Brick
For Sale
$210,000
2125 DERRY Street, Harrisburg, PA 17104
Multi-Family, HARRISBURG, PA
Property Size1,776 SF
Lot Size0.05 Acres
Price / SF$118.24
Days on Market174
Property Features for 2125 DERRY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
1,776 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3040
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
Emilie Benuck · License #rs342176
(717) 775-4368
Added: Mar 13
Changed: Aug 31
Last Checked: Sep 2 at 10:06PM
MLS# PADA2057482
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 1,776-square-foot duplex contains one one-bedroom unit and one three-bedroom unit. The property is fully rented and was built in 1920 with brick construction. Interior features include a basement, forced-air heating, and window-unit cooling, while off-street parking supports the building’s practical residential layout.
Located at 2125 DERRY Street in Harrisburg, Pennsylvania, the property is within ZIP Code 17104 in Dauphin County. Its compact 0.05-acre site accommodates a two-unit residential income property with established occupancy and a defined unit mix.
Located at 2125 DERRY Street in Harrisburg, Pennsylvania, the property is within ZIP Code 17104 in Dauphin County. Its compact 0.05-acre site accommodates a two-unit residential income property with established occupancy and a defined unit mix.
Key Highlights
- Fully rented duplex with one 1‑bedroom unit and one 3‑bedroom unit
- 1,776 square feet on a 0.05‑acre lot
- Built in 1920 with brick construction
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
$15,852
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
7.55%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented two-unit property with off-street parking, basement space, and separate one-bedroom and three-bedroom layouts.
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: Fully rented duplex with one 1‑bedroom unit and one 3‑bedroom unit; 1,776 square feet on a 0.05‑acre lot; Built in 1920 with brick construction
