3-Unit Brick
For Sale
$350,000
3666 DERRY Street, Harrisburg, PA 17111
Multi-Family, HARRISBURG, PA
Property Size3,947 SF
Lot Size0.16 Acres
Price / SF$88.67
Days on Market87
Property Features for 3666 DERRY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Alley, Garage - Detached, On Street
Appliances
Dryer, Oven/Range - Electric, Oven/Range - Gas, Range Hood, Refrigerator, Washer
Subdivision
PAXTANG BOROUGH
Elementary school
PAXTANG
Middle school
SWATARA
High school
CENTRAL DAUPHIN EAST
Elementary school district
CENTRAL DAUPHIN
Middle school district
CENTRAL DAUPHIN
High school district
CENTRAL DAUPHIN
Standard status
Active
Size
3,947 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6185
Utilities
Heating system
Other (Heating), Steam
Building Details
Year built
1923
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Realty
(717) 657-4700
Listed By:
Sherry Enterline · License #RS275663
(717) 497-8015
Added: Jul 3
Changed: Sep 25
Last Checked: Sep 27 at 9:06PM
MLS# PADA2061650
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 brick triplex contains three residential units and measures 3,947 square feet. The property occupies a 0.16-acre lot and includes a detached garage. Recent improvements include a new roof on both sides of the property and a high-efficiency furnace. Appliances conveyed with the sale include a washer, dryer, refrigerator, range, and range hood.
Heating is described as steam and other heating. Parking options include the detached garage, alley access, and on-street parking. The building dates to 1923.
Heating is described as steam and other heating. Parking options include the detached garage, alley access, and on-street parking. The building dates to 1923.
Key Highlights
- Three residential units in a 3,947‑square‑foot brick building
- 0.16‑acre lot
- New roof installed on both sides and a high‑efficiency furnace
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
$31,396
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
8.97%
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%
$627,920
$627.9K
Cap Rate 7%
$448,514
$448.5K
Cap Rate 9%
$348,844
$348.8K
Market Conditions
NOI Build-Up for 3,947 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
$62.0K $15.72/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$57.1K $14.46/SF
− OpEx
−$25.7K −$6.51/SF
NOI
$31.4K $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%
$627,920
Cap Rate 7%
$448,514
Cap Rate 9%
$348,844
Alternative Uses
Best Use
Multifamily LT 5
$503.3K
$440.4K – $587.2K
NOI $35,230 @ 7.0% cap · market cap 10.07%
Second Best
Apartment 5plus
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 8.97%
Theoretical Best
Specialty Retail
$7.27M
$6.36M – $8.48M
NOI $508,867 @ 7.0% cap · market cap 145.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 17111, PA
36,557
Population
14,880
Households
2.5
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
18.4 sq mi
ZIP Area
1,987
Density / Sq Mi
$84,314
Median Household Income
$47,256
Median Earnings
$1,309
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A detached garage and included appliances add practical features to this three-unit residential property.
Where is this triplex located?
The property is located at 3666 DERRY 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: Three residential units in a 3,947‑square‑foot brick building; 0.16‑acre lot; New roof installed on both sides and a high‑efficiency furnace
