Two-Unit
34 RACE STREET, Highspire, PA 17034
For Sale
New
$215,000
The two-residence layout supports rental use in Highspire, Pennsylvania.
Property Size1,300 SF
Price / SF$165.38
Days on Market2
Property Features for 34 RACE STREET
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams of Central PA
(717) 761-4300
Listed By:
KARA MANNING · License #RS364912
(717) 434-8825
Source:
Cummingsrealtors
Added: Nov 6
Last Checked: Nov 6 at 2:27PM
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 Keller Williams of Central PA
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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.
This Highspire duplex contains two residential units and was built in 1950. Its configuration supports rental use, with both residences contained in one property.
The property is near major highways, the Pennsylvania Turnpike, Harrisburg International Airport, and a train station, providing connections to surrounding areas.
The property is near major highways, the Pennsylvania Turnpike, Harrisburg International Airport, and a train station, providing connections to surrounding areas.
Key Highlights
- Two residential units
- Built in 1950
- Near major highways, the Pennsylvania Turnpike, Harrisburg International Airport, and a train station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,604
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,080
$232.1K
Cap Rate 7%
$165,771
$165.8K
Cap Rate 9%
$128,933
$128.9K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$17.9K $13.80/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$16.6K $12.75/SF
− OpEx
−$5.0K −$3.83/SF
NOI
$11.6K $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%
$232,080
Cap Rate 7%
$165,771
Cap Rate 9%
$128,933
Alternative Uses
Best Use
Multifamily LT 5
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$147.7K
$129.3K – $172.4K
NOI $10,341 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$2.39M
$2.10M – $2.79M
NOI $167,603 @ 7.0% cap · market cap 77.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 17034, PA
2,765
Population
1,553
Households
1.8
Avg Household Size
40
Median Age
20%
College-Educated
92%
High-School Grad
0.8 sq mi
ZIP Area
3,456
Density / Sq Mi
$51,717
Median Household Income
$41,868
Median Earnings
$993
Median Rent
$120,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Dauphin County, PA
Properties on Market for Duplexes in Dauphin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-residence layout supports rental use in Highspire, Pennsylvania.
Where is this duplex located?
The property is located at 34 RACE STREET Highspire, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two residential units; Built in 1950; Near major highways, the Pennsylvania Turnpike, Harrisburg International Airport, and a train station
