | $65,700 | $7,000 | $58,700 |
| 2017 | $517 | $65,700 | $7,000 | $58,700 |
| 2016 | $1,785 | $65,700 | $7,000 | $58,700 |
| 2015 | $1,227 | $65,700 | $7,000 | $58,700 |
| 2014 | $1,227 | $65,700 | $7,000 | $58,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2025 10/14/25 | For Sale | $349,000 | -- | $182 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $100,000 | None Available | |
| Special Warranty Deed | $50,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $55,000 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: PALN2023310
APN: 05-2338246-371553-0000
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