127 Schoolhouse Road

Palmyra, PA 17078

$539,000
Price
Beds
3,021 Sq. Ft.
$178 / Sq. Ft.
3,021
Sq. Ft.
$178
per Sq. Ft.

Description

Attention Investors! An incredible opportunity awaits with this 3,021 SF triplex in Palmyra! This property is thoughtfully designed with tenant convenience in mind - each unit has separate utilities, including electric, heat, and water. Tenants also enjoy off-street parking and a private backyard enclosed by a privacy fence. The current owner has added significant value with updates like a finished attic and storage room, creating even more livable space. Situated on a corner lot, this property is...Attention Investors! An incredible opportunity awaits with this 3,021 SF triplex in Palmyra! This property is thoughtfully designed with tenant convenience in mind - each unit has separate utilities, including electric, heat, and water. Tenants also enjoy off-street parking and a private backyard enclosed by a privacy fence. The current owner has added significant value with updates like a finished attic and storage room, creating even more livable space. Situated on a corner lot, this property is a fantastic way to kickstart your real estate investment journey or seamlessly expand your existing portfolio. Two units are currently occupied & on month-to-month leases, and the third unit is leased as of 1/1/25, totaling an annual gross rent of $52,800. Don't miss out on this high-potential investment property!
  1. Listed by Curvin Horning • Kingsway Realty - Ephrata
    P: (717)-606-2226 curvin@curvinhorning.com

Property Details for 127 Schoolhouse Road

Tax ID Number
31-2292573-345318-0000
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
SOUTH LONDONDERRY TWP
Total Parking Spaces
6
LISTING UPDATED: 12/23/2024 03:20 PM

Property Details for 127 Schoolhouse Road

StatusActive
MLS #PALN2018142
Days on Market10
Taxes$3,808 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.26 AC / 11,326 SF
CountyLebanon County

Building Information for 127 Schoolhouse Road

Stories-Residences3Year Built1930Building Size-Lot Size0.26 AC / 11,326 SF

Property Information for 127 Schoolhouse Road

Location
Location
  • School District Name: PALMYRA AREA
  • School District County ID: 300200397383
  • SchoolDistrictSource: Listing Agent
  • County: LEBANON
  • MLS Area: South Londonderry Twp (13231)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $159,500
  • Year Assessed: 2024
  • County Tax: $700
  • Improvement Assessed Value: $133,200
  • City Town Tax: $212
  • Land Assessed Value: $26,300
  • Zoning: RESIDENTIAL
  • School Tax: $2,895
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Insurance, Taxes - Personal property, Taxes - Real Estate
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 3
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: Rented 01/01/25.
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
Financial Information
Financial Information
  • Annual Rental Income: $52,800
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,021.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 10351315
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 6
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS
  • List Agent URL: curvinhorning.com

Property History for 127 Schoolhouse Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 127 Schoolhouse Road

Taxable ValueLand$26,300Additions$133,200Total$159,500
Tax Record2024$3,560 ($297 / month)
Home Facts
Baths3Total Finished SqFt3,021 SqFtAbove Grade Finished SqFt3,021 SqFtStories3Lot Size11,326 SqFtStyleTriplexYear Built1930CountyLEBANONAPN31-2292573-345318-0000

Schools near 127 Schoolhouse Road

This home is within Palmyra Area School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Lingle Avenue El School
PublicK to 5

Palmyra Area Middle School
Public6 to 8

Palmyra Area Senior High School
Public9 to 12

Pine Street El School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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127 Schoolhouse Road is a multi-family home for sale in Palmyra, PA 17078. This property was listed for sale on December 23, 2024 by Kingsway Realty - Ephrata, it's currently listed at $539,000. It has been on the market for a total of 10 days and was last sold on March 29, 2024. This listing's school district is Palmyra Area School District. Nearby schools include Lingle Avenue El School, Palmyra Area Middle School and Palmyra Area Senior High School. 127 Schoolhouse Road is a 0-bed, 0-bath, 3,021 sqft multi-family home built in 1930.

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Listing Courtesy of Kingsway Realty - Ephrata

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.