Market Street Portfolio

12-03-2021
12-06-2021

301 Market St, Harrisburg, PA 17101

  • ​*Significant Value-Add Upside in Converting 319 Market From Market Rate to Student Beds – HU Has Confirmed Their Interest in Placing New Student Beds*
  • ​Exclusive Student Housing Apartments For Harrisburg University
  • ​Located Directly Across the Street From HU’s Academic University Campus
  • ​Located Directly Across the Street From Harrisburg Amtrak Station
  • ​Close Proximity To Shopping, Museum, and State Government Complex
  • ​An 11-story Health Science Education Center Is Under Construction, Which Will Accommodate 1,000 Students

Property Description

301 Market St, Harrisburg, PA 17101: (Exclusive to Harrisburg University): The Subject Property is known as Market View Place, a student housing apartment dormitory for students of Harrisburg University.​ The building is nine (9) stories, 38,676 SF and is comprised of 46 units equaling 119 Student Beds that are primarily quad-occupancy, with several double occupancy.​ The first floor is leased and occupied by top preforming Subway.​

319 Market St, Harrisburg, PA 17101: The Subject Property is known as Market View II Apartments.​ The sixteen (16) unit, four (4) story, 11,960 SF apartment building is ideally located in the Center of Downtown Harrisburg.​ The units mix consists of Four (4) studio’s, Nine (9) one bedroom, One (1) one bedroom deluxe, One (1) two bedroom, and One (1) three-bedroom Luxury Downtown Apartments.​ The Building dates back to 1900 and is on the National Registry of Historic Places by the United States Department of the Interior.​

335 Market St, Harrisburg, PA 17101- (Exclusive to Harrisburg University): The Subject Property is known as Residences on Market, a student housing apartment dormitory for students of Harrisburg University.​ The building is nine stories, 34,888 SF and is comprised of 46 units equaling 97 Student Beds that are primarily double-occupancy, with a several triple-occupancy.​ 

Total Units = 101; Total Possible Beds = 255

Key Property Information

Listing Status
Available
Multifamily type
Student Housing
Price
$ 15,000,000
No. of Units
101
Cap Rate
6.67%
Average Occupancy
100%
Opportunity Zone
Off
Price per unit
$ 148,515
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