Brick Two-Unit
For Sale
$220,000
221 REILY STREET, Harrisburg, PA 17102
Brick townhouse with separate one- and three-bedroom apartments.
Property Size1,878 SF
Price / SF$117.15
Days on Market45
Property Features for 221 REILY STREET
General Information
Standard status
Active
Size
1,878 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1-bedroom, 1 x 3-bedroom
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Construction
brick
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
AARON RISSINGER · License #RS339796
(717) 979-1443
Source:
Cummingsrealtors
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 1 at 5:22AM
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
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Investment Insights
Based on property information with market context.
Built in 1900, this 1,878-square-foot brick townhouse contains two residential units: one apartment with one bedroom and another with three bedrooms. The configuration supports separate living spaces within a single attached building and may suit an owner-occupant or rental-property operator.
The property is in Midtown Harrisburg at 221 Reily Street, two blocks from the Susquehanna River. Midtown Cinema is directly across the street, while Broad Street Market is three blocks away. Shops, restaurants, entertainment, parks, and other neighborhood amenities are also identified within walking distance.
The property is in Midtown Harrisburg at 221 Reily Street, two blocks from the Susquehanna River. Midtown Cinema is directly across the street, while Broad Street Market is three blocks away. Shops, restaurants, entertainment, parks, and other neighborhood amenities are also identified within walking distance.
Key Highlights
- Two‑unit brick townhouse with a 1‑bedroom apartment and a 3‑bedroom apartment
- 1,878 square feet of residential space
- Built in 1900
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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick townhouse with separate one- and three-bedroom apartments.
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 brick townhouse with a 1‑bedroom apartment and a 3‑bedroom apartment; 1,878 square feet of residential space; Built in 1900
