Two-Unit Duplex with Rear
New
For Sale
$210,000
32 S HARRISBURG Street, Steelton, PA 17113
Multi-Family, STEELTON, PA
Property Size2,334 SF
Lot Size0.04 Acres
Price / SF$89.97
Days on Market2
Property Features for 32 S HARRISBURG Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
High school
STEELTON-HIGHSPIRE JR-SR HIGH SCHOOL
Elementary school district
STEELTON-HIGHSPIRE
Middle school district
STEELTON-HIGHSPIRE
High school district
STEELTON-HIGHSPIRE
Standard status
Active
Size
2,334 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3964
Utilities
Heating system
Hot Water(Heating)
Amenities
washer/dryer hookups
wash tub in basement
front porch
rear deck
Building Details
Year built
1913
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
RE/MAX Realty Associates · RE/MAX International
(717) 761-6300
Listed By:
Joseph Ryan Chirdon · License #RS348043
(717) 329-1897
Added: Aug 27
Last Checked: Aug 28 at 11:06PM
MLS# PADA2063528
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 2,334-square-foot frame duplex, built in 1913, contains two distinct residences. The first-floor apartment has one bedroom and one bathroom and is occupied by a long-term tenant. The upper residence spans the second and third floors and includes three bedrooms and one bathroom; it is currently vacant. Both units have tenant-paid gas and electric utilities, while water is not separately metered.
Property features include a basement with laundry connections and a wash tub, along with a front porch and rear deck. Parking is provided on the street. The property sits on a 0.04-acre lot at 32 S Harrisburg Street in Steelton, Dauphin County, Pennsylvania, and is offered strictly as-is.
Property features include a basement with laundry connections and a wash tub, along with a front porch and rear deck. Parking is provided on the street. The property sits on a 0.04-acre lot at 32 S Harrisburg Street in Steelton, Dauphin County, Pennsylvania, and is offered strictly as-is.
Key Highlights
- Two‑unit duplex with 2,334 square feet of building area
- First‑floor 1‑bedroom, 1‑bath unit is occupied by a long‑term tenant
- Vacant second-/third‑floor residence offers 3 bedrooms and 1 bath
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
$18,565
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
8.84%
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%
$371,300
$371.3K
Cap Rate 7%
$265,214
$265.2K
Cap Rate 9%
$206,278
$206.3K
Market Conditions
NOI Build-Up for 2,334 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
$36.7K $15.72/SF
− Vacancy
−$2.9K −$1.26/SF
EGI
$33.8K $14.46/SF
− OpEx
−$15.2K −$6.51/SF
NOI
$18.6K $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 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%
$371,300
Cap Rate 7%
$265,214
Cap Rate 9%
$206,278
Alternative Uses
Best Use
Multifamily LT 5
$297.6K
$260.4K – $347.2K
NOI $20,833 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,565 @ 7.0% cap · market cap 8.84%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.02M
NOI $300,911 @ 7.0% cap · market cap 143.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
422
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences include a leased one-bedroom apartment and a vacant upper-level three-bedroom unit.
Where is this duplex located?
The property is located at 32 S HARRISBURG Street Steelton, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,334 square feet of building area; First‑floor 1‑bedroom, 1‑bath unit is occupied by a long‑term tenant; Vacant second-/third‑floor residence offers 3 bedrooms and 1 bath
