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1 Hereford St - 1 Hereford Street 8 Unit Apartment Building Offered at $1,200,000 at a 8.81% Cap Rate Harrisburg, PA 17109
Investment Highlights
- 8-unit multifamily in Lower Paxton Township offered at $1,200,000 with $105,740 NOI (8.81% cap rate)
- Limited availability of small multifamily assets in this submarket; Lower Paxton Township is a stable East Shore location with residential demand
- 0.65-acre site directly across from Central Dauphin Middle School; includes one (1) large garage and two (2) small garages
Executive Summary
NAI CIR is pleased to present an 8-unit multifamily property located in Lower Paxton Township, just outside of Harrisburg. The property is offered at $1,200,000 and generates $105,740 in NOI, representing an 8.81% cap rate. The building sits on a 0.65 acre lot directly across from Central Dauphin Middle School. The asset includes eight (8) residential units along with one (1) large garage and two (2) smaller garages. Lower Paxton Township is a well-established and stable East Shore submarket with consistent residential demand.
Property Facts
| Price | $1,200,000 | Property Type | Multifamily |
| Price Per Unit | $150,000 | Building Size | 7,702 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.81% | Year Built | 1947 |
| No. Units | 8 | ||
| Zoning | Commercial Neighborhood | ||
| Price | $1,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 8.81% |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 7,702 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | Commercial Neighborhood |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
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1 Hereford St - 1 Hereford Street
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