Brick
New
For Sale
$254,900
617 N 2ND STREET, Harrisburg, PA 17101
One apartment is leased, while the upper residence is vacant and available for occupancy.
Property Size1,620 SF
Price / SF$157.35
Days on Market6
Property Features for 617 N 2ND STREET
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1900
Buildings
1
Stories
3
Construction
brick
Tenancy
Single
Listing Agency:
Midtown Property Management
(717) 553-7541
Listed By:
Angela Tatum · License #RS367670
(717) 599-4495
Source:
Cummingsrealtors
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 3:27PM
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 Midtown Property Management
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Investment Insights
Based on property information with market context.
Dating to 1900, this brick duplex contains 1,620 finished square feet across three floors. The first-floor apartment has one bedroom and is occupied. The upper residence spans the second and third floors, with one bedroom on the second level and two on the third; it is vacant. The two-unit layout provides separate living spaces within a single building.
Key Highlights
- 1,620 finished square feet in a brick duplex
- Built in 1900
- First‑floor apartment has 1 bedroom and is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,460
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,200
$289.2K
Cap Rate 7%
$206,571
$206.6K
Cap Rate 9%
$160,667
$160.7K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$22.4K $13.80/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$20.7K $12.75/SF
− OpEx
−$6.2K −$3.83/SF
NOI
$14.5K $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%
$289,200
Cap Rate 7%
$206,571
Cap Rate 9%
$160,667
Alternative Uses
Best Use
Multifamily LT 5
$206.6K
$180.8K – $241.0K
NOI $14,460 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$184.1K
$161.1K – $214.8K
NOI $12,886 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,859 @ 7.0% cap · market cap 81.94%
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,343
Businesses Nearby
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Business Placement
Demographics for 17101, PA
2,901
Population
2,190
Households
1.3
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
5,802
Density / Sq Mi
$70,100
Median Household Income
$59,114
Median Earnings
$984
Median Rent
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is leased, while the upper residence is vacant and available for occupancy.
Where is this duplex located?
The property is located at 617 N 2ND STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 1,620 finished square feet in a brick duplex; Built in 1900; First‑floor apartment has 1 bedroom and is occupied
