3-Unit Triplex with
For Sale
$245,000
Pending
144 BALM STREET, Harrisburg, PA 17103
Unit mix includes two one-bedroom apartments and one two-bedroom apartment, with off-street parking.
Property Size2,484 SF
Days on Market17
Property Features for 144 BALM STREET
General Information
Standard status
Pending
Size
2,484 SF
Property subtype
Triplex
Building Details
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 657-8700
Listed By:
LESLIE MACHULSKY · License #RS298206
(717) 756-3603
Source:
Cummingsrealtors
Added: Sep 29
Changed: Oct 15
Last Checked: Oct 15 at 1:28AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
Built in 1910, this 2,484-square-foot triplex contains two one-bedroom apartments and one two-bedroom apartment. Two residences have been remodeled, and two are currently rented; the third unit is vacant. A garage accommodates up to three vehicles, and the property also has off-street parking.
Views include a park and the Capitol.
Views include a park and the Capitol.
Key Highlights
- Three apartments: two one‑bedroom units and one two‑bedroom unit
- 2,484‑square‑foot building constructed in 1910
- Garage accommodates up to 3 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,172
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,440
$443.4K
Cap Rate 7%
$316,743
$316.7K
Cap Rate 9%
$246,356
$246.4K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$34.3K $13.80/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$31.7K $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%
$443,440
Cap Rate 7%
$316,743
Cap Rate 9%
$246,356
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.2K – $369.5K
NOI $22,172 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 8.06%
Theoretical Best
Specialty Retail
$4.58M
$4.00M – $5.34M
NOI $320,250 @ 7.0% cap · market cap 130.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
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
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Frequently Asked Questions
What type of property is this?
Triplex - Unit mix includes two one-bedroom apartments and one two-bedroom apartment, with off-street parking.
Where is this triplex located?
The property is located at 144 BALM STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three apartments: two one‑bedroom units and one two‑bedroom unit; 2,484‑square‑foot building constructed in 1910; Garage accommodates up to 3 vehicles
