Middletown, PA 17057 123 E Water Street
$185,000
2 more
Presented By: Keller Williams of Central PA
Beds • 3
Beds • 3Home Details
Investors 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/monthboth 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. Dont miss this opportunityschedule your showing today!
Presented By: Keller Williams of Central PA
Interior Features for 123 E Water Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories2
General for 123 E Water Street
Acceptable FinancingConventional, Cash, FHA, VA
AccessibilityNone
Architectural StyleVictorian
Association Recreation FeeN
CityMIDDLETOWN
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyDAUPHIN
DirectionsUse GPS
Garage Y/NNo
HeatingBaseboard - Electric
Lease TypeMonth to Month
Lot Size Square Feet3485.00
Lot Size UnitsSquare Feet
MLS AreaMiddletown Boro (14040)
ModificationTimestamp2025-06-12T18:02:35
MunicipalityMIDDLETOWN BORO
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
NumberOfUnitsVacant
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG126.71
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictMIDDLETOWN AREA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameNONE AVAILABLE
Tax Annual Amount2682.0
Tax Assessed Value60500.0
Tax Year2024
Total Actual Rent17220.00
Total SQFT1460
Two Bedroom1
UtilitiesCable TV, Natural Gas Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningR03 2 STORY
Exterior for 123 E Water Street
Foundation DetailsBlock
Land Assessed Value16200.00
Land Use CodeR03
Lot Size Acres0.08
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Middletown Area Middle School
High School
Middletown Area High School
Elementary School
N/A
