Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    224 Harris St Harrisburg, PA 17102-2430

    • Apartment buildings
    • 2,944 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $530,000
    Last Sale
    Oct 16, 2024
    $527,500
    Location Intelligence
    Property ID
    US73-2449999
    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 224 Harris St

    Year built
    1920
    Lot size
    0.04 lot acres
    Property size
    2,944 SF
    Property type
    Apartment buildings
    APN
    12-008-052
    APU
    12008052

    Description

    This exceptional 5-unit apartment building, located in the heart of Harrisburg's Midtown, presents a compelling investment opportunity. The property boasts 2,950 square feet across three stories, situated on a 1,831 square foot lot (APN: 12-008-052). Built in 1919 and renovated in 2022, this Class B building offers a strong 7.67% cap rate with a current NOI of $45,670. Currently 100% occupied since May 1, 2023, the property features a healthy mix of long-term and new tenants, with rental income exceeding $45,670 annually. Three units have undergone complete renovations. The asking price is $595,125 ($119,025 per unit), and the property is zoned S-1. Its prime Midtown location provides easy access to waterfront parks, upscale restaurants, cinemas, and vibrant nightlife. The potential for increased rental income is significant, with over 10% upside available to the new owner. The addition of coin-operated laundry facilities in the basement presents a further opportunity to enhance cash flow. This turn-key property is ideal for investors seeking a stable, high-yield asset in a desirable location. Proof of funds and loan pre-qualification are required for showing appointments.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $495,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $515,000
      Mixed-Use
      $500,000
      Hospitality
      $580,000
      Educational
      $575,000
      Residential Income
      $580,000
      Energy
      $495,000
      Income-Based Land
      $560,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8928
    Latitude
    40.2724
    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
    $2,757
    $6,300
    $53,800
    $60,100
    -
    $6,300
    $53,800
    $60,100

    Comparable in this City

    • Value Estimation
      $550,000
      3,852 SF

      255 Briggs St

      APARTMENT HOUSE (5+ UNITS) • 3,852 SF
      255 Briggs St, Harrisburg, PA 17102-3004
      View Details
    • Value Estimation
      $695,000
      11,574 SF

      2020 3rd St

      APARTMENT HOUSE (5+ UNITS) • 11,574 SF
      2020 3rd St, Harrisburg, PA 17102-1807
      View Details
    • Value Estimation
      $295,000
      2,700 SF

      1622 3rd St

      APARTMENT HOUSE (5+ UNITS) • 2,700 SF
      1622 3rd St, Harrisburg, PA 17102-1957
      View Details
    • Value Estimation
      $12,720,000
      94,263 SF

      1201 Frnt St

      APARTMENT HOUSE (5+ UNITS) • 94,263 SF
      1201 Frnt St, Harrisburg, PA 17102-2821
      View Details
    • Value Estimation
      $460,000
      3,378 SF

      1121 Frnt St

      APARTMENT HOUSE (5+ UNITS) • 3,378 SF
      1121 Frnt St, Harrisburg, PA 17102-3309
      View Details
    • Value Estimation
      $195,000
      2,431 SF

      1915 2nd St

      APARTMENT HOUSE (5+ UNITS) • 2,431 SF
      1915 2nd St, Harrisburg, PA 17102-2205
      View Details

    Similar Nearby for Sale

    • $475,000
      2,565 SF

      Fully Occupied Investment Property

      Five-unit building with river views in Midtown Harrisburg.
      107 Reily St, Harrisburg, PA 17102
      View Details
    • $229,900
      2,336 SF

      Midtown Harrisburg Investment Opportunity

      Two-unit building with long-term tenants near HACC campus.
      1608 N 3Rd St, Harrisburg, PA 17102
      View Details
    • $234,900
      1,968 SF

      Harrisburg Duplex: Income-Producing Investment

      Well-maintained duplex in Harrisburg with two income-producing units.
      222 Harris St, Harrisburg, PA 17102
      View Details
    • $369,500
      2,431 SF

      Harrisburg 5-Unit Multifamily Investment

      Turn-key, fully occupied, high-potential rental.
      1915 2Nd St, Harrisburg, PA 17102
      View Details
    • $230,000
      1,766 SF

      Harrisburg Two-Unit Multifamily Property

      Two-unit property in Harrisburg's Historic District, near Capitol and amenities.
      215 Briggs St, Harrisburg, PA 17102
      View Details
    • $270,000
      2,136 SF

      Historic Midtown Investment Opportunity

      Two-unit property in Harrisburg's Historic Midtown with steady cash flow.
      220 Reily St, Harrisburg, PA 17102
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,840 SF

      Harrisburg Office Space For Lease

      Office space for lease with on-site parking and river views.
      1511 N Front St, Harrisburg, PA 17102
      View Details
    • $19 SF/Yr
      17,608 SF

      Midtown Harrisburg Office Space Available

      LEED Gold certified office space for rent in Midtown Harrisburg.
      1426-1428 N 3Rd St, Harrisburg, PA 17102
      View Details
    • $12 SF/Yr
      1,500 SF

      Downtown Office Space Available

      1,500 SF office space with great visibility and natural light.
      714 North 3Rd St, Harrisburg, PA 17102
      View Details
    • $14 SF/Yr
      47,000 SF

      Governor's Plaza South Office Space

      Harrisburg CBD Office Suites Available
      2001 Front St, Harrisburg, PA 17102
      View Details
    • $14 SF/Yr
      3,914 SF

      Harrisburg Office Building with Parking

      Office building or space for lease with on-site parking.
      1515 N Front St, Harrisburg, PA 17102
      View Details
    • $19 SF/Yr
      70,000 SF

      Campus Square: Harrisburg Office Space

      Prestigious Harrisburg office suites, various sizes.
      1426 3Rd St, Harrisburg, PA 17102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224 Harris St
    Harrisburg, PA 17102-2430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.