301 Market St - Apartments FOR SALE


Harrisburg, PA 17101- Downtown Harrisburg
$5,900,000 USD
717-554-4881
301 Market St, Harrisburg, PA for Sale
$5,900,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

301 Market St
Harrisburg, PA 17101
Downtown Harrisburg


HIGHLIGHTS

  • 38 Total Units (studios, 1 BR, 2 BR) across 9 Stories and 38,676 SF
  • Historic Building with major renovations in 2013 and 2024
  • Modern Amenities & Historic Charm combined for wide tenant appeal
  • Prime Dauphin County Location, recognized among Pennsylvania’s top places to live
  • Steps from Key Attractions like the Capitol Complex, Strawberry Square, and Whitaker Center
  • Proximity to Major Employers and Harrisburg Amtrak Station

OVERVIEW

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 301 Market Street, located in Harrisburg, PA. Formerly known as Market View Place, this historic 100-year-old building was fully renovated in 2013 and converted from an office building to student housing for the expanding Harrisburg University of Science & Technology. In 2024, it underwent a comprehensive update and repositioning as a market-rate apartment community, offering a blend of modern aesthetics and timeless character. Standing nine stories tall and encompassing 38,676 SF, 301 Market Street features 38 units comprising studios, one-bedroom, and two-bedroom floor plans. Recent upgrades include contemporary interior finishes, updated common areas, and secure building access, positioning the property to attract today’s urban renter. Now operating fully as a market-rate asset, 301 Market Street presents significant value-add potential, with leasing efforts well underway. To ensure stability for new ownership, the seller provides a guarantee of 95% occupancy for the first year, demonstrating strong confidence in the property’s appeal and the continued rental demand in Harrisburg’s flourishing downtown. A reputable property management firm is in place to support day-to-day operations and maintain consistent occupancy levels.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

38

PRICE/UNIT

$155,263

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Market View Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

Residential

APN/PARCEL ID

03-001-044

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.