Listed By:
Iron Valley Real Estate
754 N Railroad Street, Palmyra, PA
$ 270,000
Property Attributes
  • MLS#PALN2011710
  • TypeMulti-Family
  • CountyLEBANON
  • CityPalmyra
  • AreaPalmyra Boro
  • Zip17078
  • StyleCape Cod,Ranch/Rambler
  • Year Built1935
  • Taxes$ 3376
  • Price$ 270,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.3 Acres
Data Source:
Bright MLS
Property Description

Excellent investment opportunity with 2 buildings on one parcel, very close to Hershey! The front building is approximately 700 sq ft and a 2 year commercial lease was signed with a hair salon on October 1st,2023. Rental income is $950/mo for the first 9 months and then it will automatically increase to 1,100 a month. There are 6 parking spots in the small lot with the salon. The back building is approximately 1800 sq ft and is set up with 7 suites, a laundry room, and a bathroom. That building is currently vacant due to lack of parking for the rear building to be able to accomodate most business types. The owners will be starting renovations to convert back into a single family residence very soon and will be taking this property off the market once they begin construction. So don't delay, schedule your appointment to view today!

Price History
9/19/2023 Listed $270,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C,Window Unit(s)
Possession Settlement,Subject to Existing Lease
Roof Metal
Zoning MU
Architectural Style Cape Cod,Ranch/Rambler
Construction Materials Vinyl Siding
Year Built 1935
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility 2+ Access Exits
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Directions Headed west on 422 at the square in Palmyra,turn right onto Railroad St. Property will be on the right hand side.
ModificationTimestamp 2024-05-20T17:37:52
Buyer Agent Compensation 2.5
Disclosures Prop Disclosure
Zoning Description Multi-Family-Mixed Use
Total Units 2
MLS Area Palmyra Boro (13216)
Lot Size Square Feet 13068.00
Tax Assessed Value 129200.0
Waterfront Y/N No
Street Name RAILROAD
Tax Annual Amount 3376.0
Structure Type Detached
Single Room Units Count 1
NumberOfUnitsVacant 1
Price Per Sq Ft Total 103.85
Vacation Rental Y/N No
Total SQFT 2600
Days on Market 230
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Electric
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N Yes
LivingAreaSource Estimated
Three Bedroom Units Count 1

Exterior Features

Pool No Pool
Water Source Public
Type of Parking Off Street,Parking Lot
Land Use Code 319
Foundation Details Permanent
Water View Y/N No
Lot Size Acres 0.30
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 51500.00
Navigable Water Y/N No
Water Oriented Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 17078

AVG $270K
AVG $3,376
AVG 222
Data Provided by Inside Real Estate®
Year Built
AVG 1935