Brick Quadplex with River
For Sale
$575,000
3643 N FRONT Street, Harrisburg, PA 17110
MULTI_FAMILY - HARRISBURG, PA
Property Size4,884 SF
Price / SF$117.73
Days on Market133
Property Features for 3643 N FRONT Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Dining Room, Basement
Parking
8
Parking features
Driveway, Off Street
Interior features
Bathroom - Tub Shower, Floor Plan - Traditional, Combination Dining/Living
Appliances
Dishwasher, Refrigerator, Microwave, Oven/Range - Electric, Stainless Steel Appliances
Middle school
SUSQUEHANNA TOWNSHIP
High school
SUSQUEHANNA TOWNSHIP
Elementary school district
SUSQUEHANNA TOWNSHIP
Middle school district
SUSQUEHANNA TOWNSHIP
High school district
SUSQUEHANNA TOWNSHIP
Standard status
Active
Size
4,884 SF
Taxes and HOA fees
Tax Annual Amount
5963
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Central Air
Amenities
river views
secured storage
Building Details
Year built
1962
Number of units
4
Building materials
Brick
Listing Agency:
RSR, REALTORS, LLC
(717) 763-1212
Listed By:
JAMIE BERRIER · License #RS220358L
(717) 648-5813
Added: Mar 30
Changed: Aug 7
Last Checked: Aug 9 at 9:06AM
MLS# PADA2057612
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 brick quadplex at 3643 N Front Street contains 4 units within 4,884 square feet, with each residence arranged as a 2-bedroom, 1-bath floor plan. Two units have Susquehanna River views. Interior features include traditional layouts, combined dining and living areas, tub-and-shower bathrooms, and kitchens equipped with dishwashers, refrigerators, microwaves, electric ranges, and stainless steel appliances.
Built in 1962, the property has hot-water heat, central air in one unit, and window air-conditioning units in three units. Each unit received a new water heater in 2025. The rear provides 8 dedicated off-street parking spaces, while the basement offers secured tenant storage. The property is in Susquehanna Township near the riverfront, downtown Harrisburg sites and offices, the YMCA, City Island, shopping plazas, and restaurants. No flood insurance is required.
Built in 1962, the property has hot-water heat, central air in one unit, and window air-conditioning units in three units. Each unit received a new water heater in 2025. The rear provides 8 dedicated off-street parking spaces, while the basement offers secured tenant storage. The property is in Susquehanna Township near the riverfront, downtown Harrisburg sites and offices, the YMCA, City Island, shopping plazas, and restaurants. No flood insurance is required.
Key Highlights
- 4‑unit quadplex totaling 4,884 square feet
- Each unit offers 2 bedrooms and 1 bath
- 2 units provide Susquehanna River views
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
$43,594
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
7.58%
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%
$871,880
$871.9K
Cap Rate 7%
$622,771
$622.8K
Cap Rate 9%
$484,378
$484.4K
Market Conditions
NOI Build-Up for 4,884 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
$67.4K $13.80/SF
− Vacancy
−$5.1K −$1.05/SF
EGI
$62.3K $12.75/SF
− OpEx
−$18.7K −$3.83/SF
NOI
$43.6K $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%
$871,880
Cap Rate 7%
$622,771
Cap Rate 9%
$484,378
Alternative Uses
Best Use
Multifamily LT 5
$622.8K
$544.9K – $726.6K
NOI $43,594 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,849 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$9.00M
$7.87M – $10.49M
NOI $629,670 @ 7.0% cap · market cap 109.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 17110, PA
27,239
Population
12,246
Households
2.2
Avg Household Size
40
Median Age
41%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
1,828
Density / Sq Mi
$79,499
Median Household Income
$51,428
Median Earnings
$1,400
Median Rent
$206,200
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 traditional two-bedroom units feature dedicated parking, basement storage, and a mix of central and window air conditioning.
Where is this quadplex located?
The property is located at 3643 N FRONT Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4‑unit quadplex totaling 4,884 square feet; Each unit offers 2 bedrooms and 1 bath; 2 units provide Susquehanna River views
