115 LOCUST ST Harrisburg, PA 17101
UPDATED:
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,916 sqft
Price per Sqft $168
Subdivision None Available
MLS Listing ID PADA2046402
Style Traditional,Colonial
HOA Y/N N
Abv Grd Liv Area 2,916
Year Built 1890
Annual Tax Amount $3,884
Tax Year 2024
Lot Size 1,120 Sqft
Acres 0.03
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Welcome to an exceptional income-producing opportunity in the heart of Downtown Harrisburg's thriving Riverfront district — just steps from the Susquehanna River, restaurants, state offices, and entertainment.
This unique property includes two fully detached single-family homes on one deed — offering dual rental streams in one of the city's most walkable and high-demand areas.
🔑 Property Highlights:
• Front Home: 5 bed / 2.5 bath | Current Rent: 2,650 + 185.37 utility charge |Est. Rent: $2,900/month or more
• Rear Home: 3 bed / 2 bath |Current Rent: 2,000 + variable charges for utilities| Est. Rent: $2,100/month or more
• Total Monthly Rental Income:Current: 4,650 base + utility charges | Est: $5,000+
• Estimated Monthly PITI Payment: $3,459
• Estimated Monthly Cash Flow: $1,541+
📊 Investment Snapshot:
• Annual Gross Income: $60,000
• Estimated Annual Expenses (taxes, insurance, maintenance): $7,684
• Estimated Net Operating Income (NOI): $52,316
• Cap Rate: 10.46% (conservatively) | 11.25%+ with short-term rental conversion
With positive cash flow, this is the kind of high-yield, low-risk asset investors chase — and rarely find in such a prime location. Just a few blocks from Riverfront Park, City Island, the Capitol Complex, and the area's largest employers, appreciation potential here is as strong as the income stream.
Whether you're a first-time investor or building your portfolio, this is a rare chance to buy low and cash flow immediately in a city with long-term upside.
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning DOWNTOWN CENTER
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s), Kitchen - Island, Recessed Lighting, Upgraded Countertops, Wood Floors, Additional Stairway, Bathroom - Walk-In Shower, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Gourmet
Hot Water Natural Gas
Heating Radiator, Baseboard - Electric
Cooling Wall Unit, Ductless/Mini-Split
Flooring Hardwood, Tile/Brick
Inclusions All owner owned appliances
Equipment Built-In Microwave, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Dishwasher
Fireplace N
Appliance Built-In Microwave, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Dishwasher
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Patio(s)
View Y/N N
Water Access N
View City, River
Roof Type Rubber,Asphalt
Accessibility None
Porch Patio(s)
Garage N
Private Pool N
Building
Foundation Stone
Above Ground Finished SqFt 2916
Sewer Public Septic
Water Public
Architectural Style Traditional, Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Harrisburg High School
School District Harrisburg City
Others
Pets Allowed N
Senior Community No
Tax ID 04-032-015-000-0000
Ownership Fee Simple
SqFt Source 2916
Acceptable Financing Conventional, FHA, Bank Portfolio, Cash, VA
Horse Property N
Listing Terms Conventional, FHA, Bank Portfolio, Cash, VA
Financing Conventional,FHA,Bank Portfolio,Cash,VA
Special Listing Condition Standard
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