Quadplex with Four Living
For Sale
$650,000
1350 FISHING CREEK VALLEY Road, Harrisburg, PA 17112
Multi-Family, HARRISBURG, PA
Property Size7,231 SF
Lot Size3.40 Acres
Price / SF$89.89
Days on Market39
Property Features for 1350 FISHING CREEK VALLEY Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
8
Parking features
Off Street, Garage - Attached, Garage - Detached, Driveway
Pool private
1
Fireplace
1
Appliances
Microwave, Dishwasher, Refrigerator, Oven/Range - Electric
Subdivision
NONE AVAILABLE
High school
CENTRAL DAUPHIN
Elementary school district
CENTRAL DAUPHIN
Middle school district
CENTRAL DAUPHIN
High school district
CENTRAL DAUPHIN
Standard status
Active
Size
7,231 SF
Lot size
3.40 Acres
Taxes and HOA fees
Tax Annual Amount
12786
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-ground pool
pond
Building Details
Year built
1989
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
Joy Daniels Real Estate Group, Ltd
(717) 695-3177
Listed By:
JOY DANIELS · License #RM421836
(717) 724-5736
Added: Jul 31
Changed: Sep 5
Last Checked: Sep 7 at 3:06PM
MLS# PADA2062564
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 quadplex-style property includes four separate living areas across a main residence, an Airbnb, a private apartment, and a detached garage with additional flexible space. The primary home offers 5 bedrooms, 3 full baths, and 3 half baths. Built in 1989 with frame construction, the property includes forced-air heating, central air conditioning, a fireplace, and a combination of attached and detached garage parking.
Outdoor features include a private in-ground pool, pond, and landscaped grounds. The property is situated in Fishing Creek Valley near Harrisburg, Pennsylvania, providing a residential setting with multiple living arrangements and flexible space within the same compound.
Outdoor features include a private in-ground pool, pond, and landscaped grounds. The property is situated in Fishing Creek Valley near Harrisburg, Pennsylvania, providing a residential setting with multiple living arrangements and flexible space within the same compound.
Key Highlights
- Four separate living areas: main residence, Airbnb, private apartment, and detached garage with flexible space
- Main residence includes 5 bedrooms, 3 full baths, and 3 half baths
- Private in‑ground pool and pond on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,360
$1.2M
Cap Rate 7%
$821,686
$821.7K
Cap Rate 9%
$639,089
$639.1K
Market Conditions
NOI Build-Up for 7,231 SF
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.
Gross rent
$113.7K $15.72/SF
− Vacancy
−$9.1K −$1.26/SF
EGI
$104.6K $14.46/SF
− OpEx
−$47.1K −$6.51/SF
NOI
$57.5K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,360
Cap Rate 7%
$821,686
Cap Rate 9%
$639,089
Alternative Uses
Best Use
Multifamily LT 5
$922.0K
$806.8K – $1.08M
NOI $64,543 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$821.7K
$719.0K – $958.6K
NOI $57,518 @ 7.0% cap · market cap 8.85%
Theoretical Best
Specialty Retail
$13.32M
$11.65M – $15.54M
NOI $932,257 @ 7.0% cap · market cap 143.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct residential spaces include a main home, Airbnb, private apartment, and detached garage with additional flexible space.
Where is this quadplex located?
The property is located at 1350 FISHING CREEK VALLEY Road Harrisburg, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four separate living areas: main residence, Airbnb, private apartment, and detached garage with flexible space; Main residence includes 5 bedrooms, 3 full baths, and 3 half baths; Private in‑ground pool and pond on the property
