Five-Unit Multifamily
1609 N Front St Harrisburg, PA 17102
1609 N Front St, Harrisburg, PA, 17102
$806,000
For Sale
$806,000
Five one-bedroom apartments with on-site laundry in a classic 1920 building.
Property Size4,562 SF
Lot Size0.19 Acres
Price / SF$176.68
Days on Market110
Property Features for 1609 N Front St
General Information
- Standard status
- Active
- Size
- 4,562 SF
- Lot size
- 0.19 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
NAI CIR
(717) 439-9453
Listed by
Nik Sgagias · License #AB069294
Source
Commercialcafe
Added: Apr 3 Updated: Jul 20 at 5:18PM Checked: Jul 21 at 3:50AM
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 NAI CIR
Investment Insights
Based on property information with market context.
This five-unit multifamily property at 1609 N Front St offers all 1-bedroom apartment homes. The building totals 4,562 square feet and includes on-site laundry for tenant convenience.
Originally built in 1920, the property presents a classic structure designed for steady residential rental use.
The site covers 0.1864 acres and supports the existing five-unit configuration.
Originally built in 1920, the property presents a classic structure designed for steady residential rental use.
The site covers 0.1864 acres and supports the existing five-unit configuration.
Key Highlights
- Five‑unit multifamily at 1609 N Front St, Harrisburg, with all 1‑bedroom apartments
- 4,562 SF building built in 1920
- Sits on 0.1864 acres
Local Financial Insights For Apartment 5plus
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 | $71.7k | $15.72 |
| − Vacancy | −$5.7k | −$1.26 |
| EGI | $66.0k | $14.46 |
| − OpEx | −$29.7k | −$6.51 |
| NOI | $36.3k | $7.95 |
4,562 SF · lease $15.72/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.40M
$7.35M – $9.80M
NOI $588,156 @ 7.0% cap · market cap 72.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five one-bedroom apartments with on-site laundry in a classic 1920 building.
Where is this apartment building located?
The property is located at 1609 N Front St Harrisburg, PA.
What is the asking price?
The asking price for this property is $806,000.
What are key features of this property?
This property features: Five‑unit multifamily at 1609 N Front St, Harrisburg, with all 1‑bedroom apartments; 4,562 SF building built in 1920; Sits on 0.1864 acres
