Mixed-Use Property with Two
For Sale
$339,900
2448 Walnut St, Harrisburg, PA 17103
First-floor commercial space is paired with two one-bedroom residential units.
Property Size2,600 SF
Price / SF$130.73
Days on Market67
Property Features for 2448 Walnut St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,218
Amenities
shared powder room
shared washer/dryer
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(717) 761-4800
Listed By:
LORETTA CAMPBELL · License #RS214557L
(717) 503-4999
Source:
Exprealty
Added: Aug 15
Changed: Oct 17
Last Checked: Oct 19 at 1:03PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,600 SF mixed-use property combines commercial and residential occupancy within a multi-level building. The first floor contains commercial leased space with a shared powder room for patrons. Two residential leases occupy the upper level, with each unit configured as a one-bedroom apartment.
A parking lot accommodates 6+ customers at a time, with additional off-street parking also available. The basement is accessible to all occupants and includes shared washer and dryer facilities. The property also has long-term tenants in place across the commercial and residential spaces.
A parking lot accommodates 6+ customers at a time, with additional off-street parking also available. The basement is accessible to all occupants and includes shared washer and dryer facilities. The property also has long-term tenants in place across the commercial and residential spaces.
Key Highlights
- 2,600 SF mixed‑use property at 2448 Walnut St, Harrisburg, PA
- First‑floor commercial leases with shared patron powder room
- Two upstairs residential leases, each with 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,207
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,140
$464.1K
Cap Rate 7%
$331,529
$331.5K
Cap Rate 9%
$257,856
$257.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$35.9K $13.80/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$33.2K $12.75/SF
− OpEx
−$9.9K −$3.83/SF
NOI
$23.2K $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%
$464,140
Cap Rate 7%
$331,529
Cap Rate 9%
$257,856
Alternative Uses
Best Use
Mixed Use
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 9.29%
Second Best
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$4.79M
$4.19M – $5.59M
NOI $335,205 @ 7.0% cap · market cap 98.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space is paired with two one-bedroom residential units.
Where is this mixed-use property located?
The property is located at 2448 Walnut St Harrisburg, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,600 SF mixed‑use property at 2448 Walnut St, Harrisburg, PA; First‑floor commercial leases with shared patron powder room; Two upstairs residential leases, each with 1 bedroom
