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    4790 Derry St Harrisburg, PA 17111

    Sponsored
    For Sale
    $1,200,000

    Harrisburg, PA: 11 Units, High NOI

    Property size:
    8,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment property, located at 4790 Derry Street in Harrisburg, Pennsylvania, presents a compelling opportunity. The 8,740 square foot building, constructed in 1954 and situated on a 0.38-acre lot, boasts a diverse portfolio of eleven units. The property includes six residential units (five two-bedroom and one one-bedroom), one commercial space with a scheduled rent increase in November 2024, and four storage units complete with coin-operated laundry services. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $85,880, with a pro-forma NOI of $96,836 reflecting potential rental increases. The property features twenty parking spaces and is zoned for Limited Commercial District use. Its prime location offers excellent visibility and accessibility, with frontage on Derry Street and convenient proximity to Interstate 83, Route 322, and the Pennsylvania Turnpike via Interstate 283. The high daily traffic count of 15,247 vehicles per day on Derry Street further enhances the property's investment potential. Detailed financial information is available upon request. This is a turnkey investment ready to generate immediate income and offer significant future growth opportunities. The two-story building is situated in Dauphin County, PA, zip code 17111, and has an APN of 63-014-007.

    Property Features for 4790 Derry St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,740 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1954
    Stories
    2
    Units
    11

    HighLights

    • Fully Leased Derry Street Investment Property in Swatara Township.
    • Six residential units: five 2‑bedroom, one 1‑bedroom.
    • One leased commercial space; rent increase scheduled November 2024.
    • Four leased storage units with coin laundry.
    • Net Operating Income (NOI): $85,880.
    • Pro Forma NOI: $96,836.
    Property Profile Location Intelligence

    Current Use by Public Records

    Get it Now ... Digital Printing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8043218
    Latitude
    40.2587921

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    FAQs

    What type of property is this?
    Mixed-use property - Harrisburg, PA: 11 Units, High NOI
    Where is this mixed-use property located?
    The property is located at 4790 Derry St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Fully Leased Derry Street Investment Property in Swatara Township.; Six residential units: five 2-bedroom, one 1-bedroom.; One leased commercial space; rent increase scheduled November 2024.
    (717) 761-5070
    Request Owner's contact information
    4790 Derry St Harrisburg, PA 17111
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    Harrisburg, PA 17111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4790 Derry St Harrisburg, PA 17111
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