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    1915 2Nd St Harrisburg, PA 17102

    Sponsored
    For Sale
    $369,500

    Turn-key, fully occupied, high-potential rental.

    Property size:
    2,431 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional five-unit multifamily property, located at 1915 N 2nd Street in Harrisburg, Pennsylvania's desirable Olde Uptowne neighborhood, presents a compelling investment opportunity. The property encompasses 2,431 square feet and sits on a 0.04-acre lot. Currently, all five units are fully occupied by a non-profit housing provider who has expressed a desire to remain. This provides immediate and consistent cash flow. Each unit features electric baseboard heating and is separately metered for efficient utility management. The existing rental rates offer significant potential for future rent increases, enhancing the property's overall return on investment. This turnkey property requires minimal immediate capital expenditure, allowing for a smooth transition and immediate income generation. The property's location in Olde Uptowne offers tenants convenient access to local amenities, contributing to high occupancy rates and tenant satisfaction. This is an exceptional opportunity to acquire a stable, income-producing asset with significant upside potential. The property's strong tenant base and favorable location make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and low-maintenance investment in a thriving Harrisburg neighborhood. The asking price is $369,500.

    Property Features for 1915 2Nd St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,431 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.89649
    Latitude
    40.27591

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    FAQs

    What type of property is this?
    Residential income property - Turn-key, fully occupied, high-potential rental.
    Where is this residential income property located?
    The property is located at 1915 2Nd St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $369,500.
    (717) 553-7541
    Request Owner's contact information
    1915 2Nd St Harrisburg, PA 17102
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    Harrisburg, PA 17102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1915 2Nd St Harrisburg, PA 17102
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