7-Unit Apartment
New
For Sale
$650,000
5505 N FRONT STREET, Harrisburg, PA 17110
Stone construction and a riverfront setting distinguish this multifamily property.
Property Size7,500 SF
Lot Size1.46 Acres
Price / SF$86.67
Days on Market5
Property Features for 5505 N FRONT STREET
General Information
Standard status
Active
Size
7,500 SF
Lot size
1.46 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1938
Construction
stone
Listing Agency:
Stephen Fleming Realty
(717) 774-7653
Listed By:
Stephen M. Fleming · License #RM424081
(717) 443-2383
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 7:53PM
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 Stephen Fleming Realty
Investment Insights
Based on property information with market context.
Built in 1938, the stone property occupies 1.46 acres along the river. Its residential configuration includes a six-unit apartment building and a two-car garage identified as unit 7. Recent improvements include a new roof, and the grounds provide off-street parking and outdoor space.
The property is on N Front St, north of Fort Hunter, with access to Rte 322 and the City of Harrisburg.
The property is on N Front St, north of Fort Hunter, with access to Rte 322 and the City of Harrisburg.
Key Highlights
- Seven‑unit property with a six‑unit apartment building and two‑car garage identified as unit 7
- 1.46‑acre riverfront site
- Stone construction; built in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,657
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,140
$1.2M
Cap Rate 7%
$852,243
$852.2K
Cap Rate 9%
$662,856
$662.9K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$117.9K $15.72/SF
− Vacancy
−$9.4K −$1.26/SF
EGI
$108.5K $14.46/SF
− OpEx
−$48.8K −$6.51/SF
NOI
$59.7K $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%
$1,193,140
Cap Rate 7%
$852,243
Cap Rate 9%
$662,856
Alternative Uses
Best Use
Apartment 5plus
$852.2K
$745.7K – $994.3K
NOI $59,657 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.81M
$12.09M – $16.12M
NOI $966,938 @ 7.0% cap · market cap 148.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 17110, PA
27,239
Population
12,246
Households
2.2
Avg Household Size
40
Median Age
41%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
1,828
Density / Sq Mi
$79,499
Median Household Income
$51,428
Median Earnings
$1,400
Median Rent
$206,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stone construction and a riverfront setting distinguish this multifamily property.
Where is this apartment building located?
The property is located at 5505 N FRONT STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Seven‑unit property with a six‑unit apartment building and two‑car garage identified as unit 7; 1.46‑acre riverfront site; Stone construction; built in 1938
