4597 ETHEL ST
HARRISBURG, PA 17109
$1,299,000
Sq. Ft.:
N/A
Type:
Commercial
Listing #PADA2062048
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.
Listing Courtesy of: Kingsway Realty - Lancaster (717) 569-8701
Property Features
County:
DAUPHIN-PA
Municipality:
LOWER PAXTON TWP
Latitude:
40.30386
Longitude:
-76.81494
MLS Area:
Lower Paxton Twp (14035)
Directions:
US-22 E/Jonestown Rd, Left onto Colonial Rd, Right onto Ethel St, building will be on your right.
Heating:
Radiant
Heating Fuel:
Electric
Cooling:
None, None
Water Heater:
Electric
Total Number of Units:
0
Accessibility:
None
Is New Construction:
No
Construction:
Aluminum Siding, Block, Brick
Septic or Sewer:
Public Sewer
Has Garage:
No
Parking Spaces:
10
Lot Size in Acres:
0.41
Lot Size in Sq. Ft.:
17,860
Zoning:
R12 APARTMENTS
Building Total Area (Sq. Ft.):
0
Has Waterfront:
No
Has Water Access:
No
School District:
CENTRAL DAUPHIN
ListDate:
2026-07-15 00:00:00.0
Possession:
Settlement
Property Type:
COM
Property SubType:
Commercial Sale
Year Built:
1970
Status:
Active
Tax Year:
2025
Tax Amount:
$7,600
Ownership Interest:
Fee Simple
Available For Lease:
No
Business Type:
Apartment Building
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
© 2026 Bright MLS - TREND, Central Penn, Keystone. All rights reserved.
© 2026 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at August 2, 2026, 10:07 AM ET
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