Three-Unit Residential Income
For Sale
$195,000
323 CRESCENT Street, Harrisburg, PA 17104
MULTI_FAMILY - Other - HARRISBURG, PA
Property Size1,872 SF
Lot Size0.06 Acres
Price / SF$104.17
Days on Market99
Property Features for 323 CRESCENT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Off Street, On Street, Garage - Detached
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
1,872 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1405
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams of Central PA · Keller Williams Realty
(717) 761-4300
Listed By:
Monique Johnson · License #RS364015
(717) 678-1725
Added: May 6
Changed: Jul 13
Last Checked: Aug 12 at 1:06PM
MLS# PADA2058432
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 for-sale three-unit residential income property includes three separate units with a flexible layout. Unit 1 offers 1 bedroom and 2 bathrooms. Unit 2 includes 3–4 bedrooms and plumbing for 2 bathrooms. The property also features a detached one-car garage and additional off-street parking. The sale is being offered as-is.
Renovations have been started and are step-in and complete, providing the opportunity to finish the project to your own specifications.
With a compact lot size and a total building size of 1,872 square feet, this property is well suited for investors or owner-occupants seeking a value-add residential income configuration.
Renovations have been started and are step-in and complete, providing the opportunity to finish the project to your own specifications.
With a compact lot size and a total building size of 1,872 square feet, this property is well suited for investors or owner-occupants seeking a value-add residential income configuration.
Key Highlights
- 3‑unit property with flexible layout for investors or owner‑occupants
- Unit 1 offers 1 bedroom and 2 bathrooms
- Unit 2 has 3–4 bedrooms with plumbing for 2 bathrooms
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
$16,709
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
8.57%
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%
$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
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
$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 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%
$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
NOI $16,709 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$3.45M
$3.02M – $4.02M
NOI $241,348 @ 7.0% cap · market cap 123.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,986
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with a detached one-car garage and additional off-street parking, sold as-is.
Where is this triplex located?
The property is located at 323 CRESCENT Street 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: 3‑unit property with flexible layout for investors or owner‑occupants; Unit 1 offers 1 bedroom and 2 bathrooms; Unit 2 has 3–4 bedrooms with plumbing for 2 bathrooms
