5-Unit Multifamily Income
For Sale
$750,000
6000 Chambers Hill Rd, Harrisburg, PA 17111
Five-unit multifamily property with all 2-bedroom, 2-bath apartments and on-site parking on a 1.05-acre parcel.
Property Size4,300 SF
Lot Size1.05 Acres
Price / SF$174.42
Days on Market105
Property Features for 6000 Chambers Hill Rd
General Information
Standard status
Active
Size
4,300 SF
Lot size
1.05 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,351
Building Details
Tenancy
Multi
Listing Agency:
Scope Commercial Real Estate Services, Inc.
(215) 302-4400
Listed By:
Philip Sharrow
(215) 302-4400
Source:
Exprealty
Added: May 14
Changed: Aug 25
Last Checked: Aug 26 at 1:26PM
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 Scope Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Scope Commercial Real Estate presents 6000 Chambers Hill Road, a 5-unit multifamily income-producing property. The building includes approximately 4,300 rentable square feet and a unit mix consisting entirely of 2-bedroom, 2-bathroom apartments, with one oversized unit and four standard units. The property is described as stabilized with in-place cash flow.
Located in an established residential and commercial corridor of Harrisburg, Pennsylvania, the asset is positioned in a suburban setting with convenient access to major employment centers and regional highways. On-site parking is available for tenants.
The configuration is designed for consistent residential occupancy, with all units fitting the same overall two-bedroom, two-bath layout while providing variation through one oversized apartment.
Located in an established residential and commercial corridor of Harrisburg, Pennsylvania, the asset is positioned in a suburban setting with convenient access to major employment centers and regional highways. On-site parking is available for tenants.
The configuration is designed for consistent residential occupancy, with all units fitting the same overall two-bedroom, two-bath layout while providing variation through one oversized apartment.
Key Highlights
- 5‑unit multifamily property with all 2‑bedroom, 2‑bath apartments
- Approximately 4,300 rentable SF on a 1.05‑acre parcel
- Unit mix includes one oversized 2BR/2BA unit plus four standard units
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
$34,204
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
4.56%
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%
$684,080
$684.1K
Cap Rate 7%
$488,629
$488.6K
Cap Rate 9%
$380,044
$380.0K
Market Conditions
NOI Build-Up for 4,300 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
$67.6K $15.72/SF
− Vacancy
−$5.4K −$1.26/SF
EGI
$62.2K $14.46/SF
− OpEx
−$28.0K −$6.51/SF
NOI
$34.2K $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%
$684,080
Cap Rate 7%
$488,629
Cap Rate 9%
$380,044
Alternative Uses
Best Use
Apartment 5plus
$488.6K
$427.6K – $570.1K
NOI $34,204 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.92M
$6.93M – $9.24M
NOI $554,378 @ 7.0% cap · market cap 73.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
244
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
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 - Five-unit multifamily property with all 2-bedroom, 2-bath apartments and on-site parking on a 1.05-acre parcel.
Where is this apartment building located?
The property is located at 6000 Chambers Hill Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5‑unit multifamily property with all 2‑bedroom, 2‑bath apartments; Approximately 4,300 rentable SF on a 1.05‑acre parcel; Unit mix includes one oversized 2BR/2BA unit plus four standard units
