Multifamily Investment
For Sale
$850,000
1701 N Front St, Harrisburg, PA 17102
Quadplex offers one two-bedroom unit and three one-bedroom units, with on-site parking on a 0.13-acre lot.
Property Size4,803 SF
Lot Size0.13 Acres
Price / SF$176.97
Days on Market156
Property Features for 1701 N Front St
General Information
Standard status
Active
Size
4,803 SF
Lot size
0.13 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Building Size
4,803 SF
Year Built
1917
Units
4
Listing Agency:
NAI CIR
Listed By:
Nik Sgagias · License ##AB069294
(717) 439-9453
Source:
Commercialcafe
Added: Apr 3
Changed: Aug 22
Last Checked: Sep 4 at 2:56AM
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 multifamily property is configured as a quadplex with a mix of one two-bedroom unit and three one-bedroom units. The building totals approximately 4,803 square feet and includes on-site parking for residents.
The property is located at 1701 N Front St in Harrisburg, PA. The combination of unit mix and on-site parking supports straightforward, day-to-day residential operations.
For investors or owner-operators seeking rental housing, this building’s four-unit layout provides multiple income streams within one asset.
The property is located at 1701 N Front St in Harrisburg, PA. The combination of unit mix and on-site parking supports straightforward, day-to-day residential operations.
For investors or owner-operators seeking rental housing, this building’s four-unit layout provides multiple income streams within one asset.
Key Highlights
- Multifamily quadplex at 1701 N Front St in Harrisburg, PA
- Unit mix: 1 two‑bedroom unit and 3 one‑bedroom units
- Approximately 4,803 SF total building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,420
$857.4K
Cap Rate 7%
$612,443
$612.4K
Cap Rate 9%
$476,344
$476.3K
Market Conditions
NOI Build-Up for 4,803 SF
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.
Gross rent
$66.3K $13.80/SF
− Vacancy
−$5.0K −$1.05/SF
EGI
$61.2K $12.75/SF
− OpEx
−$18.4K −$3.83/SF
NOI
$42.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,420
Cap Rate 7%
$612,443
Cap Rate 9%
$476,344
Alternative Uses
Best Use
Multifamily LT 5
$612.4K
$535.9K – $714.5K
NOI $42,871 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$545.8K
$477.6K – $636.8K
NOI $38,205 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$8.85M
$7.74M – $10.32M
NOI $619,227 @ 7.0% cap · market cap 72.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,287
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex offers one two-bedroom unit and three one-bedroom units, with on-site parking on a 0.13-acre lot.
Where is this quadplex located?
The property is located at 1701 N Front St Harrisburg, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Multifamily quadplex at 1701 N Front St in Harrisburg, PA; Unit mix: 1 two‑bedroom unit and 3 one‑bedroom units; Approximately 4,803 SF total building area
