123 E Water St, MIDDLETOWN, PA 17057

Local realty services provided by:ERA Byrne Realty
123 E Water St,MIDDLETOWN, PA 17057
$184,000
  • 3 Beds
  • - Baths
  • 1,460 sq. ft.
  • Multi-family
  • Active
Listed by:judah hoover
Office:keller williams of central pa
MLS#:PADA2046420
Source:BRIGHTMLS

Price summary

  • Price:$184,000
  • Price per sq. ft.:$126.03

About this home

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!

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Home facts

  • Year built:1900
  • Listing Id #:PADA2046420
  • Added:62 day(s) ago
  • Updated:August 14, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:3
  • Living area:1,460 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1900
  • Building area:1,460 sq. ft.
  • Lot area:0.08 Acres

Schools

  • High school:MIDDLETOWN AREA HIGH SCHOOL
  • Middle school:MIDDLETOWN AREA

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$184,000
  • Price per sq. ft.:$126.03
  • Tax amount:$2,682 (2024)