1315-1343 Rolleston St - Apartments FOR SALE


Harrisburg, PA 17104- South Harrisburg
$3,500,000 USD
717-554-4881
1315-1343 Rolleston St, Harrisburg, PA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/10
null | 8.01% Cap Rate

1315-1343 Rolleston St
Harrisburg, PA 17104
South Harrisburg


HIGHLIGHTS

  • Attractive In-Place Yield & Value-Add Upside: Offered at a 8.01% cap rate with a current Net Operating Income of $280,369
  • Separately Metered Units: All residential units are separately metered for water, sewer, gas, and electric, significantly reducing owner expense
  • Garage Parking & Washer/Dryer Hookups: Each residential unit is equipped with a dedicated garage and in-unit washer & dryer hookups
  • Substantial Capital Investment – Over $250,000 in CapEx: Ownership has invested in excess of $250,000 in capital improvements
  • Central Pennsylvania Connectivity: Strategically positioned with regional access to Harrisburg, Philly, NYC, Washington DC
  • Stable Local Demographics: Within a 5-mile radius, average household incomes approach $90,000, with over 190,000 residents

OVERVIEW

Scope Commercial Real Estate is pleased to exclusively present 1315–1343 Rolleston Street, a 30-unit multifamily, income-producing asset located in Harrisburg, Pennsylvania. The property consists entirely of residential units and benefits from strong, built-in demand from the surrounding neighborhood. Each unit is separately metered for water, sewer, gas, and electric, allowing for efficient utility reimbursement and reduced owner expense exposure. Additionally, all units feature dedicated garage parking with separate ingress and egress, along with washer and dryer hookups, providing amenities that support tenant retention and rent growth. Situated in a dense, established area with strong regional connectivity, the asset benefits from proximity to major highways such as I-83 and I-81. The property encompasses approximately 21,000 rentable square feet and is currently operating with in-place cash flow, offering investors immediate income with the ability to enhance returns through rent optimization and operational efficiencies. Ownership has completed over $250,000 in capital expenditures, reducing near-term maintenance risk and positioning the asset for stabilized, long-term performance. The surrounding area demonstrates solid demographic fundamentals, including stable population density and growing household incomes, supporting sustained multifamily tenancy and demand. Agent has a financial interest in property.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

30

PRICE/UNIT

$116,667

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rolleston Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

R-4

APN/PARCEL ID

01-007-081,01-007-082

ASK ABOUT THIS PROPERTY

Craig DunkleSCOPEMore Info
717-554-4881

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Craig DunkleSCOPEMore Info
717-554-4881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.