335 Market St, Harrisburg, PA 17101

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 335 Market Street, located in downtown Harrisburg, PA.

The subject property, currently known as Residences on Market, is a historic landmark property that was originally the Metropolitan Hotel in the 1900’s. The property was later redeveloped in the 1970’s under the Harristown Urban Renewal Plan, when the city aimed to revitalize its Central Business District by constructing new office, retail, and commercial spaces to accommodate a growing state government workforce.

In 2010-2011 this nine story commercial building was fully renovated and converted into a forty-six (46) unit apartment complex. The unit mix consists of a variety of one (1) bedroom units, luxury, premium, and larger units, and currently accommodate one (1), two (2), and three (3) “bed” student rentals, primarily double-occupancy units with a few triple-occupancy units.

After the 2011 apartment construction phase, as the property was at its completion, Harrisburg University requested that this property be listed as one of their exclusive student rental apartments for its growing student body, and in 2024-2025 the University consolidated units for exclusive use of the subject property. The property sits directly across the street from the Harrisburg University Academic Center.

Operated in association with Harrisburg University, the apartments are designed for urban living, with amenities like large closets, panoramic views of the Capitol and cityscape, and utilities (water, sewer, trash, and hot water) included in the rent. Its prime location—steps from restaurants, shops, the Whitaker Center, Strawberry Square, and public transit—positions it as a key residential hub in downtown Harrisburg.

The apartments are modern suites which include furniture with basic utilities and Wi-Fi internet services as part of the students’ rental housing fee. There is a common TV lounge for students’ use. The students’ housing applications and housing charges are dictated by the University and collected by a third-party property manager.

Located in the heart of Harrisburg’s vibrant downtown district, 335 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 335 Market Street.