Two-Unit
For Sale
$210,000
2125 DERRY STREET, Harrisburg, PA 17104
The property contains one one-bedroom apartment and one three-bedroom apartment, with both units rented.
Property Size1,776 SF
Price / SF$118.24
Days on Market234
Property Features for 2125 DERRY STREET
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Occupancy
100%
Net Operating Income
$27,156
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,040
Building Details
Building Size
1,776 SF
Year Built
1920
Listing Agency:
Keller Williams Realty
Listed By:
The Heilig Team
(717) 215-0275
Source:
Theheiligteam
Added: Mar 13
Changed: Nov 1
Last Checked: Nov 1 at 1:39AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex was built in 1920 and is configured with a one-bedroom apartment and a three-bedroom apartment. Both units are currently rented.
Key Highlights
- Two‑unit residential income property
- 1,776 square feet
- One‑bedroom and three‑bedroom unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,040
$317.0K
Cap Rate 7%
$226,457
$226.5K
Cap Rate 9%
$176,133
$176.1K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$22.6K $12.75/SF
− OpEx
−$6.8K −$3.83/SF
NOI
$15.9K $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%
$317,040
Cap Rate 7%
$226,457
Cap Rate 9%
$176,133
Alternative Uses
Best Use
Multifamily LT 5
$226.5K
$198.2K – $264.2K
NOI $15,852 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 6.73%
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.82M
NOI $228,971 @ 7.0% cap · market cap 109.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 17104, PA
20,058
Population
8,700
Households
2.3
Avg Household Size
32
Median Age
17%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
5,899
Density / Sq Mi
$42,113
Median Household Income
$31,319
Median Earnings
$953
Median Rent
$102,200
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 - The property contains one one-bedroom apartment and one three-bedroom apartment, with both units rented.
Where is this duplex located?
The property is located at 2125 DERRY STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit residential income property; 1,776 square feet; One‑bedroom and three‑bedroom unit mix
