40-42 North Chestnut Street

Palmyra, PA 17078

$350,000
Price
5
Beds
3
Baths
3,104 Sq. Ft.
$113 / Sq. Ft.
3,104
Sq. Ft.
$113
per Sq. Ft.

Description

Investment Opportunity in Palmyra! This multi-unit property offers a fantastic opportunity for investors. Located in the Borough of Palmyra, this property features. Three Units: Two 1-bedroom units and One 3-bedroom unit. Detached 3-Car Garage provides additional rental income and ample storage space. On-Street and Off-Street Parking convenient for residents and guests. This property presents a solid investment with potential for significant returns.Investment Opportunity in Palmyra! This multi-unit property offers a fantastic opportunity for investors. Located in the Borough of Palmyra, this property features. Three Units: Two 1-bedroom units and One 3-bedroom unit. Detached 3-Car Garage provides additional rental income and ample storage space. On-Street and Off-Street Parking convenient for residents and guests. This property presents a solid investment with potential for significant returns.
  1. Listed by Robert D Fox • RE/MAX Pinnacle
    P: (717)-579-2434 bobfox@remax.net

Property Details for 40-42 North Chestnut Street

Tax ID Number
16-2290563-357600-0000
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Views
City
Garage
Yes
Municipality
PALMYRA BORO
LISTING UPDATED: 02/20/2025 03:47 PM

Property Details for 40-42 North Chestnut Street

StatusActive
MLS #PALN2018486
Days on Market34
Taxes$4,019 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1947
Lot Size0.21 AC / 9,148 SF
CountyLebanon County

Building Information for 40-42 North Chestnut Street

Stories-Residences3Year Built1947Building Size-Lot Size0.21 AC / 9,148 SF

Property Information for 40-42 North Chestnut Street

Location
Location
  • Transportation: Bus Stop less than 1 mile
  • School District Name: PALMYRA AREA
  • School District County ID: 300200397383
  • SchoolDistrictSource: Listing Agent
  • Middle Or Junior School: PALMYRA AREA (LEBANON PA)
  • MiddleSchoolSource: Listing Agent
  • High School: PALMYRA AREA (LEBANON PA)
  • HighSchoolSource: Listing Agent
  • County: LEBANON
  • MLS Area: Palmyra Boro (13216)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $150,800
  • Year Assessed: 2024
  • County Tax: $662
  • Improvement Assessed Value: $125,000
  • City Town Tax: $619
  • Land Assessed Value: $25,800
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 102
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RESIDENTIAL
  • Zoning Dscrp: Residential
  • School Tax: $2,737
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Water, Sewer, Snow Removal, Lawn/Shrub Care
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 3
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Units Furnished: None
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 6
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 3
  • Type: Unit 4
  • Beds Total: 0
  • Half Baths Count: 0
  • Full Baths Count: 0
  • Unit Type Features: Detached Garage
  • Total Rooms: 0
Unit 4
  • Type: Unit 5
  • Beds Total: 0
  • Half Baths Count: 0
  • Full Baths Count: 0
  • Unit Type Features: Detached Garage
  • Total Rooms: 0
Unit 5
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 6
  • Type: Unit 6
  • Level: 0
  • Beds Total: 0
  • Half Baths Count: 0
  • Full Baths Count: 0
  • Unit Type Features: Detached Garage
  • Total Rooms: 0
Financial Information
Expenses
  • Water Avg Month: $208
  • Water Prev 12 Months: $2,496
  • Gas Avg Month: $139
  • Gas Prev 12 Months: $1,668
Financial Information
  • Gross Income: $32,760
  • Net Operating Income: $18,563
  • Annual Rental Income: $32,760
  • Income Includes: Apartment Rentals, Other
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Features: Level
  • Road Surface Type: Paved
  • Road Responsibility: Boro/Township
  • Location Type: Suburban
  • Parcel ID: 10319748
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Detached Garage, Off Street, On Street
  • Num of Detached Garage Spaces: 3
  • Total Garage Spaces: 3
  • Off Street - # of Spaces: 3
  • Parking Features: Crushed Stone
  • Garage Features: Additional Storage Area, Garage - Front Entry
Interior Features
Interior Features
  • Interior Features: Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Carpet, Floor Plan - Traditional
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV, Natural Gas Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Harrisburg Association of REALTORS
  • List Agent URL: www.bobfoxrealty.com

Property History for 40-42 North Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 40-42 North Chestnut Street

This home is within Palmyra Area School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Northside El School
Public1 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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40-42 North Chestnut Street is a multi-family home for sale in Palmyra, PA 17078. This property was listed for sale on January 22, 2025 by RE/MAX Pinnacle, it's currently listed at $350,000. This listing's school district is Palmyra Area School District. Nearby schools include Northside El School, Palmyra Area Middle School and Palmyra Area Senior High School. 40-42 North Chestnut Street is a 5-bed, 3-bath, 3,104 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Pinnacle

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.