Victorian Multifamily
New
For Sale
$1,595,000
3760 MONTOUR STREET, Harrisburg, PA 17111
Residential zoning accompanies a historic building with a balcony and parking lot.
Property Size17,650 SF
Price / SF$90.37
Days on Market1
Property Features for 3760 MONTOUR STREET
General Information
Standard status
Active
Size
17,650 SF
Total Parking Spaces
25
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$15,741
Amenities
Wall Unit(s), Electric
Natural Gas, Hot Water, Zoned
Exterior Entry, Full, Partially Finished, Interior Entry
Gas Water Heater
Built-in Features
On Street, Paved, Parking Lot
Balcony
Traditional, Victorian
Building Details
Building Size
17,650 SF
Year Built
1844
Stories
3
Listed By:
Steve Hawbecker
(717) 877-5599
Source:
Evrealestate
Added: Nov 4
Last Checked: Nov 4 at 2:20PM
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 Steve Hawbecker
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Investment Insights
Based on property information with market context.
Built in 1844, this multifamily property has traditional Victorian character and a balcony. Interior features include built-in elements and a partially finished full basement with both interior and exterior entry. Heating includes electric wall units and zoned natural-gas hot water, with a gas water heater.
Parking is available in a paved lot and on the street. The property is zoned RESIDENTIAL and is located in Harrisburg, Pennsylvania.
Parking is available in a paved lot and on the street. The property is zoned RESIDENTIAL and is located in Harrisburg, Pennsylvania.
Key Highlights
- Multifamily property built in 1844
- Traditional Victorian architecture with a balcony
- Partially finished full basement with interior and exterior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,394
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,807,880
$2.8M
Cap Rate 7%
$2,005,629
$2.0M
Cap Rate 9%
$1,559,933
$1.6M
Market Conditions
NOI Build-Up for 17,650 SF
Gross rent
$277.5K $15.72/SF
− Vacancy
−$22.2K −$1.26/SF
EGI
$255.3K $14.46/SF
− OpEx
−$114.9K −$6.51/SF
NOI
$140.4K $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 Rate 5%
$2,807,880
Cap Rate 7%
$2,005,629
Cap Rate 9%
$1,559,933
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.75M – $2.34M
NOI $140,394 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.51M
$28.44M – $37.93M
NOI $2,275,526 @ 7.0% cap · market cap 142.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential zoning accompanies a historic building with a balcony and parking lot.
Where is this multifamily property located?
The property is located at 3760 MONTOUR STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Multifamily property built in 1844; Traditional Victorian architecture with a balcony; Partially finished full basement with interior and exterior entry
