Bought with John MacDonald • Core Partners Realty
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Key Details
Sold Price $362,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $113
MLS Listing ID PADA2048820
Sold Date 04/02/26
Style Traditional
Abv Grd Liv Area 3,186
Year Built 1900
Annual Tax Amount $3,179
Tax Year 2025
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Investor Alert! High Cash Flow + Strong ROI - Welcome to 219 South Union Street in Middletown - a fully improved mixed-use, multi-unit property offering impressive income and strong long-term upside! Featuring 1 commercial unit and 3 residential apartments, all separately metered and recently updated, this is a turn-key investment opportunity in a desirable downtown location. Income Breakdown:
Commercial Unit: $1,195/mo, 1BR/1BA Apartment: $1,195/mo projected rent, (2) 2BR/1BA Apartments: $1,495/mo each. - Total Monthly Gross Rent: $5,255
Annual Gross Income: $63,060 WOW!! CAP Rate of 11.56%, and Cash on Cash Return of 19.91%, 5-Year Investment Rate of Return (5% Appreciation) - 31.72%!! MASSIVE Depreciation Benefit!!
This property combines commercial stability with residential demand and future appreciation off the charts. Tenants pay their own electric, minimizing owner expenses. The building features high ceilings, exposed brick, ornate details, and private rear balconies for each apartment. Don't miss this rare, high-yield investment opportunity in thriving downtown Middletown!
Location
State PA
County Dauphin
Area Middletown Boro (14040)
Zoning RESIDENTIAL
Rooms
Basement Full
Interior
Hot Water Electric
Heating Forced Air, Baseboard - Electric
Cooling Heat Pump(s), Central A/C, Other
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Deck(s), Balcony, Porch(es)
Water Access N
Accessibility 2+ Access Exits
Porch Deck(s), Balcony, Porch(es)
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 3186
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
Middle Schools Middletown Area
High Schools Middletown Area High School
School District Middletown Area
Others
Tax ID 41-017-052-000-0000
Ownership Fee Simple
SqFt Source 3186
Acceptable Financing Cash, Conventional, Seller Financing, Installment Sale, Private, Bank Portfolio
Listing Terms Cash, Conventional, Seller Financing, Installment Sale, Private, Bank Portfolio
Financing Cash,Conventional,Seller Financing,Installment Sale,Private,Bank Portfolio
Special Listing Condition Standard
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