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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Apartment buildings
1841 3rd St Harrisburg, PA 17102-1863
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0832208
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
13,716 SF
Lot
0.52 ac (22,673 SF)
APN
11-015-075
UPID
US73-0832208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Glass Factory Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.99M
Owner & transaction history
Glass Factory 1841 LLC · 4 yrs held
Glass Factory 1841 LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+113.3%
Medical building
$2.0M
+67.2%
Retail stores
$1.9M
+60.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Harrisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,035,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,205,000
Current use
AUTO REPAIR, GARAGE
$2,570,000
Change: +113% · Conversion: Difficult
MEDICAL BUILDING
$2,015,000
Change: +67% · Conversion: Moderate
RETAIL STORES
$1,935,000
Change: +61% · Conversion: Difficult
RESTAURANT
$1,890,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,390,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.33M (Jan 5 2022)
Last sale anchor
$2.33M
Jan 5 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,921
Tax year 2023
Assessed value
$576,900
Assessed 2024
Previous assessed
$576,900
+0.0% YoY
Effective rate
4.67%
On assessed value
Assessed land
$78,200
Assessed improvement
$498,700
Land market value
$78,200
Improvement market value
$498,700
Total market value
$576,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
13,716 SF
Lot
0.52 ac (22,673 SF)
APN
11-015-075
UPID
US73-0832208
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Glass Factory 1841 LLC
Entity
Mailing address
3405 N 6TH ST, HARRISBURG, PA 17110-1486
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Glass Factory 1841 LLC
—
Deed
related
$550,000 · Members 1st FCU
Jan 5, 2022
$2,330,000
Glass Factory 1841 LLC
Skynet 1841 LP
Deed
$1,580,000 · Members 1st FCU
Jul 17, 2019
—
Skynet 1841 LP
—
Deed
related
$1,650,000 · Peoples Bank
Apr 28, 2017
—
Skynet 1841 LP
—
Deed
related
$2,693,650 · Peoples Bank
Nov 8, 2012
$200,000
Skynet 1841 LP
Mj Trust Properties LLC
Grant Deed
—
Nov 8, 2012
—
Skynet 1841 LP
Skynet 1841 LP
Quit Claim Deed
related
$1,070,000 · Metropolitan Bank
Jul 17, 2008
$275,000
Mj Trust Properties LLC
Integrity Bank
Grant Deed
$220,000 · Integrity Bank
Feb 7, 2008
$149,240
Integrity Bank
Samundar Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Sep 15, 2005
$250,000
Samundar Holdings LLC
Papenfuse,eric
Grant Deed
related
$231,750 · Innovative Funding Group Ltd
—
—
Samundar Holdings LLC
—
Deed Of Trust
related
$93,610 · Wci Partners LP
—
—
Eric Papenfuse
—
Deed Of Trust
related
$40,000 · Vartan National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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