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Prime Investment Opportunity - 1 Hereford St, Harrisburg, PA 17109 This multi-unit property is a rare find in a high-visibility, main location in Harrisburg, PA. With strong rental income, a large lot with commercial potential, and an attractive owner-financing option, this investment offers multiple opportunities for cash flow and future development. The property consists of seven residential units and three garages, generating a total monthly rental income of $12,225 and an annual income of $146,700. With annual expenses of $13,518, the property delivers a net operating income (NOI) of $133,182, resulting in a cap rate of 10.65% at the $1,250,000 asking price. Unit Breakdown: Seven residential units ranging from studios to 3-bedroom apartments, all fully leased. Three garage units, providing additional income streams. Additional Features: Large commercial lot with potential for business use or future development. High-traffic location, ideal for mixed-use opportunities. Owner-financing available, offering flexible purchasing options. This property is perfect for investors looking for strong cash flow with growth potential. Don't miss out on this versatile investment opportunity in a prime location. Contact us today for more details!
Property Type(s):
Single Family
| Last Updated | 3/18/2025 | Tract | COLONIAL PARK FARMS |
|---|---|---|---|
| Year Built | 1947 | Community | Lower Paxton Twp (14035) |
| Garage Spaces | 4.0 | County | DAUPHIN |
SCHOOLS
| School District | CENTRAL DAUPHIN |
|---|---|
| High School | CENTRAL DAUPHIN EAST |
Additional Details
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Lower Paxton Twp (14035) |
| CONSTRUCTION | Other |
| GARAGE | Yes |
| HEAT | Baseboard, Electric |
| LOT | 0.65 acre(s) |
| PARKING | Garage, Attached |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 2 |
| STYLE | Bi-level |
| SUBDIVISION | COLONIAL PARK FARMS |
| TAXES | 5018 |
| WATER | Public |
Location
Listing provided by Coldwell Banker Realty
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 3/18/25 4:06 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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