335 N Market St - Apartments FOR SALE


Harrisburg, PA 17101- Downtown Harrisburg
$6,500,000 USD
717-554-4881
335 N Market St, Harrisburg, PA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/11
null | 7.65% Cap Rate

335 N Market St
Harrisburg, PA 17101
Downtown Harrisburg


HIGHLIGHTS

  • 46 Total Units (97 student beds) across 9 Stories and 34,888 SF
  • Historic building recently renovated
  • Prime Dauphin County Location, recognized among Pennsylvania’s top places to live

OVERVIEW

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 335 Market Street, located in downtown Harrisburg, PA. The subject property, currently known as Residences on Market, is a historic landmark property that was originally the Metropolitan Hotel in the 1900’s. The property was later redeveloped in the 1970’s under the Harristown Urban Renewal Plan, when the city aimed to revitalize its Central Business District by constructing new office, retail, and commercial spaces to accommodate a growing state government workforce. In 2010/2011 this nine-story commercial building was fully renovated and converted into a forty-six (46) unit apartment complex. The unit mix consists of a variety of one (1) bedroom units, luxury, premium, and larger units, and currently accommodates one (1), two (2), and three (3) “bed” student rentals, primarily double occupancy units with a few triple-occupancy units. After the 2011 apartment construction phase, as the property was at its completion, Harrisburg University requested that this property be listed as one of their exclusive student rental apartments for its growing student body, and in 2024-2025 the University consolidated units for exclusive use of the subject property. The property sits directly across the street from the Harrisburg University Academic Center. Operated in association with Harrisburg University, the apartments are designed for urban living, with amenities like large closets, panoramic views of the Capitol and cityscape, and utilities (water, sewer, trash, and hot water) included in the rent. Its prime location—steps from restaurants, shops, the Whitaker Center, Strawberry Square, and public transit—positions it as a key residential hub in downtown Harrisburg.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

46

PRICE/UNIT

$141,304

CAP RATE

7.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residences on Market

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

03-001-067

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.