115 Locust St, HARRISBURG, PA 17101

Local realty services provided by:ERA Reed Realty, Inc.
#1#2#3
115 Locust St,HARRISBURG, PA 17101
$499,900
  • 3 Beds
  • - Baths
  • 2,916 sq. ft.
  • Multi-family
  • Active
Listed by:adam kautz
Office:iron valley real estate of york county
MLS#:PADA2046402
Source:BRIGHTMLS

Price summary

  • Price:$499,900
  • Price per sq. ft.:$171.43

About this home

Turnkey Downtown Harrisburg Multi-family Investment Cap Rate: 10.46%+ Welcome to an exceptional income-producing opportunity in the heart of Downtown Harrisburg’s thriving Riverfront district — just steps from the Susquehanna River, restaurants, state offices, and entertainment. This unique property includes two fully detached single-family homes on one deed — offering dual rental streams in one of the city’s most walkable and high-demand areas. 🔑 Property Highlights: • Front Home: 5 bed / 2.5 bath | Est. Rent: $2,900/month or more • Rear Home: 3 bed / 2 bath | Est. Rent: $2,100/month or more • Total Monthly Rental Income: $5,000+ • Estimated Monthly PITI Payment: $3,459 • Estimated Monthly Cash Flow: $1,541+ 📊 Investment Snapshot: • Annual Gross Income: $60,000 • Estimated Annual Expenses (taxes, insurance, maintenance): $7,684 • Estimated Net Operating Income (NOI): $52,316 • Cap Rate: 10.46% (conservatively) | 11.25%+ with short-term rental conversion With positive cash

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Home facts

  • Year built:1890
  • Listing Id #:PADA2046402
  • Added:63 day(s) ago
  • Updated:August 14, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:3
  • Living area:2,916 sq. ft.

Heating and cooling

  • Cooling:Ductless/Mini-Split, Wall Unit
  • Heating:Baseboard - Electric, Electric, Natural Gas, Radiator

Structure and exterior

  • Roof:Asphalt, Rubber
  • Year built:1890
  • Building area:2,916 sq. ft.
  • Lot area:0.03 Acres

Schools

  • High school:HARRISBURG HIGH SCHOOL

Utilities

  • Water:Public
  • Sewer:Public Septic

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$171.43
  • Tax amount:$3,884 (2024)

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