Prime Investment Opportunity or Live-In Landlord Setup in Palmyra! Welcome to 140 Schoolhouse Road, a fully renovated multi-unit property offering exceptional flexibility, comfort, and steady income potential. Perfectly positioned for owner-occupants looking to supplement their mortgage or savvy investors seeking a turnkey addition to their portfolio. This unique property features two distinct living units designed with maximum space and complete independence in mind: Unit 1 (Main Level): Spacious layout offering 3 comfortable bedrooms. Unit 2 (Upper Level): Bright and airy layout featuring 2 bedrooms. Both units enjoy updated kitchens, modern updated bathrooms, their own private porch, separate entrances, and dedicated parking spaces. Exceptional storage and utility space abound, as each unit features its own separate attic and private basement space. Inside, no detail has been missed. The entire property has been completely updated and freshly painted, featuring brand-new LVP flooring, plush carpet, and refinished hardwood floors throughout. Outside, the property sits on a spacious 1+ acre lot featuring a fully fenced-in yard, a garage, and a dedicated workshop space. Situated in a fantastic location close to local amenities, schools, and major routes. Move-in ready and built to impress—schedule your private tour today!
Nicely maintained and recently updated 3BD farmhouse w/ upstairs rental unit $600/month. (individual electric meter and parking). Main home features 3 BDS, LR fireplace, 1st fl. laundry, gas hot water heat, partially finished bsmt. , nice deck, 4 yr. old roof and large, deep yard w/ detached 20 X 30 garage. Two BD apt. is 754 sq. ft. Main home is 1219 sq.
BRIGHT MLS #1002728059
Feb 15, 2011
Sold
$139,900
$72/sq ft
Dec 16, 2010
Listing Removed
—
Dec 6, 2010
Listed
$139,900
$72/sq ft
+7
Great opportunity to start building wealth. Affordable two unit that is perfect for a live-in landlord. Three bedroom first floor unit and two bedroom upper unit. Each unit with porches, parking and their own privacy. Large lot, fenced yard, garage/workshop, thermal windows, new roof and super well maintained. Home buyers or investors. .. Come take a look!!!
Public Records
Mar 16, 1998
Sold
$87,500
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$3,843 (+0.8%)
$65,300 + $92,700
$158,000
2025
$3,811 (+1.7%)
$65,300 + $92,700
$158,000
2024
$3,747 (+6.2%)
$65,300 + $92,700
$158,000
2023
$3,526 (+2.7%)
$65,300 + $92,700
$158,000
2022
$3,434 (+6.0%)
$65,300 + $92,700
$158,000
2021
$3,241 (+1.4%)
$65,300 + $92,700
$158,000
2020
$3,196 (+3.2%)
$65,300 + $92,700
$158,000
2019
$3,098 (+1.0%)
$65,300 + $92,700
$158,000
2018
$3,069 (+7.1%)
$65,300 + $92,700
$158,000
2016
$2,866 (+7.9%)
$65,300 + $92,700
$158,000
2015
$2,655
$65,300 + $92,700
$158,000
Public record
Beds
4
Baths
2
Stories
2.5
Lot width
—
Lot depth
—
Lot size
1.01 Acres
Year renovated
—
Finished Sq. Ft.
2,064
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,064
Year built
1925
Style
Other
County
Lebanon County
APN
31-2292618-345038-0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Palmyra, PA • 17078
Average low and high temperatures (°F)
33
20
39
25
58
36
66
45
71
54
83
64
87
69
81
61
80
58
68
45
55
37
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 140 Schoolhouse Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More