Investment Overview

Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 301 S 13th Street Apartments in Harrisburg, PA. The Subject Property offers 21,332 SF with approximately 14,000 SF of rentable space in the heart of Harrisburg Proper. The unit mix includes 28 studio/one-bedroom weekly rental apartment units that consistently enjoy longer-term occupancy. This community is host to a wide selection of amenities like onsite laundry facilities, air-conditioned units, high-speed cable & internet, security systems, and alarm systems, and accommodates wheelchair-accessible units. The building is also strategically located on a quiet residential block with easy access to downtown Harrisburg, retail amenities, and major highways. Please note that there is also a large oversized commercial sub-level basement with high ceilings that could allow for the development and construction of tenant self-storage units, adding additional revenue streams. Apartments rents in the Harrisburg market have been rising at an annual 2.8% 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 one the best places 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.