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2617-2629 Herr st 8 Unit Apartment Building Offered at $2,078,700 CAD at a 9.10% Cap Rate Harrisburg, PA 17103



INVESTMENT HIGHLIGHTS
- Twelve diverse income streams including a daycare, church, duplex, triplex, single-family home, two mobile homes, and flex space
- Value-add opportunity to increase revenue by converting the 6-bed, 3-bath
- Strong in-place cash flow producing a 9.1% cap rate with consistent occupancy and reliable tenant demand.
EXECUTIVE SUMMARY
NAI CIR is pleased to present the rare opportunity to acquire a stabilized, high-performing cash-flow portfolio located at 2617–2629 Herr Street in Penbrook Borough, Pennsylvania. The portfolio includes a daycare, church, duplex, triplex, single-family home, two (2) mobile homes, and one (1) flex/industrial space, offering a blend of residential, commercial, and specialty uses that drive strong occupancy and steady performance. Additional upside remains through strategic rent optimization, including the opportunity to significantly increase income by converting the 6- bedroom, 3-bath single-family home into a triplex, creating multiple new revenue streams on an already stabilized asset.
PROPERTY FACTS
| Price | $2,078,700 CAD | Property Type | Multifamily |
| Price Per Unit | $259,838 CAD | Building Size | 18,463 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.10% | Year Built | 1981 |
| No. Units | 8 | ||
| Zoning | Commercial - Commercial Zoning | ||
| Price | $2,078,700 CAD |
| Price Per Unit | $259,838 CAD |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 18,463 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | Commercial - Commercial Zoning |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $284,254 CAD | |
| Land Assessment | $57,292 CAD | Total Assessment | $341,546 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$57,292 CAD
Improvements Assessment
$284,254 CAD
Total Assessment
$341,546 CAD
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2617-2629 Herr st
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