1313 N 2nd St, Harrisburg, PA 17102

Building Details

Year Built 1930 More

Tenancy Multi More

Listing Agency: Keller Williams of Central PA

Listed By: Jason Bytof · License PA RS331808 Show Phone

Source: Kandorre

Added: Aug 10 Changed: Oct 25 Last Checked: Oct 7 at 3:39PM

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Investment Insights

Based on property information with market context.

Located at 1313 N 2nd St in Harrisburg, PA, this 4,560-square-foot mixed-use building was constructed in 1930 and includes four residential apartments alongside a commercial restaurant space. All four residential units and the restaurant space are occupied.

The residential component includes two 1-bedroom/1-bath apartments, one 3-bedroom/1-bath apartment, and one studio. The property offers a combination of residential and restaurant tenancy within one building, with a 9.5% cap rate reported for the asset.

Key Highlights

• 4,560 SF mixed‑use building at 1313 N 2nd St, Harrisburg, PA 17102
• Four fully occupied residential units plus one restaurant tenant
• Residential mix includes two 1‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one studio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,702

Cap Rate

8.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$814,040 $814.0K

Cap Rate 7%

$581,457 $581.5K

Cap Rate 9%

$452,244 $452.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,560 SF

Gross rent

$62.9K $13.80/SF

− Vacancy

−$4.8K −$1.05/SF

EGI

$58.1K $12.75/SF

− OpEx

−$17.4K −$3.83/SF

NOI

$40.7K $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%

$814,040

Cap Rate 7%

$581,457

Cap Rate 9%

$452,244

Alternative Uses

Best Use

Mixed Use

$791.5K

$692.6K – $923.4K (±1% cap)

NOI $55,404 @ 7.0% cap · market cap 11.43%

Second Best

Multifamily LT 5

$581.5K

$508.8K – $678.4K (±1% cap)

NOI $40,702 @ 7.0% cap · market cap 8.39%

Theoretical Best

Office A

$1.00M

$876.2K – $1.17M (±1% cap)

NOI $70,096 @ 7.0% cap · market cap 14.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Got Jerk Island ... Restaurant

Suggested Use

Top Pick Electrical Service Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,241

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

Properties on Market for Mixed-use properties in Dauphin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully occupied property combines four residential apartments with a commercial restaurant space in Harrisburg.

Where is this mixed-use property located?

The property is located at 1313 N 2nd St Harrisburg, PA.

What is the asking price?

The asking price for this property is $484,900.

What are key features of this property?

This property features: 4,560 SF mixed‑use building at 1313 N 2nd St, Harrisburg, PA 17102; Four fully occupied residential units plus one restaurant tenant; Residential mix includes two 1‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one studio