Triplex with In-Unit
For Sale
$355,000
127 HERR STREET, Harrisburg, PA 17102
All three units have in-unit laundry, and two have received recent updates.
Property Size2,491 SF
Price / SF$142.51
Days on Market22
Property Features for 127 HERR STREET
General Information
Standard status
Active
Size
2,491 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Amenities
in-unit laundry
Building Details
Year Built
1900
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 745-2929
Listed By:
Wendell Hoover · License #AB069340
(717) 269-7777
Source:
Cummingsrealtors
Added: Sep 29
Changed: Oct 19
Last Checked: Oct 19 at 10:14AM
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 Iron Valley Real Estate of Central PA
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached, three-unit residential property contains 2,491 square feet and dates to 1900. Each unit has its own laundry facilities. Two units have been updated recently, while the tenant in the remaining unit would like to stay.
The property is in Midtown Harrisburg, close to the river and outside the flood plain.
The property is in Midtown Harrisburg, close to the river and outside the flood plain.
Key Highlights
- 2,491‑square‑foot triplex built in 1900
- In‑unit laundry in each of the three units
- Two units updated recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,234
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,680
$444.7K
Cap Rate 7%
$317,629
$317.6K
Cap Rate 9%
$247,044
$247.0K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$34.4K $13.80/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$31.8K $12.75/SF
− OpEx
−$9.5K −$3.83/SF
NOI
$22.2K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,680
Cap Rate 7%
$317,629
Cap Rate 9%
$247,044
Alternative Uses
Best Use
Multifamily LT 5
$317.6K
$277.9K – $370.6K
NOI $22,234 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$4.59M
$4.01M – $5.35M
NOI $321,152 @ 7.0% cap · market cap 90.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 17102, PA
7,989
Population
5,105
Households
1.6
Avg Household Size
37
Median Age
50%
College-Educated
91%
High-School Grad
0.8 sq mi
ZIP Area
9,986
Density / Sq Mi
$55,369
Median Household Income
$47,544
Median Earnings
$1,062
Median Rent
$172,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units have in-unit laundry, and two have received recent updates.
Where is this triplex located?
The property is located at 127 HERR STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,491‑square‑foot triplex built in 1900; In‑unit laundry in each of the three units; Two units updated recently
