Skip to main content

Multifamily

Harrisburg Residential Portfolio

1615 N 2nd St, Harrisburg, PA 17102

Listing Price: $4,000,000

Cap Rate
7.41%
Number of Units
51
Price/Unit
$78,431
Price/Gross SF
$68.53
Gross SF
58,367

Investment Overview

Marcus & Millichap is proud to exclusively present the Harrisburg cluster site multi-family portfolio. This portfolio is comprised of 51 single family and townhome units spread out across 30 locations, all of which are conveniently located within close proximity of one another. This portfolio affords potential buyers attractive cash flow and comes with a seller financing option for qualified buyers. The owners have recently completed improvements to several of the properties and this portfolio requires minimal common area maintenance and low overhead. Apartments rents in the Harrisburg market have been rising at an annual 3.8% rate and has posted an average annual gain of 5.1% over the last 3 years, offering ownership a value-add opportunity with increased rents. The city was also recently ranked the best place to live in Pennsylvania and ranked no. 61 best place to live in the United States, beating out every other PA city including Philadelphia, Pittsburg, and Lancaster.

Investment Highlights

  • Below market rents.
  • High occupancy rates.
  • Recent improvements on several properties.
  • All properties are located within close distance to each other.
  • Close proximity to major highways, retail amenities, and downtown Harrisburg.

Exclusively Listed By

Financing By

Multifamily

Harrisburg Residential Portfolio

Listing Price: $4,000,000

Cap Rate
7.41%
Number of Units
51
Price/Unit
$78,431
Price/Gross SF
$68.53
Gross SF
58,367

Investment Highlights

  • Below market rents.
  • High occupancy rates.
  • Recent improvements on several properties.
  • All properties are located within close distance to each other.
  • Close proximity to major highways, retail amenities, and downtown Harrisburg.

Investment Overview

Marcus & Millichap is proud to exclusively present the Harrisburg cluster site multi-family portfolio. This portfolio is comprised of 51 single family and townhome units spread out across 30 locations, all of which are conveniently located within close proximity of one another. This portfolio affords potential buyers attractive cash flow and comes with a seller financing option for qualified buyers. The owners have recently completed improvements to several of the properties and this portfolio requires minimal common area maintenance and low overhead. Apartments rents in the Harrisburg market have been rising at an annual 3.8% rate and has posted an average annual gain of 5.1% over the last 3 years, offering ownership a value-add opportunity with increased rents. The city was also recently ranked the best place to live in Pennsylvania and ranked no. 61 best place to live in the United States, beating out every other PA city including Philadelphia, Pittsburg, and Lancaster.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower