Three-Unit Triplex with Detached
For Sale
$269,900
1912 BRIGGS Street, Harrisburg, PA 17103
MULTI_FAMILY - HARRISBURG, PA
Property Size2,411 SF
Lot Size0.13 Acres
Price / SF$111.95
Days on Market13
Property Features for 1912 BRIGGS Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
1
Parking features
On Street, Garage - Detached
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
2,411 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2270
Utilities
Heating system
Hot Water(Heating), Electric (Heating), Baseboard
Building Details
Year built
1900
Number of units
3
Building materials
Frame
Listing Agency:
Real of Pennsylvania
(717) 635-7300
Listed By:
Erniece N Campbell · License #RS300369
(717) 599-0217
Added: Jul 31
Last Checked: Aug 12 at 11:06PM
MLS# PADA2062652
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 detached three-unit triplex is a frame construction property built in 1900, set on a 0.13-acre lot. The building offers a mix of indoor living space and outdoor common area through a spacious backyard that can be used for tenants. With a total size of 2,411 square feet, the layout is suited for income-focused ownership or owner-occupancy with rental support.
The property includes an oversized detached one-car garage that provides storage and additional utility for residents, along with on-street parking. Heating is provided via electric systems with hot water and baseboard heat.
Located at 1912 Briggs Street in Harrisburg, PA 17103, this triplex is positioned as a straightforward option for buyers seeking a multi-unit residential building with outdoor space and practical parking on-site and nearby.
The property includes an oversized detached one-car garage that provides storage and additional utility for residents, along with on-street parking. Heating is provided via electric systems with hot water and baseboard heat.
Located at 1912 Briggs Street in Harrisburg, PA 17103, this triplex is positioned as a straightforward option for buyers seeking a multi-unit residential building with outdoor space and practical parking on-site and nearby.
Key Highlights
- Detached three‑unit triplex on 0.13 acres
- Total building size of 2,411 square feet
- Frame construction built in 1900
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
$21,520
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
7.97%
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%
$430,400
$430.4K
Cap Rate 7%
$307,429
$307.4K
Cap Rate 9%
$239,111
$239.1K
Market Conditions
NOI Build-Up for 2,411 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
$33.3K $13.80/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$30.7K $12.75/SF
− OpEx
−$9.2K −$3.83/SF
NOI
$21.5K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$430,400
Cap Rate 7%
$307,429
Cap Rate 9%
$239,111
Alternative Uses
Best Use
Multifamily LT 5
$307.4K
$269.0K – $358.7K
NOI $21,520 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$274.0K
$239.7K – $319.6K
NOI $19,178 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$4.44M
$3.89M – $5.18M
NOI $310,838 @ 7.0% cap · market cap 115.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
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?
Triplex - Frame triplex with detached one-car garage and a spacious backyard, offering on-site and on-street parking.
Where is this triplex located?
The property is located at 1912 BRIGGS Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Detached three‑unit triplex on 0.13 acres; Total building size of 2,411 square feet; Frame construction built in 1900
