Two-Unit Duplex with Solar
For Sale
$265,000
2345 GREEN STREET, Harrisburg, PA 17110
Two residential units offer matching layouts, shared basement storage, and access to a rear yard near the river.
Property Size1,836 SF
Price / SF$144.34
Days on Market9
Property Features for 2345 GREEN STREET
General Information
Standard status
Active
Size
1,836 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
community washer/dryer
rear yard
extra storage space
solar panels
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Realty ONE Group Unlimited
(717) 569-1700
Listed By:
Kimberly B Rudis · License #RS302299
(717) 572-3818
Source:
Cummingsrealtors
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 11 at 8:08AM
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 Realty ONE Group Unlimited
Investment Insights
Based on property information with market context.
This 1,836-square-foot duplex at 2345 Green Street includes two residential units arranged across separate levels. Each unit provides a living room, kitchen, full bathroom, and two bedrooms. The basement contains shared laundry equipment, mechanical systems, and additional storage. Solar panels convey with the property.
Outdoor space includes a rear yard serving both units. The property is near the river and is located in Harrisburg, PA. Unit One is leased through 1/31/2026, while Unit Two is scheduled to vacate on 8/31/2026. Professional property management has been in place, and the building was constructed in 1962.
Outdoor space includes a rear yard serving both units. The property is near the river and is located in Harrisburg, PA. Unit One is leased through 1/31/2026, while Unit Two is scheduled to vacate on 8/31/2026. Professional property management has been in place, and the building was constructed in 1962.
Key Highlights
- Two‑unit duplex with 1,836 square feet
- Each unit includes a living room, kitchen, full bath, and two bedrooms
- Basement includes community washer/dryer, mechanicals, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,388
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,760
$327.8K
Cap Rate 7%
$234,114
$234.1K
Cap Rate 9%
$182,089
$182.1K
Market Conditions
NOI Build-Up for 1,836 SF
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.
Gross rent
$25.3K $13.80/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$23.4K $12.75/SF
− OpEx
−$7.0K −$3.83/SF
NOI
$16.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,760
Cap Rate 7%
$234,114
Cap Rate 9%
$182,089
Alternative Uses
Best Use
Multifamily LT 5
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.95M
NOI $236,706 @ 7.0% cap · market cap 89.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching layouts, shared basement storage, and access to a rear yard near the river.
Where is this duplex located?
The property is located at 2345 GREEN STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,836 square feet; Each unit includes a living room, kitchen, full bath, and two bedrooms; Basement includes community washer/dryer, mechanicals, and storage
