Multifamily Property with Separate Living
For Sale
$750,000
1350 Fishing Creek Valley Rd, Harrisburg, PA 17112
Secluded acreage property with multiple residences, an Airbnb, private apartment, pool, and pond.
Property Size7,231 SF
Price / SF$103.72
Days on Market35
Property Features for 1350 Fishing Creek Valley Rd
General Information
Standard status
Active
Size
7,231 SF
Property subtype
Multi-Family
Building Details
Year Built
1989
Listing Agency:
Joy Daniels Real Estate Group, Ltd
(717) 724-5736
Listed By:
JOY DANIELS · License #RM421836
Source:
Baltimoreharfordhomesforsale
Added: Jul 28
Changed: Aug 30
Last Checked: Aug 30 at 9:11PM
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 Joy Daniels Real Estate Group, Ltd
Investment Insights
Based on property information with market context.
Set on 3.44 acres in Fishing Creek Valley, this multifamily property offers more than 6,300 square feet of living space across four separate living areas. The configuration includes a main residence, an Airbnb, a private apartment, and a detached garage with additional flexible space. The main home contains 5 bedrooms, 3 full baths, and 3 half baths.
Outdoor amenities include an in-ground pool, pond, and landscaped grounds. The property is located at 1350 Fishing Creek Valley Rd in Harrisburg, with the setting described as peaceful and natural while remaining just minutes from Harrisburg. Built in 1989, the compound provides a range of residential spaces within one property.
Outdoor amenities include an in-ground pool, pond, and landscaped grounds. The property is located at 1350 Fishing Creek Valley Rd in Harrisburg, with the setting described as peaceful and natural while remaining just minutes from Harrisburg. Built in 1989, the compound provides a range of residential spaces within one property.
Key Highlights
- 3.44 acres in Fishing Creek Valley
- More than 6,300 square feet of living space
- Four separate living areas, including an Airbnb and private apartment
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
$57,518
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
7.67%
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%
$1,150,360
$1.2M
Cap Rate 7%
$821,686
$821.7K
Cap Rate 9%
$639,089
$639.1K
Market Conditions
NOI Build-Up for 7,231 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
$113.7K $15.72/SF
− Vacancy
−$9.1K −$1.26/SF
EGI
$104.6K $14.46/SF
− OpEx
−$47.1K −$6.51/SF
NOI
$57.5K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$1,150,360
Cap Rate 7%
$821,686
Cap Rate 9%
$639,089
Alternative Uses
Best Use
Apartment 5plus
$821.7K
$719.0K – $958.6K
NOI $57,518 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.32M
$11.65M – $15.54M
NOI $932,257 @ 7.0% cap · market cap 124.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
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?
Multifamily property - Secluded acreage property with multiple residences, an Airbnb, private apartment, pool, and pond.
Where is this multifamily property located?
The property is located at 1350 Fishing Creek Valley Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3.44 acres in Fishing Creek Valley; More than 6,300 square feet of living space; Four separate living areas, including an Airbnb and private apartment
