9-Unit Multifamily
1427-1429 N Front St Harrisburg, PA 17102
For Sale
$950,000
Nine-unit multifamily property with one-bedroom, two-bedroom, and efficiency studio apartments and on-site laundry.
Property Size7,202 SF
Lot Size0.12 Acres
Price / SF$131.91
Days on Market112
Property Features for 1427-1429 N Front St
General Information
- Standard status
- Active
- Size
- 7,202 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
NAI CIR
(717) 439-9453
Listed By:
Nik Sgagias · License #AB069294
Source:
Commercialcafe
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 9:44AM
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.
Situated at 1427–1429 N Front St in Harrisburg, this 9-unit multifamily property offers a mix of one-bedroom, two-bedroom, and efficiency studio apartments. The building totals 7,202 square feet and is set on 0.1233 acres. On-site laundry is provided for residents.
The unit mix is designed to serve a range of renter needs, with efficiencies alongside larger layouts. This configuration supports a practical, diversified residential income profile within a single property.
The property is presented for sale and includes the full complement of residential units and laundry service as part of the existing on-site setup.
The unit mix is designed to serve a range of renter needs, with efficiencies alongside larger layouts. This configuration supports a practical, diversified residential income profile within a single property.
The property is presented for sale and includes the full complement of residential units and laundry service as part of the existing on-site setup.
Key Highlights
- 9‑unit multifamily property with 1‑bedroom, 2‑bedroom, and efficiency studio apartments
- Total building size is 7,202 SF on 0.1233 acres
- Year built: 1900
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.2k | $15.72 |
| − Vacancy | −$9.1k | −$1.26 |
| EGI | $104.2k | $14.46 |
| − OpEx | −$46.9k | −$6.51 |
| NOI | $57.3k | $7.95 |
7,202 SF · lease $15.72/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$818.4K
$716.1K – $954.8K
NOI $57,287 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.26M
$11.61M – $15.48M
NOI $928,518 @ 7.0% cap · market cap 97.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property with one-bedroom, two-bedroom, and efficiency studio apartments and on-site laundry.
Where is this apartment building located?
The property is located at 1427-1429 N Front St Harrisburg, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 9‑unit multifamily property with 1‑bedroom, 2‑bedroom, and efficiency studio apartments; Total building size is 7,202 SF on 0.1233 acres; Year built: 1900
