230 Front St - Apartments FOR SALE


Steelton, PA 17113
$6,600,000 USD
717-554-4881
230 Front St, Steelton, PA for Sale
$6,600,000 USD
Apartments - FOR SALE
1/23

230 Front St
Steelton, PA 17113


HIGHLIGHTS

  • New Construction (2023) | Modern 41-unit Class B multifamily asset with high-end finishes and amenities.
  • Diverse Unit Mix | 20 One-Bedroom Units (Avg. 825 SF), 21 Studio Units (Avg. 662 SF) & 2,860 SF Retail Suite + Management Office.
  • Prime Location | Scenic riverfront setting along the Susquehanna River in Steelton, PA, minutes from Downtown Harrisburg and major employers.

OVERVIEW

SCOPE Commercial Real Estate Services is pleased to present The Steel Works Apartments, a newly constructed 41-unit Class B multifamily asset located in the heart of Steelton, PA, just minutes from downtown Harrisburg. Completed in 2023, the building includes 20 one-bedroom units, 21 studios, a 2,860 SF retail suite, and an on-site management office, all situated on a 1.59-acre site along the Susquehanna River. Zoned C-2 (Secondary Commercial District), the property offers flexible use options ideal for mixed-use or value-add strategies. The local South Dauphin County multifamily market supports strong investment potential with a 2.5% average vacancy rate, $1,420/month average rent, and 4.6% annual rent growth. With no new multifamily construction in the pipeline and recent comparable sales topping $180,000 per unit, this asset presents an exceptional opportunity for long-term income and appreciation.

FOR SALE DETAILS

PRICE

$6,600,000 USD

# OF UNITS

41

PRICE/UNIT

$160,976

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Steel Works Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C-2

APN/PARCEL ID

59-017-037

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.