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1315-1343 Rolleston St
Harrisburg, PA 17104
Rolleston Apartments · Multifamily Property For Sale
·
30 Units
Investment Highlights
- Attractive In-Place Yield & Value-Add Upside: Offered at a 8.01% cap rate with a current Net Operating Income of $280,369
- Garage Parking & Washer/Dryer Hookups: Each residential unit is equipped with a dedicated garage and in-unit washer & dryer hookups
- Central Pennsylvania Connectivity: Strategically positioned with regional access to Harrisburg, Philly, NYC, Washington DC
- Separately Metered Units: All residential units are separately metered for water, sewer, gas, and electric, significantly reducing owner expense
- Substantial Capital Investment – Over $250,000 in CapEx: Ownership has invested in excess of $250,000 in capital improvements
- Stable Local Demographics: Within a 5-mile radius, average household incomes approach $90,000, with over 190,000 residents
Executive Summary
Scope Commercial Real Estate is pleased to exclusively present 1315–1343 Rolleston Street, a 30-unit multifamily, income-producing asset located in Harrisburg, Pennsylvania. The property consists entirely of residential units and benefits from strong, built-in demand from the surrounding neighborhood. Each unit is separately metered for water, sewer, gas, and electric, allowing for efficient utility reimbursement and reduced owner expense exposure. Additionally, all units feature dedicated garage parking with separate ingress and egress, along with washer and dryer hookups, providing amenities that support tenant retention and rent growth.
Situated in a dense, established area with strong regional connectivity, the asset benefits from proximity to major highways such as I-83 and I-81. The property encompasses approximately 21,000 rentable square feet and is currently operating with in-place cash flow, offering investors immediate income with the ability to enhance returns through rent optimization and operational efficiencies. Ownership has completed over $250,000 in capital expenditures, reducing near-term maintenance risk and positioning the asset for stabilized, long-term performance. The surrounding area demonstrates solid demographic fundamentals, including stable population density and growing household incomes, supporting sustained multifamily tenancy and demand.
Agent has a financial interest in property.
Situated in a dense, established area with strong regional connectivity, the asset benefits from proximity to major highways such as I-83 and I-81. The property encompasses approximately 21,000 rentable square feet and is currently operating with in-place cash flow, offering investors immediate income with the ability to enhance returns through rent optimization and operational efficiencies. Ownership has completed over $250,000 in capital expenditures, reducing near-term maintenance risk and positioning the asset for stabilized, long-term performance. The surrounding area demonstrates solid demographic fundamentals, including stable population density and growing household incomes, supporting sustained multifamily tenancy and demand.
Agent has a financial interest in property.
Property Facts
| Price Per Unit | $161,911 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.06 AC |
| Cap Rate | 8.01% | Building Size | 24,000 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4 | ||
| Price Per Unit | $161,911 CAD |
| Sale Type | Investment |
| Cap Rate | 8.01% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 24,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2022 |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
- Carpet
Site Amenities
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | 680 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $697,791 CAD | |
| Land Assessment | $174,725 CAD | Total Assessment | $872,516 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$174,725 CAD
Improvements Assessment
$697,791 CAD
Total Assessment
$872,516 CAD
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