Top-Floor Residential
For Sale
$199,900
22 S 3RD STREET Unit 601, Harrisburg, PA 17101
The one-bedroom residence includes in-unit laundry, with association-managed common-area upkeep and utility services.
Property Size780 SF
Price / SF$256.28
Days on Market210
Property Features for 22 S 3RD STREET Unit 601
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,876
Amenities
in-unit laundry
Building Details
Building Size
780 SF
Year Built
1900
Year Renovated
2016
Construction
brick
Listing Agency:
Iron Valley Real Estate of Central PA
Listed By:
Wendell Hoover · License #AB069340
(717) 269-7777
Source:
Theheiligteam
Added: Apr 6
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 Iron Valley Real Estate of Central PA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 780-square-foot, one-bedroom condominium occupies the top floor of a brick building originally constructed in 1900 and renovated in 2016. The unit has one full bathroom and in-unit laundry. Association services cover common-area maintenance, water, sewer, and trash.
The property is in downtown Harrisburg, a few blocks from the train station. Parks, cafes, and shops are also described as nearby.
The property is in downtown Harrisburg, a few blocks from the train station. Parks, cafes, and shops are also described as nearby.
Key Highlights
- 780‑square‑foot, one‑bedroom condominium with one full bathroom
- Top‑floor unit with in‑unit laundry
- Building dates to 1900 and underwent a major renovation in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,204
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,080
$124.1K
Cap Rate 7%
$88,629
$88.6K
Cap Rate 9%
$68,933
$68.9K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$12.3K $15.72/SF
− Vacancy
−$981 −$1.26/SF
EGI
$11.3K $14.46/SF
− OpEx
−$5.1K −$6.51/SF
NOI
$6.2K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,080
Cap Rate 7%
$88,629
Cap Rate 9%
$68,933
Alternative Uses
Best Use
Apartment 5plus
$88.6K
$77.6K – $103.4K
NOI $6,204 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,562 @ 7.0% cap · market cap 50.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 17101, PA
2,901
Population
2,190
Households
1.3
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
5,802
Density / Sq Mi
$70,100
Median Household Income
$59,114
Median Earnings
$984
Median Rent
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes in-unit laundry, with association-managed common-area upkeep and utility services.
Where is this residential income property located?
The property is located at 22 S 3RD STREET Unit 601 Harrisburg, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 780‑square‑foot, one‑bedroom condominium with one full bathroom; Top‑floor unit with in‑unit laundry; Building dates to 1900 and underwent a major renovation in 2016
