Harrisburg Duplex Investment
For Sale
$330,000
1201-1203 Market Street, Harrisburg, PA 17103
Renovated duplex in Harrisburg with strong rental income.
Property Size2,244 SF
Price / SF$147.06
Days on Market80
Property Features for 1201-1203 Market Street
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1915
Listing Agency:
Joy Daniels Real Estate Group, Ltd
(717) 724-5736
Listed By:
JOY DANIELS · License #RM421836
(717) 724-5736
Source:
Compass
Added: May 15
Changed: Jul 10
Last Checked: Aug 2 at 12:20PM
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 Joy Daniels Real Estate Group, Ltd
Investment Insights
Based on property information with market context.
This duplex-style property in Harrisburg presents an investment opportunity. The property features two units, each containing 5 bedrooms and 1 bath. Recent renovations include updated flooring, kitchens, and bathrooms. Each unit is equipped with electric baseboard heat. One tenant is paying $1,545 per month, while the other is paying $1,850 per month. The roof was replaced in 2022. The property is located in the City of Harrisburg (14001) within Dauphin County. The local high school is HARRISBURG HIGH SCHOOL (DAUPHIN PA), and the school district is HARRISBURG CITY.
Key Highlights
- Excellent investment opportunity with strong rental income: $1,545 and $1,850 per month.
- Large duplex style 2‑unit property, each unit featuring 5 bedrooms.
- Renovated in recent years with updated floorings, kitchens, and baths in each unit.
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 | $31.0k | $13.80 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $28.6k | $12.75 |
| − OpEx | −$8.6k | −$3.83 |
| NOI | $20.0k | $8.93 |
2,244 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,849 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,308 @ 7.0% cap · market cap 87.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
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 - Renovated duplex in Harrisburg with strong rental income.
Where is this duplex located?
The property is located at 1201-1203 Market Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Excellent investment opportunity with strong rental income: $1,545 and $1,850 per month.; Large duplex style 2‑unit property, each unit featuring 5 bedrooms.; Renovated in recent years with updated floorings, kitchens, and baths in each unit.
