Triplex with In-Unit
For Sale
$355,000
127 HERR Street, Harrisburg, PA 17102
Multi-Family, HARRISBURG, PA
Property Size2,491 SF
Lot Size0.05 Acres
Price / SF$142.51
Days on Market9
Property Features for 127 HERR Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
2,491 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3788
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Amenities
in-unit laundry
Building Details
Year built
1900
Number of units
3
Building materials
Frame
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 745-2929
Listed By:
Wendell Hoover · License #AB069340
(717) 269-7777
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 7 at 3:06AM
MLS# PADA2064638
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,491-square-foot detached triplex was built in 1900 on a 0.05-acre lot. Each of its three units has in-unit laundry. Two residences have received recent updates, while the tenant in the remaining unit would like to stay. The frame construction is served by baseboard and hot-water heating, with window-unit cooling and ceiling fans. A basement is also present.
The property is in Harrisburg, near the river and outside the flood plain. Parking is on street.
The property is in Harrisburg, near the river and outside the flood plain. Parking is on street.
Key Highlights
- Three‑unit detached property with 2,491 square feet on a 0.05‑acre lot
- In‑unit laundry in each residence
- Two units recently updated; tenant in the third would like to remain
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - All three residences have private laundry, and two units have been updated recently.
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: Three‑unit detached property with 2,491 square feet on a 0.05‑acre lot; In‑unit laundry in each residence; Two units recently updated; tenant in the third would like to remain
