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    420 Wiconisco St Harrisburg, PA 17110

    For Sale
    $490,000

    Turnkey Multi-Family, High NOI, Excellent Cash Flow

    Property size:
    6,345 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional five-unit apartment building, located at 420 Wiconisco Street in Harrisburg, Pennsylvania, presents a compelling investment opportunity. The property boasts a total of 6,345 square feet and sits on a 0.14-acre lot. Recently renovated, the building features updated interiors and a brand-new roof, eliminating the need for immediate capital improvements. The exterior has also been freshly painted. Currently fully occupied, all units command market rents, generating a substantial net operating income (NOI) of $52,600 annually. This translates to a strong return on investment. The property is part of a larger ten-unit portfolio, offering potential for economies of scale and further investment growth. The low taxes and expenses associated with this property contribute to its exceptional profitability. Detailed financial statements, including net sheets for all properties within the portfolio, are available upon request. This is a turnkey investment ready to generate immediate income. The asking price for this specific five-unit building is $490,000.

    Property Features for 420 Wiconisco St

    General Information

    Property type
    Residential income properties
    Square Feet
    6,345 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1965
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -76.89769
    Latitude
    40.28954

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    FAQs

    What type of property is this?
    Residential income property - Turnkey Multi-Family, High NOI, Excellent Cash Flow
    Where is this residential income property located?
    The property is located at 420 Wiconisco St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $490,000.
    (717) 761-4800
    Request Owner's contact information
    420 Wiconisco 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
    420 Wiconisco St Harrisburg, PA 17110
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