6000 Chambers Hill Rd
5 Unit Multifamily | Income-Producing Asset | Strong Local Demand
Marketing description
Scope Commercial Real Estate is pleased to present 6000 Chambers Hill Rd, a 5-unit multifamily income-producing asset located in an established residential and commercial corridor of Harrisburg, Pennsylvania.
The property comprises approximately 4,300 rentable square feet situated on a 1.05-acre parcel, offering tenants ample on-site parking and a suburban residential setting with convenient access to major employment centers and regional highways.
The unit mix consists entirely of 2-bedroom / 1-bathroom apartments, including one oversized unit and four standard units, supporting strong local rental demand. The asset is stabilized with in-place cash flow and presents a clear path for incremental income growth through rent optimization.
Offered at $725,000, the property provides a 9.97% current cap rate, 10.95% pro forma cap rate, current NOI of $72,312, and pro forma NOI of $79,379.
Investment highlights
• Attractive In-Place Yield with Upside: Offered at a 9.97% current cap rate with a 10.95% pro forma cap rate, supported by below-market rents and clear rent-growth potential.
• Stable Multifamily Asset: Five 2BR/1BA units generate consistent local demand, benefiting from a diversified tenant base and manageable operational scale.
• Strong Cash Flow Fundamentals: Current NOI of $72,312 with pro forma NOI projected at $79,379, driven by rent growth and an efficient expense structure.
• Attractive Cash-on-Cash Return: Current cash-on-cash return of 15.02%, increasing to 18.92% pro forma.
• Large Lot with Parking: The 1.05-acre site includes 4 carport spaces and 8 additional parking spaces, providing strong tenant convenience and long-term flexibility.
• Central Pennsylvania Location: Proximity to regional highways, employment hubs, and Harrisburg-area amenities supports tenant retention and long-term market stability.
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