Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Harrisburg Duplex Investment Opportunity Title is generated by Realmo AI

    1201-1203 Market Street, Harrisburg, PA 17103

    View on Map
    Claim this Listing
    For Sale
    $330,000

    Renovated duplex in Harrisburg with strong rental income.

    Type:Multi-Family / Fee Simple
    Property size:
    2,244 SF
    Price / SF:
    $147/SF
    Added:
    May 17, 2026
    Days on Market:
    16
    Last Refresh:
    May 27 at 11:42 am

    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

    We can help!

    Listing Contact
    JOY DANIELS

    Listing agent JOY DANIELS License #RM421836

    Listing office Joy Daniels Real Estate Group, Ltd

    Listing date May 17, 2026

    Source Compass

    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

    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.
    • Roofing replaced in 2022.
    • Located in the city of Harrisburg.
    • Each unit has electric baseboard heat.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $20,030 @ 7.0% cap · market cap 6.07%
    Second Best
    Apartment 5plus
    $255.0K
    $223.1K – $297.5K (±1% cap)
    NOI $17,849 @ 7.0% cap · market cap 5.41%
    Theoretical Best
    Specialty Retail
    $4.13M
    $3.62M – $4.82M (±1% cap)
    NOI $289,308 @ 7.0% cap · market cap 87.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8445773
    Latitude
    40.2738616

    Nearby Similar for Sale

    • $850,000

      Versatile Commercial Property on Paxton

      Mixed-use property with retail, office, and warehouse space.
      2515 PAXTON Street, HARRISBURG, PA 17111
      View Details
    • $499,900
      4,267 SF

      Harrisburg Multifamily Investment Opportunity

      Fully occupied multifamily property with additional garage rental income.
      502 2ND Street, HARRISBURG, PA 17113
      View Details
    • $405,000
      2,700 SF

      Midtown Harrisburg Investment Opportunity

      Low-maintenance multi-family property in the Midtown Historic District.
      1622 N 3RD Street, HARRISBURG, PA 17102
      View Details
    • $995,000
      8,560 SF

      Harrisburg Apartment Building with River Views

      8-unit apartment building with river views and value-add potential.
      315 N FRONT Street, HARRISBURG, PA 17101
      View Details
    • $215,000
      1,968 SF

      Two-Unit Property in Harrisburg, PA

      Two-unit property with rental income potential in Harrisburg, PA.
      1942 NORTH Street, HARRISBURG, PA 17103
      View Details
    • $330,000
      2,244 SF

      Harrisburg Duplex Investment Opportunity

      Renovated duplex in Harrisburg with strong rental income.
      1201-1203 MARKET Street, HARRISBURG, PA 17103
      View Details
    • $280,000
      2,436 SF

      Well-Maintained Harrisburg Duplex For Sale

      Income-generating duplex with two rented units and owner financing.
      2038 MARKET Street, HARRISBURG, PA 17103
      View Details
    • $160,000
      1,584 SF

      Harrisburg Two-Unit Investment Opportunity

      Well-maintained two-unit property in Harrisburg, vacant and ready for investment.
      1811 MARKET Street, HARRISBURG, PA 17103
      View Details
    • $874,000
      6,908 SF

      Medical/Professional Office Space Available

      6,908 SF medical/professional office space for sale or lease.
      Union Deposit Rd, Suite 210/330, Harrisburg, PA 17111
      View Details
    • $95,000

      Affordable Office Space in Harrisburg

      Modest office space with 5 rooms, kitchenette, and extra land.
      420 S 21ST Street, HARRISBURG, PA 17104
      View Details
    • $173,500
      2,310 SF

      Harrisburg Duplex: Investment Opportunity

      Two-unit duplex in Harrisburg's growing rental market.
      1353 VERNON Street, HARRISBURG, PA 17104
      View Details
    • $235,000
      1,734 SF

      Harrisburg Triplex: Investment Opportunity

      Triplex in Harrisburg offering city living and investment potential.
      122 SOUTH Street, HARRISBURG, PA 17101
      View Details

    FAQs

    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.
    (717) 724-5736
    We can help!
    Listing Contact
    JOY DANIELS
    Real Estate License ID: RM421836
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201-1203 Market Street, Harrisburg, PA 17103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!