Listed by Iron Valley Real Estate of Central PA
$995,000
8 Unit Downtown Harrisburg, PA
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,560
Units 8
Cap Rate 12.79%
NOI $127,300
Pro-Forma Cap Rate 12.79%
Pro-Forma NOI $127,300
Price per SqFt $116
Broker Co-Op Yes
Year Built 1850
Year Renovated 2025
Buildings 2
Stories 4
Investment Type Value Add
Multifamily | 12.79% CAP | 8 Units
Marketing description
🔑 Investment Highlights – 315 N. Front St, Harrisburg, PA
8-Unit Apartment Building
(1) Three-Bedroom Unit
(2) Two-Bedroom Units
(5) One-Bedroom Units
Parking & Storage
7 Off-Street Parking Spaces
2-Car Garage
Location Advantages
Not in the flood plain
Exceptional river views
Directly across from City Island
Walkable to downtown, restaurants, and commuter routes
Recent Improvements
All roofs replaced
Interior renovations underway; some still need completion (value-add potential)
Financial Benefits
Over $200,000 in approved tax credits available to next owner
Consistent rental demand in a prime Harrisburg location
Listing Contacts
Listed by Iron Valley Real Estate of Central PA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,300.00
$10,608.33/mo
Valuation Metrics
0
DSCR
12.79%
Cap Rate
12.79%
ROI
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