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sales rep | Brivity IDX

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4597 Ethel St , Harrisburg, PA 17109
$1,199,000
Est. Payment: $6,477.21/mo
0.41 Acres
Status: active | Days on site: 115
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1152 - 3234218,3234551
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House Description

Rare opportunity to acquire a stabilized 7-unit multifamily asset in the Harrisburg market, offering immediate cash flow with a 7.38% cap rate. The property is 100% occupied with a strong, established tenant base, providing reliable in-place income from day one. Recent capital improvements include two fully renovated units, enhancing the property's overall condition while creating opportunities for continued rent growth as units turn over. The property also features a paved off-street parking lot, a highly desirable amenity that supports tenant retention and marketability. Strategically located with convenient access to downtown Harrisburg, major employers, shopping, dining, public transportation, and major highways, this asset is well-positioned to benefit from continued demand in the local rental market. Whether you're completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a stable, income-producing investment, this turnkey property offers an attractive combination of immediate cash flow, recent upgrades, and long-term upside.

Highlights

Listed by Chad Hurst , 7173716168 and Jeremy Hess , 7174719473 Kingsway Realty - Lancaster , 7175698701. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.41

Year Built

1970

County

Dauphin

Area

Lower Paxton Twp (14035)

School District

Central Dauphin

Listing ID

PADA2062048

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:10
Zoning:R12 APARTMENTS
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$6,477
Taxes
$633

Home Price

$1,199,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$239,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,477.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,477.21 $633.33 $0.00 $7,110.54
Yearly $77,726.47 $7,600.00 $0.00 $85,326.47
Total $2,331,793.99 $228,000.00 $0.00 $2,559,793.99
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Harrisburg, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS