236 W Market St - Multi-Family FOR SALE


Jonestown, PA 17038
$1,191,990 USD
717-769-2986
236 W Market St, Jonestown, PA for Sale
$1,191,990 USD
Multi-Family - FOR SALE
1/82
null | 10% Cap Rate

236 W Market St
Jonestown, PA 17038


HIGHLIGHTS

  • 8 residential apartments
  • 8 storage units
  • Full walk-out basement provides room for expansion

OVERVIEW

Exceptional investment opportunity in the heart of Jonestown! This impressive former warehouse has been thoughtfully transformed into a well-maintained, income-producing mixed-use property featuring 8 residential apartments, 8 storage units, and a full walk-out basement with outstanding potential for future expansion. Whether you're looking to grow your portfolio or add a high-performing asset, this property offers immediate cash flow with room to increase revenue. The residential portion consists of eight spacious apartments, including two 3-bedroom, 2-bath units, four 2-bedroom, 2-bath units, and two 2-bedroom, 1-bath units. Seven of the eight apartments have been beautifully renovated with modern finishes including luxury vinyl plank flooring, custom cabinetry, granite countertops, stainless steel appliances, recessed lighting, and updated kitchens and bathrooms. Apartment 8 presents an excellent value-add opportunity as the only unit awaiting a full renovation. Entire building is equipped with secure keypad entry, a sprinkler system for safety and peace of mind and each unit has it's own furnace and hot water heater. Residents enjoy the convenience of a common-area coin-operated laundry facility, while the property also includes 8 storage units, with two currently leased for additional monthly income. The expansive full walk-out basement offers tremendous potential to create additional storage units, warehouse space, or other income-producing uses, subject to any necessary approvals. The property currently generates $11,700 in gross monthly income. Tenants pay their own heat and electric, keeping operating expenses lower for the owner. The owner is responsible for water, sewer, trash, insurance, real estate taxes, and the common-area electric meter. Ideally located just minutes from Interstate 81, this property provides convenient access to Harrisburg, Lebanon, Hershey, and surrounding employment centers, making it an attractive rental location. With strong existing income, quality renovations, and significant upside potential, this is a rare opportunity to own a turnkey multifamily investment with room for future growth.

FOR SALE DETAILS

PRICE

$1,191,990 USD

PRICE/SF

$91 USD /SF

# OF UNITS

8

PRICE/UNIT

$148,999

CAP RATE

10%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

236 W Market St Jonestown, PA

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

319

APN/PARCEL ID

13-2321069-395793-0000

ASK ABOUT THIS PROPERTY

Jocelyn ShayIron Valley Real Estate - The Jocelyn Shay TeamMore Info
717-769-2986

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Jocelyn ShayIron Valley Real Estate - The Jocelyn Shay TeamMore Info
717-769-2986

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.