301 Market St Harrisburg, PA 17101

Located in Harrisburg, PA, the nine-story building at 301 Market Street, formerly Market View Place, was originally constructed 100 years ago and fully renovated in 2013, converting it from an office building to student housing for Harrisburg University of Science & Technology. In 2024, the 38,676 SF property underwent updates and repositioning as a market-rate apartment community. The building features 38 units, including studios, one-bedroom, and two-bedroom floor plans. Recent upgrades include contemporary interior finishes, updated common areas, and secure building access. The property is operating as a market-rate asset with value-add potential, and leasing efforts are underway. The seller guarantees 95% occupancy for the first year. A property management firm is in place to support operations and maintain occupancy levels. Situated in Harrisburg’s downtown district, the property is near the Pennsylvania State Capitol Complex, the Whitaker Center, and Strawberry Square. Residents have access to dining, entertainment, shopping, Riverfront Park, and City Island. Major employment centers, including state government offices and healthcare institutions, are nearby. The East Shore/Central multifamily submarket has a first-quarter 2025 vacancy rate of 7.1%, with 78 units under construction in a submarket of approximately 7,700 units. Over the past year, $28.1 million in multifamily sales occurred across seven transactions. Rents in East Shore/Central average $1,320 per month, exhibiting a 4.4% year-over-year increase. The property is located within a Federal Qualified Opportunity Zone.