Harrisburg Apartment Building with River
For Sale
$995,000
315 N FRONT Street, Harrisburg, PA 17101
MULTI_FAMILY - Other - HARRISBURG, PA
Property Size8,560 SF
Lot Size0.12 Acres
Price / SF$116.24
Days on Market324
Property Features for 315 N FRONT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
9
Parking features
Off Street, Garage - Detached
Subdivision
RIVER FRONT DISTRICT
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
8,560 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
24607
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1850
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 745-2929
Listed By:
Wendell Hoover · License #AB069340
(717) 269-7777
Added: Sep 16, 2025
Changed: Jul 13
Last Checked: Aug 5 at 1:06AM
MLS# PADA2049430
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 8-unit apartment building at 315 N. Front St, Harrisburg, PA, features a unit mix of one three-bedroom unit, two two-bedroom units, and five one-bedroom units. The property includes parking and storage, with seven off-street parking spaces and a two-car garage. Situated directly across from City Island, the location offers exceptional river views and is walkable to downtown, restaurants, and commuter routes. Recent improvements include replaced roofs, and interior renovations are underway, presenting value-add potential. The property is not in a flood plain. Over $200,000 in approved tax credits are available to the next owner. The property benefits from consistent rental demand in a prime Harrisburg location. The building size is 8560 square feet and the lot size is 0.12 acres.
Key Highlights
- 8‑unit apartment building with (1) 3‑bedroom unit, (2) 2‑bedroom units, and (5) 1‑bedroom units
- Parking/storage: 7 off‑street parking spaces and a detached 2‑car garage
- Brick construction with forced air heating and central air
Financial Insights For Apartment 5plus
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 | $134.6k | $15.72 |
| − Vacancy | −$10.8k | −$1.26 |
| EGI | $123.8k | $14.46 |
| − OpEx | −$55.7k | −$6.51 |
| NOI | $68.1k | $7.95 |
8,560 SF · lease $15.72/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$972.7K
$851.1K – $1.13M
NOI $68,089 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.77M
$13.79M – $18.39M
NOI $1,103,598 @ 7.0% cap · market cap 110.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 17101, PA
2,901
Population
2,190
Households
1.3
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
5,802
Density / Sq Mi
$70,100
Median Household Income
$59,114
Median Earnings
$984
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 8-unit apartment building with river views and value-add potential.
Where is this apartment building located?
The property is located at 315 N FRONT Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8‑unit apartment building with (1) 3‑bedroom unit, (2) 2‑bedroom units, and (5) 1‑bedroom units; Parking/storage: 7 off‑street parking spaces and a detached 2‑car garage; Brick construction with forced air heating and central air
