360 E Lehman St
Lebanon, PA
PUBLIC AUCTION
Thursday, May 21, 2026 At 5:00 PM
This six unit is a great investment opportunity. Property is in a good location and has a nice floor plan.
East Side Lebanon 6 Unit w/2 Bay Shop/Garage. 5 Units are 1 Bedroom, 1 Unit is a 2 Bedroom. 5 Units are Month to Month Leases, 1 Unit is a Yearly Lease. 3 Units are on the Main Floor, 2 Units are on the 2nd Floor, 1 Unit on the 3rd Floor. Coin Operated Laundry in Shop is available for Tenants, the 3rd-Floor Apartment has its own Laundry. All Units have Natural Gas Heat & Electric Baseboard. All Appliances convey w/ the property. 24×32 Detached 2 Bay Shop/Garage w/ Elec/Heat/Water.
Rental Income for the Apartments: $4,200 per month. Shed: $200 per month, Laundry: approx. $100 per month. Gross Yearly Income: $54,000. Yearly Expenses: $17,111.* Landlord pays taxes, insurance, gas, trash, water & sewer, and electric for the shop. Landlord sets natural gas heat to 60°. Each unit has its own meter, so the Tenant uses their electric baseboard heat as needed and pays their own electric. Lebanon Schools, City of Lebanon, Zoning: Residential Medium Density, Taxes: $7,698.
*See Brochure for list of Income/Expenses.
NOTE: A nice converted 6-Unit Brick Apartment Building w/ 4 Off-Street Parking Spaces and plenty of On-Street Parking. All units are occupied w/ some long-term tenants & modest rents. A very desirable rental unit to add to your investment portfolio.
OPEN HOUSE: Saturday, May 9, from 1-3 PM, 2 hours before auction, or by appointment (call Joel at 717-383-5606).
TERMS: 10% Down at Auction, Balance in 45 Days.
Auction For: DTS Rentals Inc.
Attorney: Gibson Law Group (717) 279-8313
INFORMATION BELIEVED TO BE ACCURATE BUT NOT GUARANTEED
Joel Heisey Auctioneer
L&H Auctions Inc.
717-383-5606