115 LOCUST Street, Harrisburg, PA 17101 - Dauphin County

FULLY RENTED! Turnkey Downtown Harrisburg Multi-family Investment Cap Rate: 10.46%+ 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 | Current Rent: 2,650 + 185.37 utility charge |Est. Rent: $2,900/month or more - Rear Home: 3 bed / 2 bath |Current Rent: 2,000 + variable charges for utilities| Est. Rent: $2,100/month or more - Total Monthly Rental Income:Current: 4,650 base + utility charges | Est: $5,000+ - Estimated Monthly PITI Payment: $3,459 - Estimated Monthly Cash Flow: $1,541+ Investment Snapshot: - Annual Gross Income: $60,000 - Estimated Annual Expenses (taxes, insurance, maintenance): $7,684 - Estimated Net Operating Income (NOI): $52,316 - Cap Rate: 10.46% (conservatively) | 11.25%+ with short-term rental conversion With positive cash flow, 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. 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.

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