For sale

Price cut: $10K (3/10)

$399,900

513 Chestnut St, Lebanon, PA 17042

8beds

4baths

4,510sqft

Est.:

Townhouse

Built in 1939

-- sqft lot

$395,200 Zestimate^®

$89/sqft

$-- HOA

What's special

New roofAdditional off-street parking spacesGenerous layout

Well-maintained and fully rented duplex in Lebanon City! This clean, income-producing property features two spacious apartments with approximately 2,000 square feet each, offering a total of 4 bedrooms. The generous layout makes each unit ideal for large families seeking ample living space. Recent improvements include a new roof, providing peace of mind for the next owner. Each unit is well cared for and tenant-occupied, making this a turnkey investment opportunity. The property also includes a 3-bay garage plus additional off-street parking spaces, all of which offer extra rental income potential. Convenient location close to downtown Lebanon, shopping, and major routes. A solid addition to any investor’s portfolio! Investment Opportunity – Fully Rented 2-Unit Property Unit 1: $1,600/month Unit 2: $1,700/month Garage: $300/month Parking spaces: $180/month Total Annual income: $43,200

45 days

879

16

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Basement

Area: 0

Heating

Forced Air, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Gas Water Heater

Features

Has fireplace: No

Interior area

Total structure area: 4,510
Total interior livable area: 4,510 sqft

Property

Parking

Total spaces: 12
Parking features: Garage Faces Rear, Driveway, Detached, Off Street, Parking Lot
Garage spaces: 3
Uncovered spaces: 3

Accessibility

Accessibility features: Other

Features

Pool features: None

Lot

Size: 5,663 Square Feet
Features: Downtown

Details

Additional structures: Above Grade, Below Grade
Parcel number: 0123392583690300000
Zoning: RESIDENTIAL
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Townhouse

Materials

Masonry, Brick
Foundation: Stone
Roof: Rubber,Shingle

Condition

New construction: No
Year built: 1939

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

Location

Region: Lebanon
Municipality: LEBANON CITY

Financial & listing details

Price per square foot: $89/sqft
Tax assessed value: $190,300
Annual tax amount: $6,257
Date on market: 2/16/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Ownership: Fee Simple

Estimated market value

$395,200

$375,000 - $415,000

$1,178/mo

Price history

Date	Event	Price
3/10/2026	Price change	$399,900-2.4%$89/sqft
Source: Bright MLS #PALN2024390 Report a problem
2/16/2026	Listed for sale	$409,900+3%$91/sqft
Source: Bright MLS #PALN2024390 Report a problem
11/21/2025	Listing removed	--
Source: Owner Report a problem
10/26/2025	Price change	$397,900-5%$88/sqft
Source: Owner Report a problem
9/17/2025	Listed for sale	$419,000+153.9%$93/sqft
Source: Owner Report a problem
7/22/2021	Sold	$165,000$37/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,043 +2.5%	$190,300 +0.9%
2023	$5,894 +1.8%	$188,600
2022	$5,789 +5.2%	$188,600
2021	$5,500	$188,600
2020	$5,500 +270.4%	$188,600
2019	$1,485 -62.3%	$188,600
2018	$3,936 +4.1%	$188,600
2017	$3,780 +7.3%	$188,600
2016	$3,521	$188,600
2015	$3,521	$188,600