128 VALLEY ST

LEWISTOWN, PA 17044

PRICE: $299,900

Active | MLS# pamf2053598

 

8 beds

5 full baths

5166 sq ft

0.13 Acres

 

The Details

Excellent opportunity to add a stabilized 5-unit multifamily property to your investment portfolio in Lewistown! This property offers an attractive combination of existing rental income, tenant stability, and additional value-add potential. Two of the five units have undergone recent updates and renovations, while two units are occupied by long-term tenants. Four units are currently on annual leases, with the remaining unit on a month-to-month lease, providing a strong existing rental base with flexibility for future ownership. Capital improvements include the replacement of one of the building’s roofs in spring 2026, new treads and reinforcement of the rear exterior stairs and new exterior basement door. While the property is already stabilized, there remains opportunity for an investor to continue improving the asset, enhance operations, and potentially increase its long-term performance. Whether you're looking to expand an existing portfolio or acquire a multi-unit property with income already in place, this is an opportunity to step into an established asset while still having room to add value. 5 units. Existing income. Recent improvements. Additional upside. Schedule your showing and explore the potential this Lewistown investment has to offer. THE OWNERS ARE LICENSED REAL ESTATE AGENTS IN THE COMMONWEALTH OF PENNSYLVANIA


Property Overview


StyleOther
Year Built1940
SubdivisionNONE AVAILABLE
School DistrictMIFFLIN COUNTY
CountyMIFFLIN
MunicipalityLEWISTOWN BORO
HeatBaseboard - Electric
A/CNone
FuelElectric
SewerPublic Sewer
Total Taxes$1161

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*All fees are for estimate purposes only.

Satellite View

Directions: From US-22/322, take the Lewistown exit toward US-522 S/E Walnut St. Continue into Lewistown, follow US-522/E Walnut St, turn onto Valley Street, and continue to 128 Valley St. Property will be on Valley Street

Sq. Footages
Above Grade Finished Sq. Ft.3626
Above Grade Unfinished Sq. Ft.
Below Grade Unfinished Sq. Ft.1540
Total Finished Sq. Ft.3626
Rooms Main Upper Lower Bsmt.
Subdivision NONE AVAILABLE
Zoning COMMERCIAL
Possession Settlement
Assessed Value

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by the Centre County Association of REALTORS® MLS and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without the written permission from the Centre County Association of REALTORS®. Each office independently owned and operated.

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