Mixed-Use Property with
For Sale
Contact for pricing
103 Sunset Ave, Harrisburg, PA 17112
A ground-floor art studio is paired with a one-bedroom apartment and covered balcony upstairs.
Property Size1,690 SF
Price / SF$177.46
Days on Market37
Property Features for 103 Sunset Ave
General Information
Standard status
Active
Size
1,690 SF
Property subtype
OFFICE
Financials
Gross Income
$12,000
Average Monthly Rent
$1,000
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Amenities
covered balcony
storage basement
fenced backyard
Building Details
Year Built
1909
Stories
2
Listing Agency:
Landmark Commercial Realty
(717) 731-1990
Listed By:
Nick Talley
(717) 578-0195
Source:
Moodyscre
Added: Sep 24
Changed: Oct 28
Last Checked: Oct 28 at 4:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Realty
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Investment Insights
Based on property information with market context.
Built in 1909, this mixed-use property contains approximately 1,690 SF, with a ground-floor commercial suite of approximately 1,000 SF and a second-floor one-bedroom apartment of approximately 690 SF. The commercial space is arranged with reception, open work area, kitchenette, office, and storage. The apartment has a covered balcony and provides rental income.
A basement of approximately 700 SF adds storage space. The property also includes multiple parking areas and a fenced backyard. Renovations completed since 2018 included interior and mechanical updates, along with a replacement roof in 2021.
A basement of approximately 700 SF adds storage space. The property also includes multiple parking areas and a fenced backyard. Renovations completed since 2018 included interior and mechanical updates, along with a replacement roof in 2021.
Key Highlights
- Approximately 1,690 SF total, including a 1,000 SF commercial suite and 690 SF apartment
- Ground‑floor art studio configuration with reception, open workspace, kitchenette, office, and storage
- Second‑floor one‑bedroom apartment with covered balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,718
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,360
$434.4K
Cap Rate 7%
$310,257
$310.3K
Cap Rate 9%
$241,311
$241.3K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$33.9K $20.04/SF
− Vacancy
−$4.9K −$2.91/SF
EGI
$29.0K $17.13/SF
− OpEx
−$7.2K −$4.28/SF
NOI
$21.7K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,360
Cap Rate 7%
$310,257
Cap Rate 9%
$241,311
Alternative Uses
Best Use
Office B
$310.3K
$271.5K – $362.0K
NOI $21,718 @ 7.0% cap · market cap 7.24%
Second Best
Mixed Use
$293.3K
$256.7K – $342.2K
NOI $20,534 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,883 @ 7.0% cap · market cap 72.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor art studio is paired with a one-bedroom apartment and covered balcony upstairs.
Where is this mixed-use property located?
The property is located at 103 Sunset Ave Harrisburg, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 1,690 SF total, including a 1,000 SF commercial suite and 690 SF apartment; Ground‑floor art studio configuration with reception, open workspace, kitchenette, office, and storage; Second‑floor one‑bedroom apartment with covered balcony
