321 N Front St
Harrisburg, PA 17101
Immeuble residentiel Bien À vendre · 6 Lots

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to exclusively present for sale 321 N Front Street. Located in the heart of Harrisburg, PA, 321 N. Front is a prime investment opportunity featuring a diverse unit mix comprising six units, including three one-bedroom units averaging 1,153 square feet and three two-bedroom units averaging 2,233 square feet.
This premium Class A, 5-star multifamily and short-term rental product offers a unique blend of historic charm and modern amenities, catering to both luxury long-term tenants and high-income short-term visitors. The property showcases premium finishes and thoughtful upgrades that meet the demands of modern tenants and align with current market expectations. Its prime location along the picturesque Susquehanna River and proximity to downtown Harrisburg further enhance its appeal.
The property, spanning 8,100 SF on a 5,227 SF lot (0.12 acres), was originally built in 1890 and fully renovated in 2023. Zoned within Harrisburg City's Riverfront District (RF), the property is strategically located to take advantage of its proximity to Riverfront Park, the State Capitol Complex, and the bustling downtown area. Zoning encourages development that preserves the historical significance of Riverfront Park and the surrounding architectural charm while adhering to strict development standards to minimize impacts.
Area amenities add to the property's desirability. Riverfront Park, directly across the street, provides scenic views, walking and biking paths, and hosts numerous events and festivals throughout the year. Within walking distance are cultural landmarks such as the Whitaker Center for Science and the Arts, the Susquehanna Art Museum, and the State Capitol Complex. The vibrant downtown offers an array of dining, shopping, and entertainment options, while the property’s proximity to public transportation,
including the Harrisburg Transportation Center, ensures easy connectivity. Nearby educational institutions, including Harrisburg University of Science and Technology and Temple University Harrisburg, further contribute to the area’s vibrant atmosphere.
Harrisburg’s East Shore/Central Multifamily Market provides strong support for the property’s value proposition. The submarket has a five-year average vacancy rate of 6.7%, and year-over-year rent growth of 3.5%, exceeding the metro average. Recent high-end developments have achieved premium rents, highlighting demand for luxury rental products.