115 Locust Street

HARRISBURG, PA 17101

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 1120
    Sqft(Lot)
$499,900

Description

Turnkey downtown harrisburg dual-home investment | $499,900 | cap rate: 10.7%+

welcome to an exceptional income-producing opportunity in the heart of downtown harrisburg’s thriving riverfront district — just steps from the susquehanna river, restaurants, state offices, and entertainment.

this unique property includes two fully detached single-family homes on one deed — offering dual rental streams in one of the city’s most walkable and high-demand areas.

🔑 property highlights:
• front home: 5 bed / 2.5 bath | est. rent: $2,800/month
• rear home: 3 bed / 2 bath | est. rent: $2,000/month or more
• total monthly rental income: $4,800+
• estimated monthly piti payment: $3,459
• estimated monthly cash flow: $1,341+

📊 investment snapshot:
• annual gross income: $57,600
• estimated annual expenses (taxes, insurance, maintenance): $7,800
• estimated net operating income (noi): $49,800
• cap rate: 9.96% (conservatively) | 10.7%+ with market-rate rents or short-term rental conversion

with positive cash flow from day one, this is the kind of high-yield, low-risk asset investors chase — and rarely find in such a prime location. just a few blocks from riverfront park, city island, the capitol complex, and the area’s largest employers, appreciation potential here is as strong as the income stream.

🗝️ live in one, rent the other — or lease both for maximum roi. whether you’re a first-time investor or building your portfolio, this is a rare chance to buy low and cash flow immediately in a city with long-term upside.

  • Property Type

    Multi-Family

  • Subdivision

    None Available

  • County

    DAUPHIN

  • Style

    Traditional,Colonial

  • AD ID

    50146652

Sell a home like this and save $29,495 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Patio(s)

    Interior Features

    • Ceiling Fan(s),Kitchen - Island,Recessed Lighting,Upgraded Countertops,Wood Floors,Additional Stairway,Bathroom - Walk-In Shower,Floor Plan - Traditional,Formal/Separate Dining Room,Kitchen - Gourmet
    • Roof : Rubber,Asphalt
    • Exterior Property Features : Sidewalks,Street Lights
    • Basement Description: Full
    • Property Appliances: Built-In Microwave,Oven/Range - Electric,Oven/Range - Gas,Refrigerator,Dishwasher

    Roofing Information

    • Rubber,Asphalt

    Heating & Cooling

    • Cooling: Wall Unit,Ductless/Mini-Split
    • Heating: Radiator,Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas

  • Building Information

    • Exterior Features: Sidewalks,Street Lights
    • Year Built: 1890
    • Structure: End of Row/Townhouse
    • Major Appliances: Built-In Microwave,Oven/Range - Electric,Oven/Range - Gas,Refrigerator,Dishwasher
    • New Construction: No
    • Total Units: 2
    • Built: 1890
    • Construction Material: Brick
    • Roof: Rubber,Asphalt
    • Foundation/Basement: Stone
    • Architecture: Traditional,Colonial
    • Pool/Private: No Pool
    • Roof Type: Rubber,Asphalt

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Septic

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 1,120
    • Lot Size (Acres): 0.03
    • Architectural Style: Traditional,Colonial
    • Main Square Feet: 1,120

    Property Information

    • SQ ft: 2,916
    • SQ ft (Living Area): 2,916
    • Total Lot SQ ft: 1,120
    • View: City,River
    • Subdivision: NONE AVAILABLE
    • Financing: Conventional,FHA,Bank Portfolio,Cash,VA
    • Total Acreage: 0.03
    • New Construction: No
    • Type: Traditional,Colonial

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 9

  • Tax Information

    • Annual Tax: $3,884
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $99,200

  • Parking Information

    • Parking Type: Off Street,Other

    Multi-Unit Information

    • Acceptable Financing: Conventional,FHA,Bank Portfolio,Cash,VA
    • Roof: Rubber,Asphalt

    Homeowners Association Information

    • Direction: Take Shannon St to S Cameron St 39 sec (0.1 mi) Take S 2nd St to Pine St – 5 min (1.1 mi) Turn left onto Pine St 58 sec (0.1 mi) Turn left onto N Front St 22 sec (499 ft) Turn left onto Locust St Destination will be on the right

  • School Information

    • High School: HARRISBURG HIGH SCHOOL
    • School District: HARRISBURG CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Septic
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Location Type: River
    • Direction: Take Shannon St to S Cameron St 39 sec (0.1 mi) Take S 2nd St to Pine St – 5 min (1.1 mi) Turn left onto Pine St 58 sec (0.1 mi) Turn left onto N Front St 22 sec (499 ft) Turn left onto Locust St Destination will be on the right
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2025 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 06/21/2025 @ 09:54

  • MLS: PADA2046402
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 1,120 sized lot, and 0 parking. are nearby neighborhoods.