3-Unit Apartment
517 N FRONT ST, Steelton, PA 17113
For Sale
$249,000
Two vacant residences are ready for leasing, while a long-term occupant remains in the third unit.
Property Size2,294 SF
Price / SF$108.54
Days on Market15
Property Features for 517 N FRONT ST
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Multifamily Units
Tenant in Place
Listing Agency:
Astoria Realty Advisors LLC
(717) 425-6264
Listed By:
Christopher J Good · License #RS360289
(717) 821-1610
Source:
Towncentermd
Added: Oct 24
Changed: Nov 6
Last Checked: Nov 6 at 2:12PM
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 Astoria Realty Advisors LLC
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Investment Insights
Based on property information with market context.
This 2,294-square-foot apartment property contains three units. Two are vacant and prepared for occupancy; the third has a long-term tenant. Off-street parking is available, and existing professional management may be retained by a new owner.
The property is on Steelton’s Front Street corridor within the Steelton-Highspire School District. Harrisburg’s riverfront trails and City Island, Steelton’s skate park, The Steel Works, and The Brickyard are nearby.
The property is on Steelton’s Front Street corridor within the Steelton-Highspire School District. Harrisburg’s riverfront trails and City Island, Steelton’s skate park, The Steel Works, and The Brickyard are nearby.
Key Highlights
- Three‑unit apartment building totaling 2,294 square feet
- Two vacant units are ready for occupancy; the third has a long‑term tenant
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,476
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,520
$409.5K
Cap Rate 7%
$292,514
$292.5K
Cap Rate 9%
$227,511
$227.5K
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$29.3K $12.75/SF
− OpEx
−$8.8K −$3.83/SF
NOI
$20.5K $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%
$409,520
Cap Rate 7%
$292,514
Cap Rate 9%
$227,511
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,476 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,247 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$4.23M
$3.70M – $4.93M
NOI $295,754 @ 7.0% cap · market cap 118.78%
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
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
223
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two vacant residences are ready for leasing, while a long-term occupant remains in the third unit.
Where is this triplex located?
The property is located at 517 N FRONT ST Steelton, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Three‑unit apartment building totaling 2,294 square feet; Two vacant units are ready for occupancy; the third has a long‑term tenant; Off‑street parking
