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 Market25
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
Ceiling Fan(s), Window Unit(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 21
Last Checked: Oct 23 at 7:06PM
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.
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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 2,491-square-foot triplex is a detached, frame-built residence dating to 1900. Each unit has its own laundry facilities, and two units have been updated recently. The first unit is occupied by a long-term tenant who would like to remain. Heating is provided by baseboard and hot-water systems; cooling includes ceiling fans and window units. A basement is also part of the property.
Key Highlights
- Three residential units
- 2,491 square feet on a 0.05‑acre lot
- In‑unit laundry in every unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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 - Recently updated units and a long-term tenant provide a defined starting point for residential rental operations.
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 residential units; 2,491 square feet on a 0.05‑acre lot; In‑unit laundry in every unit
