3217 3Rd StHarrisburg, PA 17110

For Sale
$500,000

Five-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a five-unit apartment building ideally situated in Harrisburg's popular Uptown area, near Italian Lake. The property boasts a total of 4,588 square feet of net rentable space, housed within a building designed specifically for multifamily use. Each of the five units has undergone recent renovations within the past 10 years, featuring individual electric panels, electric heat, and hot water heaters. A detached garage is also included. The property enjoys a 5.00% cap rate and a projected net operating income (NOI) of $31,188, based on 100% occupancy. Zoned for Residential - Medium Density, this building offers a strong potential for long-term rental income and a significant return on investment. Its convenient location provides easy access to the Susquehanna Riverfront, Interstate 81, downtown Harrisburg, and a variety of restaurants and shopping options. This is a must-see property for discerning investors seeking a stable and profitable addition to their portfolio. The address is 3217 N 3rd St, Harrisburg, PA 17110.

Property Details for 3217 3Rd St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,588 SF
Units
5

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.298911576632
Longitude
-76.899354787624
3217 3Rd St, Harrisburg, Pennsylvania

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3217 3Rd St
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