Harrisburg Duplex Investment
1201-1203 Market Street Harrisburg, PA 17103
1201-1203 Market Street, Harrisburg, PA, 17103
$330,000
For Sale
$330,000
Renovated duplex in Harrisburg with strong rental income.
Property Size2,244 SF
Price / SF$147.06
Days on Market63
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 Checked: Jul 16 at 8:27 am
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.
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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.
