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8 Unit Waterfront w/ TWO Buildings + Garages 315 N Front St 8 Unit Apartment Building $995,000 ($124,375/Unit) 12.78% Cap Rate Harrisburg, PA 17101
Investment Highlights
- Over $200K in approved tax credits for the next owner
- Prime waterfront location – steps from the Susquehanna River and downtown amenities
- Two buildings – Sale includes two separate structures
- 8 residential units – 1 three-bedroom, 2 two-bedrooms, and 5 one-bedrooms, all thoughtfully designed and updated
Executive Summary
Exceptional multifamily investment in the heart of Harrisburg’s historic district. This recently renovated property has been converted from office to residential, offering a modern living experience while retaining its historic charm.
Property Features:
- 8 residential units – 1 three-bedroom, 2 two-bedrooms, and 5 one-bedrooms, all thoughtfully designed and updated
- Two separate structures – providing flexibility for management, leasing, and potential condo conversion
- Prime waterfront location – steps from the Susquehanna River and downtown amenities
- Turnkey condition – extensive renovations completed, minimizing near-term capital expenditures
- Over $200,000 in approved tax credits – delivering immediate financial benefits to the buyer
This is a rare opportunity to acquire a fully renovated, income-producing asset in a high-demand rental market with substantial built-in tax advantages.
Property Features:
- 8 residential units – 1 three-bedroom, 2 two-bedrooms, and 5 one-bedrooms, all thoughtfully designed and updated
- Two separate structures – providing flexibility for management, leasing, and potential condo conversion
- Prime waterfront location – steps from the Susquehanna River and downtown amenities
- Turnkey condition – extensive renovations completed, minimizing near-term capital expenditures
- Over $200,000 in approved tax credits – delivering immediate financial benefits to the buyer
This is a rare opportunity to acquire a fully renovated, income-producing asset in a high-demand rental market with substantial built-in tax advantages.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $995,000 | Building Class | B |
| Price Per Unit | $124,375 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,944 SF |
| Cap Rate | 12.78% | No. Stories | 4 |
| No. Units | 8 | Year Built/Renovated | 1850/2025 |
| Property Type | Multifamily | Parking Ratio | 0.79/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Riverfront District (RF) - Recently converted from office to residential. | ||
| Price | $995,000 |
| Price Per Unit | $124,375 |
| Sale Type | Investment |
| Cap Rate | 12.78% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 8,944 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1850/2025 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Riverfront District (RF) - Recently converted from office to residential. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 04-037-014 | Improvements Assessment | $360,800 |
| Land Assessment | $116,300 | Total Assessment | $477,100 |
Property Taxes
Parcel Number
04-037-014
Land Assessment
$116,300
Improvements Assessment
$360,800
Total Assessment
$477,100
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Presented by
Generational Wealth Organization
8 Unit Waterfront w/ TWO Buildings + Garages | 315 N Front St
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