Harrisburg Multifamily Property for
For Sale
$430,000
2805-2807 Banks Street, Penbrook, PA 17103
Multifamily property in Penbrook Boro, Harrisburg, PA.
Property Size2,900 SF
Price / SF$148.28
Days on Market135
Property Features for 2805-2807 Banks Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1997
Listing Agency:
VIP Realty Group, LLC
(717) 439-8867
Listed By:
Greg M. Burston · License #RM424395
(717) 439-8867
Source:
Compass
Added: Mar 21
Changed: Jul 10
Last Checked: Aug 2 at 11:29AM
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 VIP Realty Group, LLC
Investment Insights
Based on property information with market context.
Located in Penbrook Boro, Harrisburg, this multifamily property offers approximately 2900 square feet of space. The property is situated within the Central Dauphin School District and is served by Central Dauphin East High School. The School District County ID is 300200397406.
Key Highlights
- Located in Penbrook Boro (14048)
- Situated within the Central Dauphin School District
- Zoned for Central Dauphin East High School
Financial Insights For Apartment 5plus
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 | $45.6k | $15.72 |
| − Vacancy | −$3.6k | −$1.26 |
| EGI | $41.9k | $14.46 |
| − OpEx | −$18.9k | −$6.51 |
| NOI | $23.1k | $7.95 |
2,900 SF · lease $15.72/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$329.5K
$288.4K – $384.5K
NOI $23,068 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.34M
$4.67M – $6.23M
NOI $373,883 @ 7.0% cap · market cap 86.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Penbrook Boro, Harrisburg, PA.
Where is this multifamily property located?
The property is located at 2805-2807 Banks Street Penbrook, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Located in Penbrook Boro (14048); Situated within the Central Dauphin School District; Zoned for Central Dauphin East High School
