Renovated Duplex Investment
1201-1203 MARKET Street Harrisburg, PA 17103
For Sale
$315,000
MULTI_FAMILY - Other - HARRISBURG, PA
Property Size2,244 SF
Lot Size0.04 Acres
Price / SF$140.37
Days on Market63
Property Features for 1201-1203 MARKET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active
- Size
- 2,244 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5270
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Joy Daniels Real Estate Group, Ltd
(717) 695-3177
Listed By:
JOY DANIELS · License #RM421836
(717) 724-5736
Added: May 22
Changed: Jul 9
Last Checked: Jul 23 at 5:06PM
MLS# PADA2060372
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This renovated duplex consists of two attached residential units at 1201-1203 Market Street. Each unit is configured with 5 bedrooms and 1 bathroom and is heated with electric baseboard heat. The updates include replaced or updated flooring, along with refreshed kitchens and baths. The roofing was replaced in 2022, providing a recent exterior improvement for the property. Total property size is listed at 2,244 square feet on a 0.04-acre lot.
The asset is located in Harrisburg, Pennsylvania (Dauphin County), with the mailing address shown as 17103. As a two-unit residential income property, it is straightforward to market and manage within a small rental portfolio.
For investors or landlords seeking a turnkey duplex, the current layout supports larger household demand with five-bedroom units on each side. The property is presented with existing tenancy, including one tenant paying $1,545 per month and the other paying $1,850 per month, which can help support a stable rental structure going forward. With the combination of unit interior renovations and a roof replacement in 2022, this duplex may be a practical choice for buyers looking to add renovated rental housing to their holdings.
The asset is located in Harrisburg, Pennsylvania (Dauphin County), with the mailing address shown as 17103. As a two-unit residential income property, it is straightforward to market and manage within a small rental portfolio.
For investors or landlords seeking a turnkey duplex, the current layout supports larger household demand with five-bedroom units on each side. The property is presented with existing tenancy, including one tenant paying $1,545 per month and the other paying $1,850 per month, which can help support a stable rental structure going forward. With the combination of unit interior renovations and a roof replacement in 2022, this duplex may be a practical choice for buyers looking to add renovated rental housing to their holdings.
Key Highlights
- 1915‑built duplex with brick construction and off‑street parking
- 2‑unit layout: each unit has 5 bedrooms and 1 bath
- Current tenant rents of $1,545/month and $1,850/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $13.80 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $28.6k | $12.75 |
| − OpEx | −$8.6k | −$3.83 |
| NOI | $20.0k | $8.93 |
2,244 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,849 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,308 @ 7.0% cap · market cap 91.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two renovated units in a Harrisburg duplex, each with five bedrooms and electric baseboard heat.
Where is this duplex located?
The property is located at 1201-1203 MARKET Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1915‑built duplex with brick construction and off‑street parking; 2‑unit layout: each unit has 5 bedrooms and 1 bath; Current tenant rents of $1,545/month and $1,850/month
