115 Locust Street

FULLY RENTED! Turnkey Downtown Harrisburg Multi-family Investment Cap Rate: 10.46%+ 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.