106 State StHarrisburg, PA 17101

Property Details for 106 State St

Year built

1860

Lot size

0.02 AC

Property size (Sq ft)

2,648 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

04-034-006

APU

4034006

Description

This charming three-unit apartment building, constructed in 1860 and renovated in 2014, presents a unique investment opportunity in Harrisburg, Pennsylvania. Located at 106 State Street, this property boasts 2,648 square feet on a 0.02-acre lot (APN 04-034-006) and is situated in a highly desirable neighborhood between North Front Street and the Pennsylvania State Capitol building. The building features three stories, large windows providing ample natural light, and private entrances for each unit. Its permitted zoning is Riverfront, reflecting its prime location near Riverfront Park and the Capital Area Greenbelt. The property benefits from its proximity to major employers such as the Pennsylvania State Capitol Complex, UPMC Harrisburg Hospital, and the Sylvia H. Rambo United States Federal Courthouse, as well as numerous amenities including City Island, Strawberry Square, and various restaurants and cafes. Easy access to major transportation arteries, including I-83, I-76 (PA Turnpike), I-81, the Harrisburg Transportation Center (Amtrak, Greyhound, and local transit), and Harrisburg International Airport, further enhances its appeal. The asking price for this well-maintained historic property is $295,000. Downtown Harrisburg's ongoing revitalization and increased investment make this a compelling opportunity for investors seeking a strong return in a vibrant urban setting. This property offers a blend of historic character and modern convenience in a location that is both walkable and easily accessible to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $427,608

  6.5%

  $394,715

  7%

  $366,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $241,916

  Geo Method

  $166,586

• Alternative Use

  Use

  Valuation

  Residential

  $489,446

  Hospitality

  $448,330

  Educational

  $373,005

  Medical

  $385,834

  Retail

  $580,231

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2628

Longitude

-76.8884

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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