Victorian 4-Unit Income
For Sale
$345,000
2245 North 2nd Street, Harrisburg, PA 17110
Victorian-style 4-unit rental property with riverfront views and revenue generating from multiple upgraded units.
Property Size2,931 SF
Price / SF$117.71
Days on Market293
Property Features for 2245 North 2nd Street
General Information
Standard status
Active
Size
2,931 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Construction
Victorian
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
(717) 599-0217
Listed By:
Erniece N Campbell · License #RS300369
(717) 599-0217
Source:
Compass
Added: Oct 12, 2025
Changed: Jul 23
Last Checked: Jul 24 at 1:50PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This Victorian-style 4-unit income property offers a classic exterior and an owner-occupied configuration designed for rental use. The seller upgraded 5 of the 8 total units across both connected properties, and each building currently generates around $4,000 per month in rental income.
2245 N 2nd Street is listed as being seamlessly connected to 2243 N 2nd Street for sale, creating the ability to own both sides. The remarks also cite riverfront views and convenient Midtown access to shopping, dining, and entertainment.
If you’re looking at this as part of a two-property package, the combined rental income referenced is around $8,000 per month between the two buildings.
2245 N 2nd Street is listed as being seamlessly connected to 2243 N 2nd Street for sale, creating the ability to own both sides. The remarks also cite riverfront views and convenient Midtown access to shopping, dining, and entertainment.
If you’re looking at this as part of a two-property package, the combined rental income referenced is around $8,000 per month between the two buildings.
Key Highlights
- Income‑producing Victorian‑style 4‑unit rental property
- Riverfront views
- Each building currently generates about $4,000/month in rental income (about $8,000/month total between both properties)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $13.80 |
| − Vacancy | −$3.1k | −$1.05 |
| EGI | $37.4k | $12.75 |
| − OpEx | −$11.2k | −$3.83 |
| NOI | $26.2k | $8.93 |
2,931 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.7K
$327.0K – $436.0K
NOI $26,162 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$5.40M
$4.72M – $6.30M
NOI $377,879 @ 7.0% cap · market cap 109.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 17110, PA
27,239
Population
12,246
Households
2.2
Avg Household Size
40
Median Age
41%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
1,828
Density / Sq Mi
$79,499
Median Household Income
$51,428
Median Earnings
$1,400
Median Rent
$206,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Victorian-style 4-unit rental property with riverfront views and revenue generating from multiple upgraded units.
Where is this quadplex located?
The property is located at 2245 North 2nd Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Income‑producing Victorian‑style 4‑unit rental property; Riverfront views; Each building currently generates about $4,000/month in rental income (about $8,000/month total between both properties)
