Brick Duplex with Solar
New
For Sale
$265,000
2345 GREEN Street, Harrisburg, PA 17110
Multi-Family, HARRISBURG, PA
Property Size1,836 SF
Lot Size0.06 Acres
Price / SF$144.34
Days on Market5
Property Features for 2345 GREEN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
1,836 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2686
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Amenities
community washer/dryer
extra storage space
rear yard
Building Details
Year built
1962
Number of units
2
Building materials
Brick
Listing Agency:
Realty ONE Group Unlimited
(717) 569-1700
Listed By:
Kimberly B Rudis · License #RS302299
(717) 572-3818
Added: Sep 8
Last Checked: Sep 12 at 12:06AM
MLS# PADA2063416
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.
Investment Insights
Based on property information with market context.
This 2-unit residential property contains 1836 square feet on a 0.06-acre lot. Each level provides a living room, kitchen, full bathroom, and two bedrooms. The basement adds shared laundry, mechanical space, and storage. Solar panels convey with the property.
Built in 1962 with brick construction, the building has baseboard and electric heating, window unit cooling, and on-street parking. Both units share access to a rear yard. The property is within walking distance of the river and is located in Harrisburg, PA.
Built in 1962 with brick construction, the building has baseboard and electric heating, window unit cooling, and on-street parking. Both units share access to a rear yard. The property is within walking distance of the river and is located in Harrisburg, PA.
Key Highlights
- 2‑unit residential property with 1836 square feet
- Each unit includes a living room, kitchen, full bath, and two bedrooms
- Basement provides community washer/dryer, mechanicals, and extra 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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Open Analytics
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
Check the figures for this property
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 feature matching layouts with living areas, kitchens, full baths, and two bedrooms.
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: 2‑unit residential property with 1836 square feet; Each unit includes a living room, kitchen, full bath, and two bedrooms; Basement provides community washer/dryer, mechanicals, and extra storage
