2-Unit
New
For Sale
$245,000
451 MAIN STREET, Harrisburg, PA 17113
Both residences are vacant, and each has its own electric meter.
Property Size2,146 SF
Price / SF$114.17
Days on Market5
Property Features for 451 MAIN STREET
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1980
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 761-7900
Listed By:
MICHAEL VOGEL · License #RS330734
(717) 579-7889
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:39PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two residences, each with 2 bedrooms and 1 bathroom. The property totals 2,146 square feet, with each unit measuring more than 1,000 square feet. Separate electric meters serve the units, and there are no current tenants or leases.
The property is in Bressler, within the Central Dauphin School District, with Harrisburg and Middletown identified as nearby destinations.
The property is in Bressler, within the Central Dauphin School District, with Harrisburg and Middletown identified as nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,146 square feet total; each unit is over 1,000 square feet
- Separate electric meter for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,155
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,100
$383.1K
Cap Rate 7%
$273,643
$273.6K
Cap Rate 9%
$212,833
$212.8K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$29.6K $13.80/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$27.4K $12.75/SF
− OpEx
−$8.2K −$3.83/SF
NOI
$19.2K $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%
$383,100
Cap Rate 7%
$273,643
Cap Rate 9%
$212,833
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.3K
NOI $19,155 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,673 @ 7.0% cap · market cap 112.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 17113, PA
11,649
Population
4,955
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
4.2 sq mi
ZIP Area
2,774
Density / Sq Mi
$60,554
Median Household Income
$32,681
Median Earnings
$1,091
Median Rent
$141,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, and each has its own electric meter.
Where is this duplex located?
The property is located at 451 MAIN STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,146 square feet total; each unit is over 1,000 square feet; Separate electric meter for each unit
