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236 W Market St - 236 W Market St Jonestown, PA 8 Unit Apartment Building Offered at $1,191,990 at a 10% Cap Rate Jonestown, PA 17038
Investment Highlights
- 8 residential apartments
- Full walk-out basement provides room for expansion
- 8 storage units
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Bicycle Storage
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,800 | - |
| 2+2 | 4 | $1,425 | - |
| 2+1 | 2 | $1,150 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-2321069-395793-0000 | Total Assessment | $473,500 (2026) |
| Land Assessment | $39,200 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $434,300 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
13-2321069-395793-0000
Land Assessment
$39,200 (2026)
Improvements Assessment
$434,300 (2026)
Total Assessment
$473,500 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
236 W Market St - 236 W Market St Jonestown, PA