Contacts
SCOPE Commercial Real Estate Services
Property Details
- Property Type Multi-Family
- Property Size 7,343 SF
- Units 5
- Lot Size 1.05 Acre
- Date Updated May 12, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Attractive In-Place Yield with Upside – Offered at an 9.04% current cap rate with a pro forma cap rate of 10.08%, supported by below market rents and demonstrated ability to push income.
- Central Pennsylvania Location – Proximity to regional highways, employment hubs, and Harrisburg-area amenities supports tenant retention and long-term market stability.
- Large Lot with Long-Term Flexibility – The 1.05-acre site provides excess land coverage, parking capacity, and potential future flexibility subject to zoning and buyer due diligence.
- Stable Multifamily Asset – Five 2BR/1BA units generate consistent demand, benefiting from a diversified tenant base and manageable operational scale.
- Strong Cash Flow Fundamentals – Current NOI of $67,812 with pro forma NOI projected at $75,599, driven by rent growth and efficient expense structure.
Attachments
Getting around
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9/100
Walk Score ®
-
12/100
Bike Score ®
Location
- City Harrisburg, PA
- Zip Code 17111
- Market Harrisburg
Points of Interest
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Middletown
4.65 miles
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Harrisburg Transportation Center
4.92 miles
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M&H Railroad
5.17 miles
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Speedway
0.71 miles
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Sam's Club
1.01 miles
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Kwick Gas
1.48 miles
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Souder's
2.22 miles
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Rutters
2.25 miles
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Sunoco
2.30 miles
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Giant
2.34 miles
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Zeke's
2.38 miles
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Tesla Supercharger
2.59 miles
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Gulf
2.60 miles
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Sheetz Parking Lot
0.76 miles
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Capital Area Greenbelt Parking
2.64 miles
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Highspire Memorial Park Parking Lot
3.07 miles
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Cramer Airport Parking
3.79 miles
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P5
3.95 miles
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P1
3.99 miles
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Airport Parking Garage
4.16 miles
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Residence Inn
1.06 miles
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Red Lion Hotel Harrisburg Hershey
1.13 miles
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Sheraton Harrisburg Hershey Hotel
1.13 miles
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La Quinta Inn & Suites Harrisburg Airport Hershey
1.35 miles
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Red Roof Inn Harrisburg - Hershey
1.35 miles
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Courtyard Harrisburg Hershey
1.41 miles
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Sleep Inn & Suites
1.42 miles
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Rodeway Inn
1.43 miles
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Hotel Indigo
1.43 miles
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Econo Lodge
1.50 miles
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Laliguras International Grocery
0.69 miles
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Giant
0.74 miles
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ALDI
0.76 miles
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Kathmandu Groceries
0.78 miles
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Walmart Supercenter
0.90 miles
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JCPenney
1.02 miles
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High Pointe Commons
1.10 miles
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Target
1.16 miles
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Saru Grocery
1.59 miles
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Harrisburg Mall
2.34 miles
SCOPE Commercial Real Estate Services