25 N Front St 7 Unit Apartment Building $3,162,806 CAD ($451,829 CAD/Unit) 6.76% Cap Rate Harrisburg, PA 17101

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 25 N Front Street. Located in the heart of Harrisburg, PA, 25 N Front Street is a prime investment opportunity featuring a diverse unit mix comprising three long-term 1 Bed / 1 Bath residential rentals, three short-term 1 Bed / 1 Bath residential rentals, and one commercial space. The short-term rental units have an average square footage of 972 SF, while the long term rental units average 781 SF, and the commercial space averages 1056 SF.
This Class A, 5-star multifamily and short- and long-term rental product offers a unique blend of historic charm and modern amenities, catering to both luxury long-term tenants and high-income short-term visitors. Renovated in 2023, the property features state-of-the-art upgrades and premium finishes that align with modern market expectations. Its prime location along the picturesque Susquehanna River and proximity to downtown Harrisburg further enhances its appeal.
The property, spanning 7,357 square feet on a 5,227-square-foot lot, was originally built in 1900 and fully renovated in 2023. Zoned within Harrisburg City's Riverfront District (RF), the property is strategically located to take advantage of its proximity to Riverfront Park, the State Capitol Complex, and the bustling downtown area. The zoning encourages development that preserves the historical significance of Riverfront Park and the surrounding architectural charm while adhering to strict development standards to minimize impacts.
Area amenities add to the property's desirability. Riverfront Park, directly across the street, provides scenic views, walking and biking paths, and hosts numerous events and festivals throughout the year. Within walking distance are cultural landmarks such as the Whitaker Center for Science and the Arts, the Susquehanna Art Museum, and the State Capitol Complex. The vibrant downtown offers an array of dining, shopping, and entertainment options, while the property’s proximity to public transportation, including the Harrisburg Transportation Center, ensures easy connectivity. Nearby educational institutions, including Harrisburg University of Science and Technology and Temple University Harrisburg, further contribute to the area’s vibrant atmosphere.
Harrisburg’s East Shore/Central Multifamily Market provides strong support for the property’s value proposition. The submarket has a five-year average vacancy rate of 6.7%, and year-over-year rent growth of 3.5%, exceeding the metro average. Recent high-end developments have achieved premium rents, highlighting demand for luxury rental products. Sales comparables show that Class A properties often exceed $250,000 per unit, further reinforcing the investment potential.