106 State St Harrisburg, PA 17101-1024
- Investment properties
- 2,648 SF
- 0.02 lot acres
Current Use by Public Records
- Investment properties
Property Details for 106 State St
- Year built
- 1860
- Lot size
- 0.02 lot acres
- Property size
- 2,648 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04-034-006
- APU
- 4034006
Description
This charming three-unit apartment building, constructed in 1860 and renovated in 2014, presents a unique investment opportunity in Harrisburg, Pennsylvania. Located at 106 State Street, this property boasts 2,648 square feet on a 0.02-acre lot (APN 04-034-006) and is situated in a highly desirable neighborhood between North Front Street and the Pennsylvania State Capitol building. The building features three stories, large windows providing ample natural light, and private entrances for each unit. Its permitted zoning is Riverfront, reflecting its prime location near Riverfront Park and the Capital Area Greenbelt. The property benefits from its proximity to major employers such as the Pennsylvania State Capitol Complex, UPMC Harrisburg Hospital, and the Sylvia H. Rambo United States Federal Courthouse, as well as numerous amenities including City Island, Strawberry Square, and various restaurants and cafes. Easy access to major transportation arteries, including I-83, I-76 (PA Turnpike), I-81, the Harrisburg Transportation Center (Amtrak, Greyhound, and local transit), and Harrisburg International Airport, further enhances its appeal. The asking price for this well-maintained historic property is $295,000. Downtown Harrisburg's ongoing revitalization and increased investment make this a compelling opportunity for investors seeking a strong return in a vibrant urban setting. This property offers a blend of historic character and modern convenience in a location that is both walkable and easily accessible to major transportation routes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $160,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $160,000
- Mixed-Use
- $170,000
- Hospitality
- $155,000
- Educational
- $145,000
- Residential Income
- $180,000
- Energy
- $185,000
- Income-Based Land
- $165,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8884
- Latitude
- 40.2628
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
