4597 ETHEL ST, Harrisburg, PA 17109
4597 ETHEL ST, Harrisburg, PA 17109
4597 ETHEL ST, Harrisburg, PA 17109
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Chad Hurst • Kingsway Realty - Lancaster
$1,299,000
Est. payment /mo
0.41 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PADA2062048

Year Built 1970

Annual Tax Amount $7,600

Tax Year 2025

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare opportunity to acquire a stabilized 7-unit multifamily asset in the Harrisburg market,
offering immediate cash flow with a 7.38% cap rate. The property is 100% occupied with a
strong, established tenant base, providing reliable in-place income from day one. Recent capital
improvements include two fully renovated units, enhancing the property's overall condition
while creating opportunities for continued rent growth as units turn over. The property also
features a paved off-street parking lot, a highly desirable amenity that supports tenant
retention and marketability. Strategically located with convenient access to downtown
Harrisburg, major employers, shopping, dining, public transportation, and major highways, this
asset is well-positioned to benefit from continued demand in the local rental market. Whether
you're completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a
stable, income-producing investment, this turnkey property offers an attractive combination of
immediate cash flow, recent upgrades, and long-term upside.

Location

State PA

County Dauphin

Area Lower Paxton Twp (14035)

Zoning R12 APARTMENTS

Interior

Hot Water Electric

Heating Radiant

Cooling None

Heat Source Electric

Exterior

Garage Spaces 10.0

Water Access N

Accessibility None

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Central Dauphin

School District Central Dauphin

Others

Tax ID 35-041-103-000-0000

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader RSRS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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