Triplex with Large
For Sale
$245,000
144 BALM Street, Harrisburg, PA 17103
Multi-Family, HARRISBURG, PA
Property Size2,484 SF
Lot Size0.04 Acres
Price / SF$98.63
Days on Market9
Property Features for 144 BALM Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
3
Parking features
Driveway, On Street
Subdivision
NONE AVAILABLE
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
2,484 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1378
Utilities
Heating system
Forced Air
Amenities
park views
Capitol views
Building Details
Year built
1910
Number of units
3
Building materials
Frame
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 657-8700
Listed By:
LESLIE MACHULSKY · License #RS298206
(717) 756-3603
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 7 at 4:06AM
MLS# PADA2064664
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1910 frame triplex contains 2,484 square feet on a 0.04-acre lot. Its three apartments comprise two one-bedroom units and one two-bedroom unit. Two apartments have been remodeled; two are currently rented, leaving the remaining updated unit vacant. Forced-air heating serves the building.
A garage accommodates up to three vehicles, with driveway and on-street parking also available. The property offers views of the Capitol and a park.
A garage accommodates up to three vehicles, with driveway and on-street parking also available. The property offers views of the Capitol and a park.
Key Highlights
- Three apartments: two one‑bedroom units and one two‑bedroom unit
- 2,484‑square‑foot building on a 0.04‑acre lot
- Two units are rented; the updated third unit is vacant
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
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 - Two apartments are rented, and the updated third unit is vacant.
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 on a 0.04‑acre lot; Two units are rented; the updated third unit is vacant
