Agent profile image in chat bubble
Agent profile image in chat header

IDX Support

sales rep | Brivity IDX

Agent profile image in message

216 Lehman St , Lebanon, PA 17046
$195,000
Est. Payment: $1,053.42/mo
3 Bed
2 Bath
1380 Sqft
0.04 Acres
Status: pending | Days on site: 8
Get Pre-Qualified
108056 - 3235283
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Looking for your first rental or a solid addition to your portfolio? 216 Lehman St is a fully occupied two-unit property with tenants already in place, so you collect rent from day one. The upper unit is a 2-bedroom rented at $950/month, and the lower unit is a 1-bedroom rented at $850/month, for $1,800/month and $21,600 a year in gross scheduled income. Each unit has its own gas meter, its own gas furnace, and its own gas water heater. Tenants pay their own heat and hot water, and you won’t have one system carrying two units or a shared gas bill to split. If something needs repair or replacement, it affects one unit instead of the whole building. The landlord covers water, sewer, and trash. Utility costs are predictable, and the bundled utilities make the units easier to rent and keep filled. Current rents sit at or below what similar units on Lehman Street are asking, which leaves room to raise rents as leases renew. With a 2-bed and a 1-bed under one roof, the property draws two different tenant pools, which helps limit vacancy risk. It’s also a straightforward setup for a new investor learning the landlord side, or a house-hacker who wants to live in one unit while the other helps pay the mortgage. Located in the city of Lebanon, close to downtown, shopping, and major routes toward Hershey, Harrisburg, and Lancaster. This is a great addition to your portfolio, or a great way to start one!

Highlights

Listed by Nathan Shelly , 7176065693 Keller Williams Elite , 7173672400. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

1910

County

Lebanon

Area

Lebanon City (13201)

School District

Lebanon

Listing ID

PALN2029014

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Built-In Range, Refrigerator
Above Ground Sq Ft:1380
Basement:Full
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:Residential 2 Family
Others:
  • ▪ Additional:Good
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,053
Taxes
$163

Home Price

$195,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$39,000
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:
$1,053.42

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,053.42 $163.25 $0.00 $1,216.67
Yearly $12,641.09 $1,959.00 $0.00 $14,600.09
Total $379,232.55 $58,770.00 $0.00 $438,002.55
Lender profile image
Chico Gordy
Test
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Nov 2026

Average Price

All Price Ranges
N/A
Nov 2026

Average Days on Market

All Price Ranges
N/A
Nov 2026
Market insight data is pulled from the same city as the listing being viewed (Lebanon, 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: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS