BEDS0
BATHS
MLS#PADA2062048
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLCENTRAL DAUPHIN
Property Description
Rare opportunity to acquire a stabilized 7-unit multifamily asset in the Harrisburg market, 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.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Radiant
Lot Size: 0.41 Acres
Taxes: $7,600
Year Built: 1970
Feature Descriptions
Exterior: Aluminum Siding, Block, Brick
Lot Dimensions: 0.41 Acre(S)
Municipality: LOWER PAXTON TWP
Sewer: Public Sewer
Total Garage/Parking Spaces: 10
Water: Public
Local Schools
High School: CENTRAL DAUPHIN
School District: CENTRAL DAUPHIN
Listed By / Shown By
Listed By
Agency Name: Kingsway Realty - Lancaster
Agency Phone: 7175698701
Shown By
Agent Name: Theresa Richardson
Agent Phone: (717) 468-2583
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
4597 Ethel Street | MLS# PADA2062048
This commercial property located at 4597 Ethel Street , Harrisburg, PA 17109 is currently listed for sale with an asking price of $1,299,000. Ethel Street is located within the CENTRAL DAUPHIN school district. Search Harrisburg real estate on www.centralpahomes.biz today.