Brick Duplex with Two
For Sale
$220,000
221 REILY Street, Harrisburg, PA 17102
Multi-Family, HARRISBURG, PA
Property Size1,878 SF
Lot Size0.03 Acres
Price / SF$117.15
Days on Market50
Property Features for 221 REILY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On 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
1,878 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2164
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
AARON RISSINGER · License #RS339796
(717) 979-1443
Added: Sep 18
Last Checked: Nov 6 at 6:06AM
MLS# PADA2064270
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.
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Investment Insights
Based on property information with market context.
This 1,878-square-foot duplex is a brick townhouse built in 1900, with two apartments configured as one bedroom and three bedrooms. Forced-air heating, window-unit cooling, a basement, and on-street parking support the property’s residential setup.
The property is located in Midtown Harrisburg, two blocks from the Susquehanna River and across from Midtown Cinema. Broad Street Market is three blocks away, with shops, restaurants, entertainment, parks, and other neighborhood amenities within walking distance.
The property is located in Midtown Harrisburg, two blocks from the Susquehanna River and across from Midtown Cinema. Broad Street Market is three blocks away, with shops, restaurants, entertainment, parks, and other neighborhood amenities within walking distance.
Key Highlights
- Two‑unit duplex with one 1‑bedroom apartment and one 3‑bedroom apartment
- 1,878 square feet in a brick townhouse built in 1900
- Located two blocks from the Susquehanna River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,763
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,260
$335.3K
Cap Rate 7%
$239,471
$239.5K
Cap Rate 9%
$186,256
$186.3K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$25.9K $13.80/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$23.9K $12.75/SF
− OpEx
−$7.2K −$3.83/SF
NOI
$16.8K $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%
$335,260
Cap Rate 7%
$239,471
Cap Rate 9%
$186,256
Alternative Uses
Best Use
Multifamily LT 5
$239.5K
$209.5K – $279.4K
NOI $16,763 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$213.4K
$186.7K – $249.0K
NOI $14,938 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,121 @ 7.0% cap · market cap 110.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
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Business Placement
Demographics for 17102, PA
7,989
Population
5,105
Households
1.6
Avg Household Size
37
Median Age
50%
College-Educated
91%
High-School Grad
0.8 sq mi
ZIP Area
9,986
Density / Sq Mi
$55,369
Median Household Income
$47,544
Median Earnings
$1,062
Median Rent
$172,900
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 - Two-apartment property with a one-bedroom and a three-bedroom layout in a walkable Midtown setting.
Where is this duplex located?
The property is located at 221 REILY Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom apartment and one 3‑bedroom apartment; 1,878 square feet in a brick townhouse built in 1900; Located two blocks from the Susquehanna River
