Two-Unit Duplex with
For Sale
$275,000
2038 Market St, Harrisburg, PA 17103
Both residences are leased and offer distinct interior layouts with private outdoor areas.
Property Size2,436 SF
Price / SF$112.89
Days on Market104
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Property Features for 2038 Market St
General Information
Standard status
Active
Size
2,436 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,369
Listing Agency:
Coldwell Banker Realty
(717) 272-8781
Listed By:
Stephanie A Vega · License #RS289846
(717) 821-9679
Source:
Exprealty
Added: Jul 4
Changed: Oct 2
Last Checked: Oct 15 at 5:08AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex at 2038 Market St in Harrisburg, PA contains 2,436 square feet across two currently rented two-bedroom residences. The second-floor unit includes a private entrance, sunroom, living room with a brick fireplace, formal dining room, and an expansive primary bedroom. The other residence features finished flooring, a fireplace, a front porch, and a rear deck.
The property is being sold as-is, with the landlord responsible for water, sewer, and trash service. Each residence has a separate layout and outdoor component, providing a two-unit configuration with existing occupancy.
The property is being sold as-is, with the landlord responsible for water, sewer, and trash service. Each residence has a separate layout and outdoor component, providing a two-unit configuration with existing occupancy.
Key Highlights
- Two‑bedroom duplex residences, both currently rented
- 2,436 square feet of total property size
- Second‑floor unit includes a private entrance, sunroom, brick fireplace, and formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,743
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,860
$434.9K
Cap Rate 7%
$310,614
$310.6K
Cap Rate 9%
$241,589
$241.6K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$33.6K $13.80/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$31.1K $12.75/SF
− OpEx
−$9.3K −$3.83/SF
NOI
$21.7K $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%
$434,860
Cap Rate 7%
$310,614
Cap Rate 9%
$241,589
Alternative Uses
Best Use
Multifamily LT 5
$310.6K
$271.8K – $362.4K
NOI $21,743 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$276.8K
$242.2K – $323.0K
NOI $19,377 @ 7.0% cap · market cap 7.05%
Theoretical Best
Specialty Retail
$4.49M
$3.93M – $5.23M
NOI $314,061 @ 7.0% cap · market cap 114.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
870
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and offer distinct interior layouts with private outdoor areas.
Where is this duplex located?
The property is located at 2038 Market St Harrisburg, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑bedroom duplex residences, both currently rented; 2,436 square feet of total property size; Second‑floor unit includes a private entrance, sunroom, brick fireplace, and formal dining room
