Updated Two-Unit
220 ELM ST, Steelton, PA 17113
For Sale
$235,000
New roofing and appliances are among the improvements at this Steelton property near Harrisburg and regional commuter routes.
Property Size2,311 SF
Price / SF$101.69
Days on Market11
Property Features for 220 ELM ST
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Gianni Cavero-Aponte · License #RS348799
(407) 308-9887
Source:
Hostetterrealty
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 2:23PM
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 SERHANT PENNSYLVANIA LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex in Steelton has 2,311 square feet and has undergone renovations. Improvements include a new roof and new appliances, providing tangible updates to the property.
The property is in Steelton, minutes from Harrisburg, with access to I-83 and Route 230 for connections across the metro area.
The property is in Steelton, minutes from Harrisburg, with access to I-83 and Route 230 for connections across the metro area.
Key Highlights
- Two‑unit duplex with 2,311 square feet
- Renovations completed throughout the property
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,628
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,560
$412.6K
Cap Rate 7%
$294,686
$294.7K
Cap Rate 9%
$229,200
$229.2K
Market Conditions
NOI Build-Up for 2,311 SF
Gross rent
$31.9K $13.80/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$29.5K $12.75/SF
− OpEx
−$8.8K −$3.83/SF
NOI
$20.6K $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%
$412,560
Cap Rate 7%
$294,686
Cap Rate 9%
$229,200
Alternative Uses
Best Use
Multifamily LT 5
$294.7K
$257.9K – $343.8K
NOI $20,628 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.4K
NOI $18,382 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$4.26M
$3.72M – $4.97M
NOI $297,946 @ 7.0% cap · market cap 126.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 17113, PA
11,649
Population
4,955
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
4.2 sq mi
ZIP Area
2,774
Density / Sq Mi
$60,554
Median Household Income
$32,681
Median Earnings
$1,091
Median Rent
$141,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Dauphin County, PA
Properties on Market for Duplexes in Dauphin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - New roofing and appliances are among the improvements at this Steelton property near Harrisburg and regional commuter routes.
Where is this duplex located?
The property is located at 220 ELM ST Steelton, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,311 square feet; Renovations completed throughout the property; New roof
