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    3217 3Rd St Harrisburg, PA 17110

    For Sale
    $500,000

    Prime Investment Opportunity: High ROI Potential

    Property size:
    4,588 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 5-unit multifamily property, located at 3217 N 3rd Street in Harrisburg, Pennsylvania's desirable Uptown area, presents a compelling investment opportunity. The building boasts a substantial 4,588 square feet situated on a 0.19-acre lot. All five units have undergone recent renovations within the past 10 years, ensuring modern appeal and minimizing immediate maintenance needs. Each unit features its own electric panel, electric heat, and hot water heater, providing efficient utility management. A detached garage adds further value and convenience. The property's strong financial performance is highlighted by a projected net operating income (NOI) of $31,188, details of which are available in a provided brochure. Currently enjoying 100% occupancy, this building is zoned for Residential - Medium Density, ensuring long-term stability and potential for growth. Its strategic location near Italian Lake, the Susquehanna Riverfront, I-81, downtown Harrisburg, and a variety of restaurants and shops, enhances its desirability and rental potential. This turnkey investment is poised for continued success, offering a robust return on investment and a promising future in a thriving urban setting. The property's strong occupancy rate and recent renovations make it an ideal addition to any investment portfolio.

    Property Features for 3217 3Rd St

    General Information

    Property type
    Residential income properties
    Square Feet
    4,588 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -76.89928
    Latitude
    40.29902

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    FAQs

    What type of property is this?
    Residential income property - Prime Investment Opportunity: High ROI Potential
    Where is this residential income property located?
    The property is located at 3217 3Rd St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $500,000.
    (717) 763-1212
    Request Owner's contact information
    3217 3Rd St Harrisburg, PA 17110
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    Harrisburg, PA 17110
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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
    3217 3Rd St Harrisburg, PA 17110
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