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804 S 82nd St 12 Unit Apartment Building $4,507,168 CAD ($375,597 CAD/Unit) 5.80% Cap Rate Harrisburg, PA 17111
Executive Summary
Discover a compelling multifamily investment opportunity in The Woodlands Townhome Community, featuring 12 well-maintained townhomes constructed in 2018 and fully leased, providing immediate cash flow from day one. Ideally positioned between Harrisburg and Hershey, the property benefits from convenient access to major employment centers, retail destinations, healthcare facilities, and regional transportation corridors.
The portfolio consists of four townhomes on 82nd Street, each offering two bedrooms and one-and-a-half bathrooms and currently leased at $1,650 per month, along with eight townhomes on Greg Drive, each featuring two bedrooms and two full bathrooms and currently leased at $1,800 per month. Situated on approximately 0.83 acres, the community is designed for long-term durability and tenant appeal with attractive vinyl siding, ample surface parking, and an attached one-car garage for every unit.
Located within a growing residential area, this asset offers investors the combination of stable in-place occupancy, modern construction, and limited near-term capital expenditure requirements. The property's strong rental performance, desirable unit layouts, and proximity to the Harrisburg and Hershey markets position it as an attractive opportunity for both income-focused investors and buyers seeking long-term appreciation potential.
The portfolio consists of four townhomes on 82nd Street, each offering two bedrooms and one-and-a-half bathrooms and currently leased at $1,650 per month, along with eight townhomes on Greg Drive, each featuring two bedrooms and two full bathrooms and currently leased at $1,800 per month. Situated on approximately 0.83 acres, the community is designed for long-term durability and tenant appeal with attractive vinyl siding, ample surface parking, and an attached one-car garage for every unit.
Located within a growing residential area, this asset offers investors the combination of stable in-place occupancy, modern construction, and limited near-term capital expenditure requirements. The property's strong rental performance, desirable unit layouts, and proximity to the Harrisburg and Hershey markets position it as an attractive opportunity for both income-focused investors and buyers seeking long-term appreciation potential.
Property Facts
| Price | $4,507,168 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $375,597 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 5.80% | Building Size | 21,672 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Price | $4,507,168 CAD |
| Price Per Unit | $375,597 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 21,672 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 0.14/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,632,722 CAD | |
| Land Assessment | $355,925 CAD | Total Assessment | $1,988,647 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$355,925 CAD
Improvements Assessment
$1,632,722 CAD
Total Assessment
$1,988,647 CAD
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804 S 82nd St
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