5-Unit Mixed-Use
29-31 N Front Street, Steelton, PA 17113
For Sale
$420,000
Pending
Four apartments and a storefront are complemented by a two-car garage.
Property Size4,000 SF
Days on Market19
Property Features for 29-31 N Front Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Mixed-Use Components
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Yes
No
Estimated
No Pool
Public
0.14
Alley,Off Street
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
REDHOT Realty Services, LLC
(717) 412-0254
Listed By:
DON ADAMS
Source:
Jmdiamondrealty
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 9:10PM
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 REDHOT Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this mixed-use property contains four apartments and a storefront, with commercial zoning. Apartment interiors include refinished original hardwood flooring in most units and wood-and-glass built-ins in some. Recent improvements include a rubber roof, gas boiler-furnace, gas water heater, double-pane windows, updated kitchens and baths, appliances, drywall and drop ceilings, exterior steps, and an underground sewer line to the street. A brick two-car garage provides additional space on the 0.14-acre property.
The building is in Steelton and has alley and off-street access. The reported cap rate is 11%.
The building is in Steelton and has alley and off-street access. The reported cap rate is 11%.
Key Highlights
- Four apartments and one storefront
- Commercial zoning
- Brick two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,817
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,340
$636.3K
Cap Rate 7%
$454,529
$454.5K
Cap Rate 9%
$353,522
$353.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$62.9K $15.72/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$57.8K $14.46/SF
− OpEx
−$26.0K −$6.51/SF
NOI
$31.8K $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%
$636,340
Cap Rate 7%
$454,529
Cap Rate 9%
$353,522
Alternative Uses
Best Use
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 11.57%
Second Best
Retail
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $515,700 @ 7.0% cap · market cap 122.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 17113, PA
11,649
Population
4,955
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
4.2 sq mi
ZIP Area
2,774
Density / Sq Mi
$60,554
Median Household Income
$32,681
Median Earnings
$1,091
Median Rent
$141,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Dauphin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and a storefront are complemented by a two-car garage.
Where is this mixed-use property located?
The property is located at 29-31 N Front Street Steelton, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four apartments and one storefront; Commercial zoning; Brick two‑car garage
