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    115 Locust St Harrisburg, PA 17101

    New
    For Sale
    $484,900

    MULTI_FAMILY - Colonial - HARRISBURG, PA

    Property size:
    2,916 SF
    Lot size:
    0.03 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 115 Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room, Basement
    Parking features
    Off Street
    Interior features
    Ceiling Fan(s), Kitchen - Island, Recessed Lighting, Upgraded Countertops, Wood Floors, Additional Stairway, Bathroom - Walk-In Shower, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Gourmet
    Appliances
    Built-In Microwave, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Dishwasher
    Size
    2,916 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Other (Heating), Baseboard, Electric (Heating)
    Cooling system
    Ductless, Wall Unit(s)

    Building Details

    Year built
    1890
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    Iron Valley Real Estate of York County (717) 316-8777 [email protected]

    Listing agent Adam Kautz (717) 755-5599 License #RS344475

    Listing date Dec 8, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Harrisburg Multifamily Investment Opportunity

    Located in downtown Harrisburg's Riverfront district, this property features two fully detached single-family homes on one deed, providing dual rental income streams. The front home includes 5 bedrooms and 2.5 bathrooms, with a current rent of $2,650 plus a $185.37 utility charge. The estimated rent for the front home is $2,900 or more per month. The rear home has 3 bedrooms and 2 bathrooms, with a current rent of $2,000 plus variable utility charges and an estimated rent of $2,100 or more per month. The total current monthly rental income is $4,650 base plus utility charges, with an estimated potential of $5,000 or more. The property's annual gross income is $60,000, with estimated annual expenses (taxes, insurance, maintenance) of $7,684, resulting in an estimated Net Operating Income (NOI) of $52,316. The property is situated just steps from the Susquehanna River, restaurants, state offices, and entertainment, and a few blocks from Riverfront Park, City Island, and the Capitol Complex. The lot size is 0.03 acres and the property size is 2,916 square feet. The property is located in a walkable and high-demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.88439
    Latitude
    40.26036

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    FAQs

    What type of property is this?
    Duplex - Two detached homes, fully rented, downtown Harrisburg, positive cash flow.
    Where is this duplex located?
    The property is located at 115 Locust St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $484,900.
    What are key features of this property?
    This property features: - High Cap Rate: 10.46%+ offers a substantial return on investment.; - Fully Rented: Turnkey property provides immediate income streams from two detached single-family homes.; - Prime Downtown Location: Situated in Harrisburg's Riverfront district, close to amenities, the Susquehanna River, and major employers.
    (717) 755-5599
    Request Owner's contact information
    115 Locust St Harrisburg, PA 17101
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    Harrisburg, PA 17101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Locust St Harrisburg, PA 17101
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