Property details
About 123 E Water St
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!
Highlights
(ACTIVE)
Summary
- Parking: On Street
- Architectural Style: Victorian
- Heating: Baseboard
- Cooling: None
- List Price: $184,000
- Price/SqFt: $126
- Annual Tax Amount: $2,494
- Tax Year: 2024
- Directions: Use GPS
- Year Built: 1900
- Living Area: 1,460 SqFt
- Municipality: Middletown Boro
- Lot Size: 0.08 Acres
- MLS Number: PADA2046420
- MLS Name: BRIGHT
- Office Name: Keller Williams of Central PA
- Office Phone: (717) 761-4300
- Listing Agent: Judah Hoover
- Agent Phone: (717) 330-6648
- Agent Email: thejudahhoover@gmail.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 4:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 31, 2006 | Home Sold | $102,000 |
| Dec 03, 2003 | Home Sold | $81,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $60,500 | $2,494 |
| 2023 | $60,500 | $2,494 |
| 2022 | $60,500 | $2,403 |
| 2021 | $60,500 | $2,303 |
| 2020 | $60,500 | $2,250 |
| 2019 | $60,500 | $2,217 |
| 2018 | $60,500 | $2,096 |
| 2017 | $60,500 | $2,096 |
History based on county public records data.
Nearby schools
6
Fink Elementary School
Public District KG-5
0.3 mi
•150 N Race St
4
Robert Reid Elementary School
Public District KG-5
1.2 mi
•201 Oberlin Rd
5
Londonderry Elementary School
Public District KG-5
2.7 mi
•260 Schoolhouse Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,627. The most common annual income of people living in Middletown, PA is between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Horse Races
Extreme Sports
College Basketball
Where do the neighbors shop?
Stein Mart
Sam's Club
Dillards
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Logan's Roadhouse
What do the neighbors drive?
Buick
Oldsmobile
Hyundai
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
Frequently asked questions
About 123 E Water St
The listing price of 123 E Water St property is $184,000.
The property 123 E Water St is a multi located in Middletown, Pennsylvania, 17057.
Active Listing: 123 E Water St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 123 E Water St are: Fink Elementary School (GreatSchools Rating 6/10), Robert Reid Elementary School (GreatSchools Rating 4/10), Londonderry Elementary School (GreatSchools Rating 5/10), Middletown Area Middle School (GreatSchools Rating 5/10), Lower Dauphin Middle School (GreatSchools Rating 6/10), Swatara Middle School (GreatSchools Rating 3/10), Middletown Area High School (GreatSchools Rating 5/10), Lower Dauphin High School (GreatSchools Rating 8/10), Steelton - Highspire Middle / High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $2,494 (source: MLS/based on county public records data).
The last sale was on May 31, 2006 for $102,000 (source: MLS/tax record).
The property 123 E Water St is 1,460 SqFt (source: MLS/tax record).
The year of construction for 123 E Water St is 1900.
This home is located at 123 E Water St in Middletown, PA and zip code 17057. This 1,460 square foot home, which was built in 1900, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $184,000.
The number of listings in Middletown, PA increased by 7.4% between May and June 2025. In June 2025 median list price was $280,000 and the average listing age was 40 days.