One-Bedroom Residential
For Sale
$149,000
231 STATE STREET #304, Harrisburg, PA 17101
The condo combines a one-bedroom, one-bathroom layout with the convenience of laundry facilities inside the unit.
Property Size636 SF
Price / SF$234.28
Days on Market9
Property Features for 231 STATE STREET #304
General Information
Standard status
Active
Size
636 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
in-unit laundry
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 745-2929
Listed By:
Wendell Hoover · License #AB069340
(717) 269-7777
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 23 at 10:02AM
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.
This residential condo offers a one-bedroom, one-bathroom configuration and in-unit laundry. The building dates to 1920.
The unit is at 231 State Street #304 in Harrisburg, Pennsylvania.
The unit is at 231 State Street #304 in Harrisburg, Pennsylvania.
Key Highlights
- One bedroom and one bathroom
- Laundry facilities located within the unit
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,059
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,180
$101.2K
Cap Rate 7%
$72,271
$72.3K
Cap Rate 9%
$56,211
$56.2K
Market Conditions
NOI Build-Up for 636 SF
Gross rent
$10.0K $15.72/SF
− Vacancy
−$800 −$1.26/SF
EGI
$9.2K $14.46/SF
− OpEx
−$4.1K −$6.51/SF
NOI
$5.1K $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%
$101,180
Cap Rate 7%
$72,271
Cap Rate 9%
$56,211
Alternative Uses
Best Use
Apartment 5plus
$72.3K
$63.2K – $84.3K
NOI $5,059 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.37M
NOI $81,996 @ 7.0% cap · market cap 55.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,527
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo combines a one-bedroom, one-bathroom layout with the convenience of laundry facilities inside the unit.
Where is this residential income property located?
The property is located at 231 STATE STREET #304 Harrisburg, PA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: One bedroom and one bathroom; Laundry facilities located within the unit; Built in 1920
