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33 S 18th St 36 Unit Apartment Building $1,023,689 CAD ($28,436 CAD/Unit) 9.50% Cap Rate Harrisburg, PA 17104



Investment Highlights
- Fully Renovated Apartment Units
- Tenants Pay Their Own Heat (Electric)
- Great Bedroom Mix
Executive Summary
Investor Opportunity! Renovated 8-unit apartment building situated on a desirable corner lot, offering strong visibility and long-term rental appeal. The majority of the property has been updated, featuring new flooring, fresh neutral paint, recessed lighting, and updated kitchens and bathrooms throughout many of the units. The unit mix provides an excellent balance, consisting of a combination of 2-bedroom/1-bath apartments, 1-bedroom/1-bath apartments and studio units, appealing to a wide range of tenants and supporting consistent occupancy. Kitchens have been updated with modern finishes, and bathrooms have been refreshed for a clean, contemporary look. Tenant-paid utilities include electricity and electric heat. Owner pays water, sewer, and trash. The corner location enhances accessibility and curb appeal, contributing to tenant demand. This property presents a solid opportunity for investors seeking a stabilized or value-add asset with recent improvements already in place and room for continued upside through remaining updates, rent optimization, or operational efficiencies. Conveniently located near local amenities, transportation routes, and everyday services. A strong addition to any investment portfolio. Schedule your showing today!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,023,689 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $28,436 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 9.50% | Building Size | 5,660 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2025 |
| Zoning | Residential - Med Density - Residential - Med Density | ||
| Price | $1,023,689 CAD |
| Price Per Unit | $28,436 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,660 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2025 |
| Zoning | Residential - Med Density - Residential - Med Density |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Dining Room
- Family Room
- Porch
- Large Bedrooms
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,660 CAD | - |
| 2+1 | 2 | $1,418 CAD | - |
| 2+1 | 3 | $1,418 CAD | - |
| 1+1 | 4 | $933.90 CAD | - |
| Studios | 5 | $1,522 CAD | - |
| 1+1 | 6 | $1,245 CAD | - |
| 2+1 | 7 | $1,591 CAD | - |
| Studios | 8 | $1,107 CAD | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $141,814 CAD | |
| Land Assessment | $22,275 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $119,539 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$22,275 CAD
Improvements Assessment
$119,539 CAD
Total Assessment
$141,814 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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33 S 18th St
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