Brick Duplex with In-Unit
For Sale
$264,900
1515 GREEN STREET, Harrisburg, PA 17102
Two-unit layout includes a one-bedroom residence, appliances, and dedicated laundry facilities.
Property Size2,136 SF
Price / SF$124.02
Days on Market15
Property Features for 1515 GREEN STREET
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1900
Construction
brick
Listing Agency:
Midtown Property Management
(717) 553-7541
Listed By:
Angela Tatum · License #RS367670
(717) 599-4495
Source:
Cummingsrealtors
Added: Aug 29
Changed: Sep 11
Last Checked: Sep 11 at 8:27AM
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 Midtown Property Management
Investment Insights
Based on property information with market context.
This duplex is configured as an interior brick row townhouse built in 1900, with 2,136 square feet of finished area. The first floor contains a one-bedroom unit that is currently vacant, while the residence spanning the second and third floors is occupied. Both units are supported by practical features including in-unit laundry, a gas oven/range, and a refrigerator.
Located at 1515 Green Street in Harrisburg, PA, the property offers a two-unit residential configuration with a mix of current occupancy and available space. The existing layout and included appliances provide a straightforward foundation for continued residential use.
Located at 1515 Green Street in Harrisburg, PA, the property offers a two-unit residential configuration with a mix of current occupancy and available space. The existing layout and included appliances provide a straightforward foundation for continued residential use.
Key Highlights
- 2,136 square feet of finished area
- Duplex configuration with two residential units
- First‑floor one‑bedroom unit is currently vacant
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
$19,066
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
7.20%
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%
$381,320
$381.3K
Cap Rate 7%
$272,371
$272.4K
Cap Rate 9%
$211,844
$211.8K
Market Conditions
NOI Build-Up for 2,136 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
$29.5K $13.80/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$27.2K $12.75/SF
− OpEx
−$8.2K −$3.83/SF
NOI
$19.1K $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 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%
$381,320
Cap Rate 7%
$272,371
Cap Rate 9%
$211,844
Alternative Uses
Best Use
Multifamily LT 5
$272.4K
$238.3K – $317.8K
NOI $19,066 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,384 @ 7.0% cap · market cap 103.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,689
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
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?
Duplex - Two-unit layout includes a one-bedroom residence, appliances, and dedicated laundry facilities.
Where is this duplex located?
The property is located at 1515 GREEN STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 2,136 square feet of finished area; Duplex configuration with two residential units; First‑floor one‑bedroom unit is currently vacant
