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    Property profile & analytics

    1022 Chambers St Steelton, PA 17113

    • Apartment buildings
    • 5,920 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $1,340,000
    Last Sale
    May 30, 2025
    $1,475,000
    Location Intelligence
    Property ID
    US73-2248031
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1022 Chambers St

    Year built
    1974
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    5,920 SF
    Property type
    Apartment buildings
    APN
    63-060-081
    APU
    63060081

    Description

    This exceptional multifamily investment opportunity consists of a 14-unit apartment building portfolio located at 1022 Chambers St, Harrisburg, PA 17113. The property comprises four buildings, totaling 12,300 square feet on a 0.7-acre lot, featuring a mix of one, two, and three-bedroom units, along with four storage units and one garage. Built in 1944 and 1974, the Class B property boasts 100% occupancy and a current NOI of $118,341, representing a 7.92% cap rate. A pro-forma NOI of $130,125 projects an 8.70% cap rate. Recent capital expenditures totaling $80,000 have upgraded roofs, windows, and HVAC systems. Currently, rents average $969 per unit, significantly below market rates, presenting a substantial value-add opportunity with a potential 12.81% rent increase. The property benefits from its convenient location, just 1.5 miles from I-283 and I-83, providing easy access to downtown Harrisburg and the surrounding region. The strong demographics, with a projected 4.9% population growth, further enhance the investment potential. The asking price is $1,495,000, or $106,785.71 per unit, and the property is offered fee simple. The permitted zoning is residential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,525,000
      6.5%
      $1,585,000
      7%
      $1,550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,760,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,330,000
      Retail
      $1,345,000
      Mixed-Use
      $1,325,000
      Hospitality
      $1,555,000
      Educational
      $1,500,000
      Residential Income
      $1,470,000
      Energy
      $1,580,000
      Income-Based Land
      $1,830,000
      Food Service
      $1,835,000

    Location Insight

    • Map
    • Local Demand
    City
    Steelton
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8151
    Latitude
    40.2362
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,379
    $60,000
    $200,400
    $260,400
    -
    $60,000
    $200,400
    $260,400

    Comparable in this City

    • Value Estimation
      $95,000
      2,434 SF

      28 4th St

      APARTMENT HOUSE (5+ UNITS) • 2,434 SF
      28 4th St, Steelton, PA 17113-2369
      View Details
    • Value Estimation
      $800,000
      50,472 SF

      3rd State St

      APARTMENT HOUSE (5+ UNITS) • 50,472 SF
      3rd State St, Steelton, PA 17113
      View Details
    • Value Estimation
      $430,000
      1,232 SF

      369 Harrisburg St

      APARTMENT HOUSE (5+ UNITS) • 1,232 SF
      369 Harrisburg St, Oberlin, PA 17113-1345
      View Details
    • Value Estimation by Request
      3,553 SF

      847 Mohn St

      APARTMENT HOUSE (5+ UNITS) • 3,553 SF
      847 Mohn St, Steelton, PA 17113-2000
      View Details
    • Value Estimation by Request
      4,416 SF

      400 Mohn St

      APARTMENT HOUSE (5+ UNITS) • 4,416 SF
      400 Mohn St, Steelton, PA 17113-2019
      View Details
    • Value Estimation
      $245,000
      3,256 SF

      317 Frnt St

      APARTMENT HOUSE (5+ UNITS) • 3,256 SF
      317 Frnt St, Steelton, PA 17113-2542
      View Details

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    Similar Nearby for Lease

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      High-traffic retail space, ample parking.
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      View Details
    • Contact for pricing
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    • $19 SF/Yr
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      Office Space with City Views

      Office space for rent with breathtaking city and river views.
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    • $23 SF/Yr
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    1022 Chambers St
    Steelton, PA 17113
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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
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