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304-314 Market St 13 Unit Apartment Building $1,600,000 ($123,077/Unit) 7.21% Cap Rate Lemoyne, PA 17043
Investment Highlights
- Attractive In-Place Yield | Offered at a 7.21% cap rate with current Net Operating Income of $115,359.
- Prime Frontage | Located along Market Street / US Route 11–15, the property benefits from excellent visibility & steady traffic.
- Walkable, In-Demand Neighborhood: Surrounded by restaurants, retail, government offices, and riverfront amenities.
- Diversified Income Streams | A balanced mix of street-level retail suites and residential units.
- Strong Regional Accessibility | The site offers convenient access to I-83, I-76 (PA Turnpike), and I-81.
- Operational Upside Potential: Opportunities for continued rent growth, expense optimization, and long-term value appreciation.
Executive Summary
Scope Commercial Real Estate is pleased to exclusively present 304 Market Street is a stabilized mixed-use investment property located in the heart of Lemoyne Borough, just minutes from Downtown Harrisburg. The asset consists of approximately 8,725 rentable square feet featuring a combination of street-level retail space and multifamily residential units, providing investors with diversified income streams.
The property includes three commercial suites complemented by the 10 residential apartments above, serving local service-oriented retail tenants and area residents. Situated along Market Street / US Route 11–15, the property benefits from strong visibility, consistent traffic counts, and immediate access to major regional roadways including I-83, I-76 (PA Turnpike), and I-81.
Offered at $1,600,000, the asset delivers a 7.21% cap rate with a current Net Operating Income of $115,359 presenting an attractive opportunity for investors seeking steady cash flow in a supply-constrained Central Pennsylvania market.
The property includes three commercial suites complemented by the 10 residential apartments above, serving local service-oriented retail tenants and area residents. Situated along Market Street / US Route 11–15, the property benefits from strong visibility, consistent traffic counts, and immediate access to major regional roadways including I-83, I-76 (PA Turnpike), and I-81.
Offered at $1,600,000, the asset delivers a 7.21% cap rate with a current Net Operating Income of $115,359 presenting an attractive opportunity for investors seeking steady cash flow in a supply-constrained Central Pennsylvania market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 638 |
| Studios | 2 | - | 400 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 12-21-0265-151 | Improvements Assessment | $256,500 |
| Land Assessment | $146,400 | Total Assessment | $402,900 |
Property Taxes
Parcel Number
12-21-0265-151
Land Assessment
$146,400
Improvements Assessment
$256,500
Total Assessment
$402,900
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304-314 Market St
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