0 Mutli-Family Portfolio Midtown HarrisburgHarrisburg, PA 17104

Property Details for 0 Mutli-Family Portfolio Midtown Harrisburg

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a 42-unit portfolio in Harrisburg, Pennsylvania's desirable Midtown area. The property comprises eight buildings, featuring a mix of 22 one-bedroom and 12 two-bedroom apartment units, along with eight commercial storefront units. The portfolio boasts a strong net operating income (NOI) of $287,297, yielding a compelling 7.19% capitalization rate at an asking price of $3,995,000. This translates to an attractive price per unit of $95,119. Several units have undergone recent renovations and command market-rate rents, while others present a significant value-add opportunity through rent increases. The property also includes approximately 36 parking spaces distributed across two parking lots, providing ample parking for residents and commercial tenants. Located on a prime block in Harrisburg, this portfolio offers a rare chance to acquire a well-positioned multifamily asset with substantial upside potential. The existing unit mix and the potential for rent growth make this an attractive investment for both seasoned and emerging real estate investors seeking a strong return on investment in a thriving Pennsylvania market. The property's address is in Dauphin County, PA, zip code 17104.

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2551

Longitude

-76.8577

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