Two-Unit Brick
New
For Sale
$220,000
99 N 17TH Street, Harrisburg, PA 17103
MULTI_FAMILY - HARRISBURG, PA
Property Size2,260 SF
Lot Size0.04 Acres
Price / SF$97.35
Days on Market7
Property Features for 99 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Refrigerator, Oven/Range - Electric
Subdivision
NONE AVAILABLE
High school
HARRISBURG HIGH SCHOOL
Elementary school district
HARRISBURG CITY
Middle school district
HARRISBURG CITY
High school district
HARRISBURG CITY
Standard status
Active
Size
2,260 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2502
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1907
Number of units
2
Building materials
Brick
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
MICHAEL T CHAN · License #RS339596
(717) 309-4133
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 12 at 7:06AM
MLS# PADA2061758
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,260-square-foot brick duplex, built in 1907, contains two separate apartments. The first-floor unit offers 1 bedroom and 1 bath, along with front, rear, and side entrances. Upstairs, the 3-bedroom, 1-bath unit includes a side entrance and a second-floor balcony. A basement provides space for two electric water heaters and two 100 amp panel boxes.
Each apartment has a separate electrical meter, electric baseboard heat, and window unit cooling. Tenants pay their own electric service, while the owner pays water, sewer, and trash. The first-floor apartment is occupied by a long-term tenant. On-street parking serves the property at 99 N 17TH Street in Harrisburg, Pennsylvania.
Each apartment has a separate electrical meter, electric baseboard heat, and window unit cooling. Tenants pay their own electric service, while the owner pays water, sewer, and trash. The first-floor apartment is occupied by a long-term tenant. On-street parking serves the property at 99 N 17TH Street in Harrisburg, Pennsylvania.
Key Highlights
- 2,260‑square‑foot duplex on a 0.04‑acre lot
- First‑floor unit has 1 bedroom, 1 bath, and front, rear, and side entrances
- Second‑floor unit includes 3 bedrooms, 1 bath, a side entrance, and balcony
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
$20,172
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
9.17%
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%
$403,440
$403.4K
Cap Rate 7%
$288,171
$288.2K
Cap Rate 9%
$224,133
$224.1K
Market Conditions
NOI Build-Up for 2,260 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
$31.2K $13.80/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$28.8K $12.75/SF
− OpEx
−$8.6K −$3.83/SF
NOI
$20.2K $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 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%
$403,440
Cap Rate 7%
$288,171
Cap Rate 9%
$224,133
Alternative Uses
Best Use
Multifamily LT 5
$288.2K
$252.2K – $336.2K
NOI $20,172 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$256.8K
$224.7K – $299.6K
NOI $17,977 @ 7.0% cap · market cap 8.17%
Theoretical Best
Specialty Retail
$4.16M
$3.64M – $4.86M
NOI $291,371 @ 7.0% cap · market cap 132.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
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?
Duplex - Well-maintained income property with distinct apartments, separate electric metering, and a second-floor balcony.
Where is this duplex located?
The property is located at 99 N 17TH Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,260‑square‑foot duplex on a 0.04‑acre lot; First‑floor unit has 1 bedroom, 1 bath, and front, rear, and side entrances; Second‑floor unit includes 3 bedrooms, 1 bath, a side entrance, and balcony
