Last Sold Price
3,021 sqft$142/sqft
127 Schoolhouse Rd, Palmyra, PA 17078

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. All units are currently occupied & 2 are yearly w/ 1 unit month-to-month lease. Annual gross rent of $52,800. Don't miss out on this high-potential investment property! New mini split installed 2/11/25 in Unit 3
Unit 1 -4 BR 2 BATH, unit 2 -2 BR 1 BATH, unit 1 3- BR 2 BATH all units have washers and dryers.
LISTING CLOSED: 05/06/2025 12:00 AM

  1. Listed by Curvin Horning • Kingsway Realty - Ephrata
    P: (717) 606-2226 curvin@curvinhorning.com

Property Details for 127 Schoolhouse Road

Status
MLS #
PALN2018142
Days on Market
100
Taxes
$3,808 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Fee Simple
Year Built
1930
Lot Size
0.26 AC / 11,326 SF
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
Central Air
No
Basement
Yes
Above Grade Finished SQFT
3,021.00
Above Grade Fin SQFT Source
Assessor
Below Grade Finished SQFT
.00
Below Grade Fin SQFT Source
Assessor
Total Below Grade SQFT
.00
Total Below Grade SQFT Source
Assessor
New Construction
No

Location

Listing Courtesy of Kingsway Realty - Ephrata

Sold By Kingsway Realty - Ephrata

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Building Information for 127 Schoolhouse Road

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

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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: 2025
  • Tax Assessed Value: $159,500
  • Year Assessed: 2025
  • 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
  • TaxDataUpdatedYN: No
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
May 6, 2025

Closed (Public Record)

Public Record #1557140797

$430,000

+18.5% / yr

May 6, 2025

Closed

BRIGHT #PALN2018142

$430,000
Mar 31, 2025

Pending

BRIGHT #PALN2018142

DateEvent & SourcePrice
05/06/2025

Closed (Public Record)

Public Record #1557140797

$430,000

+18.5% / yr

05/06/2025

Closed

BRIGHT #PALN2018142

$430,000
03/31/2025

Pending

BRIGHT #PALN2018142

For completeness, we 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 Record2026$4,000 ($333 / 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 127 Schoolhouse Road, Palmyra, PA 17078
$430,000
3,021
11,326
$121,000
4
1,200
13,068
2
2,394
21,780
$120,000
2
1
1,248
16,117
$135,000
3
1,872
10,890
$205,000
3
1,272
10,890

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kingsway Realty - Ephrata

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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.