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Off market
  • $518,000

    201 E Cherry St, Palmyra, PA 17078

    --beds
    0baths
    3,840sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $518,000 Zestimate®
    $135/sqft
    $1,168 Estimated rent

    Home value

    $518,000

    $456,000 - $591,000

    $1,168/mo

    Zestimate® history
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    $1,168/mo

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    $1,168/mo

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    $3,337/mo

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    $3,337/mo

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    What's special

    Exceptional opportunity to own a 4 unit investment property in a residential neighborhood in Palmyra, Lebanon County with off street parking and garages for added income. This 3840 sq.ft 2-story building offers two 1 bedroom units and two 2 bedroom units. Extremely well maintained apartment for low maintenance ownership. Newer windows, Aluminum wrapped windows and soffit, and teak porches. Tenants maintain lawn and hedges. You will not find nicer units in the area. Ample parking, huge yard, solid wood flooring, updated kitchens and bathrooms, and very large units make this building stand out. Units are below market due to good, long-term tenants. Potential to raise rents without additional upgrades. All units occupied... Net income. $26,494 Gross income $40,560. See Docs attached for cost break down. Potential for rent increase. 24 hr notice for showings. Please follow CDC guidelines, wear a mask, practice social distancing, and limit the number of people at showing appointment.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other
    Cooling
    • None
    Interior area
    • Total interior livable area: 3,840 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Detached
    Accessibility
    • Accessibility features: Other
    Features
    • Exterior features: Other
    Lot
    • Size: 0.37 Acres
    Details
    • Parcel number: 1622913043572100000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Palmyra
    • Municipality: PALMYRA BORO

    Other

    Other facts
    • GarageYN: true
    • HeatingYN: true
    • StructureType: Detached
    • NumberOfUnitsTotal: 4
    • ConstructionMaterials: Aluminum Siding
    • ArchitecturalStyle: Traditional
    • SpecialListingConditions: Standard
    • Heating: Hot Water
    • CoveredSpaces: 3
    • ParkingFeatures: Other, Detached Garage
    • AccessibilityFeatures: Other
    • MlsStatus: Active
    • Municipality: PALMYRA BORO
    • TaxAnnualAmount: 4891.0

    Price history

    DateEventPrice
    12/31/2020Sold$315,000-6%$82/sqft
    Source: Public Record Report a problem
    12/12/2020Pending sale$335,000$87/sqft
    Source: RE/MAX Cornerstone #PALN116446 Report a problem
    10/23/2020Listed for sale$335,000+59.5%$87/sqft
    Source: RE/MAX Cornerstone #PALN116446 Report a problem
    1/9/2018Sold$210,000$55/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,244 +5.9%$218,500
    2024$5,895 +3.2%$218,500
    2023$5,711 +6%$218,500
    2022$5,389 +10.2%$218,500
    2021$4,891 +1.3%$218,500
    2020$4,829 +229.8%$218,500
    2019$1,465 -55.3%$218,500
    2018$3,274 $218,500
    2017-- $218,500
    2016-- $218,500
    2015-- $218,500
    2014-- $218,500 +897.7%
    2012-- $21,900
    2011-- $21,900
    2010-- $21,900
    2009-- $21,900
    2007-- $21,900
    2006-- $21,900

    Find assessor info on the county website

    Neighborhood: 17078

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: PALMYRA AREA

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $518,000
    2% more
    +$10,360
    With Zillow Showcase(estimated)
    $528,360