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For sale
  • Price cut: $1K (7/14)
    $184,000

    123 E Water St, Middletown, PA 17057

    3beds
    --baths
    1,460sqft
    : 
    Duplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $126/sqft
    $-- HOA

    What's special

    Investor’s Dream! This well-maintained two-unit property in the heart of Middletown offers strong cash flow and long-term upside. Each unit is currently leased to excellent, long-term tenants on a month-to-month basis, providing flexibility for future owner-occupancy or rental increases. The top and bottom units total 1,460 sq ft, with the upstairs unit renting for $775/month and the downstairs for $660/month—both well below market value with potential to increase by several hundred dollars each. Each unit has separate electric and heat, and the property features natural gas hot water. Tenants take great care of the home, making this a low-maintenance, income-producing opportunity. Whether you're looking to grow your rental portfolio or live in one unit and rent the other, this property offers versatility and value. See MLS documents for copies of both leases. Don’t miss this opportunity—schedule your showing today!
    67 days
    on Zillow
    |
    915
    |
    53
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 14, 2025 at 05:02am

    Listed by:

    Judah Hoover 717-330-6648,

    Keller Williams of Central PA (717) 761-4300,

    Listing Team: Hoover Lynam And Associates

    Source: Bright MLS,MLS#: PADA2046420MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 123 E Water St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,460
    • Total interior livable area: 1,460 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,485 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 420370590000000
    • Zoning: R03 2 STORY
    • Zoning description: R03 2 Story
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Duplex
    Materials
    • Brick
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Natural Gas Available

    Community & HOA

    Community
    • Subdivision: None Available
    Location
    • Region: Middletown
    • Municipality: MIDDLETOWN BORO

    Financial & listing details

    • Price per square foot: $126/sqft
    • Tax assessed value: $60,500
    • Annual tax amount: $2,682
    • Date on market: 6/12/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Conventional,Cash,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 17220
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