301 Market St, Harrisburg, PA 17101

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 301 Market Street, located in Harrisburg, PA. Formerly known as Market View Place, this historic 100-year-old building was fully renovated in 2013 and converted from an office building to student housing for the expanding Harrisburg University of Science & Technology. In 2024, it underwent a comprehensive update and repositioning as a market-rate apartment community, offering a blend of modern aesthetics and timeless character.

Standing nine stories tall and encompassing 38,676 SF, 301 Market Street features 38 units comprising studios, one-bedroom, and two-bedroom floor plans. Recent upgrades include contemporary interior finishes, updated common areas, and secure building access, positioning the property to attract today’s urban renter.

Now operating fully as a market-rate asset, 301 Market Street presents significant value-add potential, with leasing efforts well underway. To ensure stability for new ownership, the seller provides a guarantee of 95% occupancy for the first year, demonstrating strong confidence in the property’s appeal and the continued rental demand in Harrisburg’s flourishing downtown. A reputable property management firm is in place to support day-to-day operations and maintain consistent occupancy levels.

Located in the heart of Harrisburg’s vibrant downtown district, 301 Market Street sits just steps from the Pennsylvania State Capitol Complex and numerous cultural attractions, including the Whitaker Center and Strawberry Square. Within walking distance, residents can enjoy an array of dining, entertainment, and shopping destinations, as well as easy access to Riverfront Park and City Island for outdoor recreation. Major employment centers, such as state government offices and nearby healthcare institutions, further bolster the property’s renter appeal and support ongoing rental growth.

On a broader scale, the East Shore/Central multifamily submarket remains healthy, with a first-quarter 2025 vacancy rate of 7.1%, in line with its 10-year average. Construction activity is moderate, totaling 78 units underway in a submarket of approximately 7,700 units. Over the past year, $28.1 million in multifamily sales across seven transactions highlights continued investor interest. Rents in East Shore/Central average $1,320 per month, exhibiting a 4.4% year-over-year increase—outpacing the 3.9% metro-wide uptick. These metrics signal strong fundamentals and sustained growth potential for well-located assets like 301 Market Street.

***The Subject property in located within the – Federal Qualified Opportunity Zone. ***