3500 Derry St, Harrisburg, PA 17111
This exceptional investment opportunity presents a six-unit property situated at 3500 Derry Street in Harrisburg, Pennsylvania. The property encompasses 4,366 square feet and sits on a 0.12-acre lot. The building comprises one commercial space and five residential rental units. Currently, the commercial space and one apartment are vacant, presenting immediate potential for increased income. The residential units offer a mix of sizes and features. Apartment A is a two-bedroom, one-bathroom unit featuring replacement windows and electric heat. Apartment B is a one-bedroom, one-bathroom unit also equipped with replacement windows. Apartments C and D are both one-bedroom, one-bathroom units boasting newer carpeting, vinyl flooring, updated kitchens, new appliances, and fresh paint. These units also utilize electric baseboard heating. A convenient coin-operated laundry facility in the basement generates approximately $350 annually in supplemental income. Recent improvements include a newer porch roof. The property enjoys a highly desirable location, just minutes away from prominent retailers such as Lowe's and Bass Pro Shops, ensuring high visibility and convenient access for both tenants and customers. This property offers a compelling blend of commercial and residential income streams, making it an attractive investment prospect for discerning buyers. The asking price is $425,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.