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    Mutli-Family Portfolio Midtown Harrisburg Harrisburg, PA 17104

    Sponsored
    For Sale
    $3,995,000

    42-Unit Multifamily Complex, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multifamily investment opportunity presents a 42-unit portfolio in Harrisburg, Pennsylvania's desirable Midtown area. The property comprises eight buildings, featuring a mix of 22 one-bedroom and 12 two-bedroom apartment units, along with eight commercial storefront units. The portfolio boasts a strong net operating income (NOI) of $287,297, yielding a compelling 7.19% capitalization rate at an asking price of $3,995,000. This translates to an attractive price per unit of $95,119. Several units have undergone recent renovations and command market-rate rents, while others present a significant value-add opportunity through rent increases. The property also includes approximately 36 parking spaces distributed across two parking lots, providing ample parking for residents and commercial tenants. Located on a prime block in Harrisburg, this portfolio offers a rare chance to acquire a well-positioned multifamily asset with substantial upside potential. The existing unit mix and the potential for rent growth make this an attractive investment for both seasoned and emerging real estate investors seeking a strong return on investment in a thriving Pennsylvania market. The property's address is in Dauphin County, PA, zip code 17104.

    Property Features for 0 Mutli-Family Portfolio Midtown Harrisburg

    General Information

    Property type
    Multifamily properties

    Building Details

    Buildings
    8
    Units
    42

    HighLights

    • $3,995,000 Asking Price, 7.19% Cap Rate, $287,297 NOI
    • 42 Units in 8 Buildings, 2 Parking Lots (approx. 36 spaces)
    • $95,119 Price Per Unit
    • Midtown Harrisburg, PA location
    • Multifamily portfolio with 34 apartment units and 8 commercial storefront units. Significant value‑add opportunity due to below‑market rents in many units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.857682
    Latitude
    40.255136

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    FAQs

    What type of property is this?
    Multifamily property - 42-Unit Multifamily Complex, High ROI
    Where is this multifamily property located?
    The property is located at Mutli-Family Portfolio Midtown Harrisburg Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: $3,995,000 Asking Price, 7.19% Cap Rate, $287,297 NOI; 42 Units in 8 Buildings, 2 Parking Lots (approx. 36 spaces); $95,119 Price Per Unit
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    Mutli-Family Portfolio Midtown Harrisburg Harrisburg, PA 17104
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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
    Mutli-Family Portfolio Midtown Harrisburg Harrisburg, PA 17104
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