Listing Agency: Iron Valley Real Estate of Central PA Show Phone

Listed By: Monique Johnson · License #RS364015 Show Phone

Source: Careyrealtygroup

Added: May 8 Changed: Sep 28 Last Checked: Oct 14 at 11:02PM

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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 Iron Valley Real Estate of Central PA

Investment Insights

Based on property information with market context.

This three-unit residential property contains 1,872 square feet and was built in 1900. Renovation work is underway, and the building is being offered as-is for completion according to the purchaser’s specifications. Unit 1 includes 1 bedroom and 2 bathrooms, while Unit 2 offers 3–4 bedrooms with plumbing for 2 bathrooms. The property also includes a detached 1-car garage and additional off-street parking.

Located at 323 Crescent Street in Harrisburg, the property is zoned RESIDENTIAL and falls within the City of Harrisburg MLS area. Harrisburg High School and the Harrisburg City School District are identified in the property information.

Key Highlights

• Three‑unit property with 1,872 SF
• Unit 1 includes 1 bedroom and 2 bathrooms
• Unit 2 offers 3–4 bedrooms with plumbing for 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,709

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,180 $334.2K

Cap Rate 7%

$238,700 $238.7K

Cap Rate 9%

$185,656 $185.7K

Market Conditions

NOI Build-Up for 1,872 SF

Gross rent

$25.8K $13.80/SF

− Vacancy

−$2.0K −$1.05/SF

EGI

$23.9K $12.75/SF

− OpEx

−$7.2K −$3.83/SF

NOI

$16.7K $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%

$334,180

Cap Rate 7%

$238,700

Cap Rate 9%

$185,656

Alternative Uses

Best Use

Multifamily LT 5

$238.7K

$208.9K – $278.5K (±1% cap)

NOI $16,709 @ 7.0% cap · market cap 8.57%

Second Best

Apartment 5plus

$212.7K

$186.1K – $248.2K (±1% cap)

NOI $14,890 @ 7.0% cap · market cap 7.64%

Theoretical Best

Specialty Retail

$3.45M

$3.02M – $4.02M (±1% cap)

NOI $241,348 @ 7.0% cap · market cap 123.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Storage Facility Acupuncture Catering Service (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

2,027

Businesses Nearby

Explore this area Business Placement

Demographics for 17104, PA

20,058

Population

8,700

Households

2.3

Avg Household Size

32

Median Age

17%

College-Educated

80%

High-School Grad

3.4 sq mi

ZIP Area

5,899

Density / Sq Mi

$42,113

Median Household Income

$31,319

Median Earnings

$953

Median Rent

$102,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Partially renovated residential income property with off-street parking and flexible unit layouts.

Where is this triplex located?

The property is located at 323 CRESCENT ST Harrisburg, PA.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: Three‑unit property with 1,872 SF; Unit 1 includes 1 bedroom and 2 bathrooms; Unit 2 offers 3–4 bedrooms with plumbing for 2 bathrooms