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827 Chestnut St, Lebanon, PA, 17042

2beds
--baths
1,568sqft
$199,000
$127price/sqft
$1,489/moest. monthly cost
$59,560/yrincome needed

About This Home

Seller is open to owner finance offers. Great opportunity for anyone looking to get into the rental game, or add 2 units to the portfolio creatively! Excellent investment or owner-occupant opportunity in the heart of Lebanon City! This mixed-use property features a vacant first-floor commercial space ready for your business or next tenant, plus a spacious 2-bedroom, 1-bath apartment on the second floor currently rented for $1,000/month. Conveniently located right between the Lebanon Farmers Market and the Post Office, this property benefits from strong visibility, steady traffic, and easy access to downtown amenities. Whether you're looking to expand your portfolio, start a business, or house hack, this property offers endless potential in a prime location.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
65
BikeBikeable

Schools

4/10
Harding El SchoolGrades PK-50.2 mi
4/10
1/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Stone
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,568
  • Total interior livable area: 1,568 sqft

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 0223377053687690000
  • Zoning: COMMERCIAL – MIXED USE
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 1,307 sqft

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Cold Wave
Hurricane
Heat Wave
Tornado

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,006$12,072
Home Insurance *$56$672
Property Taxes $203$2,436
Electricity $224$2,692
Total$1,489$17,868
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,051/yr
40% on housing$44,670/yr
45% on housing$39,706/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.7%
11.7%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 17042$180
Lebanon County$165

vs Homes Sold Last Month

Median $/sqft

ZIP 17042$189
Lebanon County$200

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Price change$199,000
2026-06-22Price change$199,900
2026-05-21Listed for sale$219,900
2023-06-19Listing removed--
2021-06-22Sold$90,000
2021-05-21Pending sale$99,900
2021-05-18Listed for sale$99,900
2019-07-15Sold$60,000

For Sale by Agent

AgentCarson Perlaki
BrokerageKeller Williams Realty

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