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123 E Water Street

Middletown, PA 17057

– beds
– baths
1,460 sqft
3,485 sqft lot
$126 per sqft
1900 build

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!

Listing courtesy of BRIGHT / Keller Williams of Central PA

Last checked: Checking… • Last updated Jun 12, 2025 •

MLS# PADA2046420 —

The Building

Year Built:

1900
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Building Levels:

2
Building Units Total:

2
Structure Type:

Twin/Semi-Detached
Architectural Style:

Victorian
Accessibility Features:

None
Foundation Details:

Block
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1460

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1460
Living Area SqFt:

1,460 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional, Cash, FHA, VA
Possession:

Immediate

Location

Directions:

Use GPS
Latitude:

40.19961000
Longitude:

-76.72857000

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.08
Lot Size Source:

Assessor
Lot SqFt:

3,485 Sqft
Zoning:

R03 2 STORY
Zoning Description:

R03 2 Story
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R03
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

42-037-059-000-0000
Tax Year:

2024
Tax Annual Amount:

$2,682
Tax Assessed Value:

$60,500
Year Assessed:

2025
School Tax:

1500.0
County Tax:

506.00
City/Town Tax:

675.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Utilities:

Cable TV, Natural Gas Available
Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

Middle School:

Middletown Area
High School:

MIDDLETOWN AREA HIGH SCHOOL
School District Name:

Middletown Area
School District Source:

3rd Party

The Community

Subdivision Name:

None Available
Pool:

No Pool
Association Recreation Fee:

No

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

# of Units:

2
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

1
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/12/25 Jun 12, 2025	Listed / Active	BRIGHT	$185,000

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This multifamily located in Middletown, PA 17057 is currently for sale for $185,000. 123 E Water Street is a 1,460 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Middletown Area High School and Middletown Area Middle School.

Listing Courtesy of: BRIGHT and Keller Williams of Central PA.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.