Two-Unit Residential Income
For Sale
$224,900
8 S 18TH Street, Harrisburg, PA 17104
MULTI_FAMILY - Other - HARRISBURG, PA
Property Size1,920 SF
Lot Size0.03 Acres
Price / SF$117.14
Days on Market39
Property Features for 8 S 18TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
High school
HARRISBURG
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
1,920 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1420
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1906
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 657-8700
Listed By:
Michael Ogunyemi · License #RS352542
(443) 410-1671
Added: Jun 23
Changed: Jul 2
Last Checked: Jul 31 at 1:06AM
MLS# PADA2061258
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 two-unit residential income property is configured as a duplex and is fully occupied with tenants in place. The listing notes Section 8 approval and continuity of occupancy for an income-producing setup. The building has seen recent upgrades including new water heaters, a new stove and range, a new refrigerator, new baseboard heating units, some new windows, fresh paint, and added insulation throughout.
The property is located at 8 S 18TH Street in Harrisburg, PA 17104, within Dauphin County. The site is reported at 0.03 acres and the property size is listed as 1,920 square feet.
For buyers seeking a stabilized, tenant-occupied duplex, this offering presents a turn-key arrangement with Section 8 approval noted by the seller and an in-place tenant profile. The documented improvements to major mechanical and interior elements—along with added insulation and updated heating—may reduce near-term work compared with units that have not been recently refreshed. The current gross annual income is reported as $30,276, supporting the property’s positioning as a ready-to-operate rental asset.
The property is located at 8 S 18TH Street in Harrisburg, PA 17104, within Dauphin County. The site is reported at 0.03 acres and the property size is listed as 1,920 square feet.
For buyers seeking a stabilized, tenant-occupied duplex, this offering presents a turn-key arrangement with Section 8 approval noted by the seller and an in-place tenant profile. The documented improvements to major mechanical and interior elements—along with added insulation and updated heating—may reduce near-term work compared with units that have not been recently refreshed. The current gross annual income is reported as $30,276, supporting the property’s positioning as a ready-to-operate rental asset.
Key Highlights
- Two‑unit investment property with tenants in place; Section 8 approved
- Fully occupied and producing immediate rental income (current gross annual income: $30,276)
- Recent upgrades include new water heaters, stove/range, and refrigerator
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 | $26.5k | $13.80 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $24.5k | $12.75 |
| − OpEx | −$7.3k | −$3.83 |
| NOI | $17.1k | $8.93 |
1,920 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.6K
NOI $17,138 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.5K
NOI $15,272 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$3.54M
$3.09M – $4.13M
NOI $247,536 @ 7.0% cap · market cap 110.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 17104, PA
20,058
Population
8,700
Households
2.3
Avg Household Size
32
Median Age
17%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
5,899
Density / Sq Mi
$42,113
Median Household Income
$31,319
Median Earnings
$953
Median Rent
$102,200
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?
Duplex - Fully occupied duplex with Section 8 approval and recent interior and systems upgrades.
Where is this duplex located?
The property is located at 8 S 18TH Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑unit investment property with tenants in place; Section 8 approved; Fully occupied and producing immediate rental income (current gross annual income: $30,276); Recent upgrades include new water heaters, stove/range, and refrigerator
