Duplex with
New
For Sale
$185,000
1822 NORTH STREET, Harrisburg, PA 17103
Both apartments include an oven and refrigerator, with electric service metered separately by unit.
Property Size1,408 SF
Price / SF$131.39
Days on Market5
Property Features for 1822 NORTH STREET
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
garage
oven
refrigerator
Building Details
Year Built
1895
Buildings
1
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
MICHAEL T CHAN · License #RS339596
(717) 309-4133
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 10:06AM
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 Iron Valley Real Estate of Central PA
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Investment Insights
Based on property information with market context.
Built in 1895, this 1,408-square-foot duplex contains two apartments: a two-bedroom unit on the first floor and a three-bedroom unit above. Both units are updated and include an oven and refrigerator. The property also has a garage and off-street parking.
Electric service is separate for the apartments. One unit has gas service, while the building shares a water heater and water bill.
Electric service is separate for the apartments. One unit has gas service, while the building shares a water heater and water bill.
Key Highlights
- 1,408‑square‑foot duplex built in 1895
- Two‑bedroom first‑floor apartment and three‑bedroom second‑floor apartment
- Updated units, each with an oven and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,568
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,360
$251.4K
Cap Rate 7%
$179,543
$179.5K
Cap Rate 9%
$139,644
$139.6K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$19.4K $13.80/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$18.0K $12.75/SF
− OpEx
−$5.4K −$3.83/SF
NOI
$12.6K $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%
$251,360
Cap Rate 7%
$179,543
Cap Rate 9%
$139,644
Alternative Uses
Best Use
Multifamily LT 5
$179.5K
$157.1K – $209.5K
NOI $12,568 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.03M
NOI $181,526 @ 7.0% cap · market cap 98.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
676
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments include an oven and refrigerator, with electric service metered separately by unit.
Where is this duplex located?
The property is located at 1822 NORTH STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,408‑square‑foot duplex built in 1895; Two‑bedroom first‑floor apartment and three‑bedroom second‑floor apartment; Updated units, each with an oven and refrigerator
