Scope Commercial Real Estate is pleased to present COBA Apartments is a 25-unit mixed-use multifamily asset located at 1224 N 3rd Street in Harrisburg, Pennsylvania. The property contains approximately 19,250 rentable square feet situated on a 0.26-acre parcel and features a well-balanced unit mix of twenty (20) onebedroom apartments, four (4) two-bedroom townhome-style units, and one (1) ground-floor commercial space.
Originally constructed in 2012 with recent updates in 2024, the building offers modern layouts averaging approximately 770 square feet per unit. The asset is positioned in a strong residential corridor with close proximity to downtown Harrisburg, employment centers, dining, retail, and public transportation.
The property is being offered at $3,750,000, equating to approximately $150,000 per unit and $194.81 per square foot. Current operations generate stable in-place income with additional upside through rent increases toward pro forma projections.