Fully Leased Side-by-Side
29-31 South Summit Street Harrisburg, PA 17104
29-31 South Summit Street, Harrisburg, PA, 17104
$350,000
For Sale
$350,000
Two-unit duplex with established occupancy and tenant-paid utilities for a streamlined ownership expense profile.
Property Size1,408 SF
Price / SF$248.58
Days on Market79
Property Features for 29-31 South Summit Street
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
Commerical Industrial Realty Co, Inc.
(717) 992-5734
Listed by
Javier Andres Godoy · License #RS371645
(717) 992-5734
Source
Compass
Added: May 5 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 6:54AM
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 Commerical Industrial Realty Co, Inc.
Investment Insights
Based on property information with market context.
This property is a fully leased, side-by-side duplex designed as a straightforward residential income investment with two separate units under one ownership structure. The operating setup is tenant-responsible for all utilities, while the owner is responsible for taxes and insurance, creating a clean and efficient expense model for the landlord.
Located at 29-31 South Summit Street in Harrisburg City, the asset sits within Dauphin County (MLS area: City of Harrisburg). As an income-producing duplex, it is being offered for sale with current tenants already in place.
For buyers seeking an occupied multifamily holding, this duplex offers immediate rental income continuity through its fully leased status. The division of responsibility for utilities versus owner items can also appeal to operators looking for reduced day-to-day expense variability. With taxes and insurance handled by ownership and utilities managed by tenants, the property’s current framework supports a more hands-on approach focused on standard ownership responsibilities rather than utility billing and administration.
Located at 29-31 South Summit Street in Harrisburg City, the asset sits within Dauphin County (MLS area: City of Harrisburg). As an income-producing duplex, it is being offered for sale with current tenants already in place.
For buyers seeking an occupied multifamily holding, this duplex offers immediate rental income continuity through its fully leased status. The division of responsibility for utilities versus owner items can also appeal to operators looking for reduced day-to-day expense variability. With taxes and insurance handled by ownership and utilities managed by tenants, the property’s current framework supports a more hands-on approach focused on standard ownership responsibilities rather than utility billing and administration.
Key Highlights
- Fully leased side‑by‑side duplex at 29‑31 S Summit Street in Harrisburg City
- Two‑unit multifamily with established occupancy
- Tenants pay all utilities; owner responsible only for taxes and insurance
Local Financial Insights For Multifamily LT 5
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 | $19.4k | $13.80 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $18.0k | $12.75 |
| − OpEx | −$5.4k | −$3.83 |
| NOI | $12.6k | $8.93 |
1,408 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$179.5K
$157.1K – $209.5K
NOI $12,568 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.03M
NOI $181,526 @ 7.0% cap · market cap 51.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with established occupancy and tenant-paid utilities for a streamlined ownership expense profile.
Where is this duplex located?
The property is located at 29-31 South Summit Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully leased side‑by‑side duplex at 29‑31 S Summit Street in Harrisburg City; Two‑unit multifamily with established occupancy; Tenants pay all utilities; owner responsible only for taxes and insurance
