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sales rep | Brivity IDX

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236 W Market St , Jonestown, PA 17038
$1,300,000
Est. Payment: $7,022.83/mo
12672 Sqft
0.3 Acres
Status: active | Days on site: 93
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108 - 3234905,3324606
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House Description

Exceptional investment opportunity in the heart of Jonestown! This impressive former warehouse has been thoughtfully transformed into a well-maintained, income-producing mixed-use property featuring 8 residential apartments, 8 storage units, and a full walk-out basement with outstanding potential for future expansion. Whether you're looking to grow your portfolio or add a high-performing asset, this property offers immediate cash flow with room to increase revenue. The residential portion consists of eight spacious apartments, including two 3-bedroom, 2-bath units, four 2-bedroom, 2-bath units, and two 2-bedroom, 1-bath units. Seven of the eight apartments have been beautifully renovated with modern finishes including luxury vinyl plank flooring, custom cabinetry, granite countertops, stainless steel appliances, recessed lighting, and updated kitchens and bathrooms. Apartment 8 presents an excellent value-add opportunity as the only unit awaiting a full renovation. Entire building is equipped with secure keypad entry, a sprinkler system for safety and peace of mind and each unit has it's own furnace and hot water heater. Residents enjoy the convenience of a common-area coin-operated laundry facility, while the property also includes 8 storage units, with two currently leased for additional monthly income. The expansive full walk-out basement offers tremendous potential to create additional storage units, warehouse space, or other income-producing uses, subject to any necessary approvals. The property currently generates $11,700 in gross monthly income. Tenants pay their own heat and electric, keeping operating expenses lower for the owner. The owner is responsible for water, sewer, trash, insurance, real estate taxes, and the common-area electric meter. Ideally located just minutes from Interstate 81, this property provides convenient access to Harrisburg, Lebanon, Hershey, and surrounding employment centers, making it an attractive rental location. With strong existing income, quality renovations, and significant upside potential, this is a rare opportunity to own a turnkey multifamily investment with room for future growth.

Highlights

Listed by Jocelyn Shay , 7176797981 and Jason Shay , 7175074377 Iron Valley Real Estate , 7177692986. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.3

Year Built

1950

County

Lebanon

Area

Jonestown Boro (13213)

School District

Northern Lebanon

Listing ID

PALN2027726

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Interior Features

Air Cond:Ductless/Mini-Split,Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:20
Zoning:Commercial - Mixed Use
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$7,023
Taxes
$985

Home Price

$1,300,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$260,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,022.83

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,022.83 $985.08 $0.00 $8,007.91
Yearly $84,273.90 $11,821.00 $0.00 $96,094.90
Total $2,528,217.01 $354,630.00 $0.00 $2,882,847.01
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Jonestown, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS