Excellent investment opportunity with 2 buildings on one parcel

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 lt 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 soon and will be taking this property off the market once they begin construction. So don't delay, schedule your appointment to view today!

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on 754 N Railroad St
in Palmyra, PA
Presented by Jason Shay at
Iron Valley Real Estate.


Property MLS #PALN2011710 from BrightMLS

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+ Bedrooms

Bedrooms: 3

+ Heating and Cooling

Cooling Features: Central A/C, Window Unit(s)
Heating Features: Forced Air
Heating: Yes

+ Land Info

Lot Size Acres: 0.3
Lot Size Square Feet: 13068

+ Garage and Parking

Parking Features: Off Street, Parking Lot

+ Multi-Unit Info

Number of Units: 2
Number of 3 Bedroom Units: 1

+ School Information

School District: PALMYRA AREA
+ Display Complete School Details

Palmyra Area Senior High School is a public high school located approximately 1.7 miles away.
Map directions

Northside El School is a public elementary school located approximately 0.4 miles away.
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Palmyra Area Middle School is a public middle school located approximately 1 miles away.
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Bright Beginnings Preschool is a private elementary, middle and high school located approximately 1 miles away.
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+ Other Property Info

Annual Tax Amount: 3376.0
Source Listing Status: Pending
County: LEBANON
Source Property Type: Multi-Family
Area: LEBANON
Source Neighborhood: LEBANON
Postal Code Plus 4: 1128
Township: PALMYRA BORO
Property Subtype: Duplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$75500 + $30400 $105900	$2371
2020	$75500 + $30400 $105900	$2341
2019	$75500 + $30400 $105900	$2290
2018	$75500 + $30400 $105900	$2218
2016	$75500 + $30400 $105900	$2082
2015	$75500 + $30400 $105900	$1897
2014	$75500 + $30400 $105900	$1861
2013	$75500 + $30400 $105900	$488
2012	$9300 + $700 $10000	$370
2011	$9300 + $700 $10000	$370
2010	$9300 + $700 $10000	$1293

+ Reveal Property Sale History

Relisted 2024-04-13
$270000
BrightMLS

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Listing removed 2024-03-31
$0
BrightMLS

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Listed 2023-09-20
$270000
BrightMLS

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Sold 2015-10-01
$68000
BrightMLS

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Listing removed 2015-07-30
$68000
Keystone

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Listed 2015-07-29
$68000
BrightMLS

+ Building and Construction

Total Square Feet Living: 2600
Year Built: 1935
Construction Materials: Vinyl Siding
Property Age: 89
Structure Type: Detached
House Style: Cape Cod, Ranch/Rambler
Architectural Style: Detached

+ Accessibility Features

2+ Access Exits