0.41 Acres Lot
0.41 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PADA2062048
Year Built 1970
Annual Tax Amount $7,600
Tax Year 2025
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
offering immediate cash flow with a 7.38% cap rate. The property is 100% occupied with a
strong, established tenant base, providing reliable in-place income from day one. Recent capital
improvements include two fully renovated units, enhancing the property's overall condition
while creating opportunities for continued rent growth as units turn over. The property also
features a paved off-street parking lot, a highly desirable amenity that supports tenant
retention and marketability. Strategically located with convenient access to downtown
Harrisburg, major employers, shopping, dining, public transportation, and major highways, this
asset is well-positioned to benefit from continued demand in the local rental market. Whether
you're completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a
stable, income-producing investment, this turnkey property offers an attractive combination of
immediate cash flow, recent upgrades, and long-term upside.
Location
State PA
County Dauphin
Area Lower Paxton Twp (14035)
Zoning R12 APARTMENTS
Interior
Hot Water Electric
Heating Radiant
Cooling None
Heat Source Electric
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Central Dauphin
School District Central Dauphin
Others
Tax ID 35-041-103-000-0000
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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