$1,199,000

4597 ETHEL STREET, HARRISBURG PA, 17109

Price per sqftN/A

Built in1970

Property typeCommercial

Overview

Active

Active-bright

Listed Jul 15, 2026

Updated 6 days ago

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.

Additional information

MLS^® ID: PADA2062048

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.41 Acres

Other Property Details

Taxes: $7,600
Tax Frequency: Annually

Listed by Kingsway Realty - Lancaster
Listing Contact: 7173716168

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/2/2026 at 12:20 AM UTC

KW Metro Center