638 S 2nd St Steelton, PA 17113
Estimated payment $2,183/month
Highlights
- Traditional Architecture
- Hot Water Baseboard Heater
- 5-minute walk to Mohn Street Park
- Electric Baseboard Heater
About This Home
Welcome to this prime investment opportunity in Steelton, PA! This well-maintained 4-unit apartment building is a lucrative addition to your portfolio. 3 units are currently occupied, providing immediate cash flow, and there is significant potential for increased rental income.
Location: Situated in the heart of Steelton, PA, this property is conveniently located with easy access to local amenities, schools, and major transportation routes.
Unit Mix: The building consists of 1 commercial unit, ideal for a business or office space, as well as 1 spacious 1-bedroom unit and 2 comfortable 2-bedroom units. This diverse unit mix caters to a range of tenant needs.
Occupancy: All apartments are currently occupied, ensuring a steady income stream from day one. Commercial unit is vacant and you can pick your own tenant. The stability of existing tenants provides a solid foundation for a seamless transition of ownership.
Upward Rent Potential: There is untapped potential for increased rental income. With the current market trends and the demand for housing in the area, strategic rent adjustments can be implemented to maximize returns.
Maintenance: The property has been well-maintained, minimizing immediate capital expenditures for the new owner.
Whether you're an experienced investor or just entering the real estate market, this property offers a compelling opportunity for financial growth. Don't miss out on the chance to add this income-generating asset to your investment portfolio. Contact us today to schedule a viewing and explore the potential of this Steelton gem!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,812
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Home Design
- 3,920 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
Parking
- 3 Parking Spaces
- 3 Off-Street Spaces
- On-Street Parking
Schools
- Steelton-Highspire Jr-Sr High School
Utilities
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Unfinished Basement
Community Details
- 4 Units
- 1 Vacant Unit
Listing and Financial Details
- Assessor Parcel Number 57-009-014-000-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,550 | $105,300 | $7,800 | $97,500 |
| 2024 | $5,234 | $105,300 | $7,800 | $97,500 |
| 2023 | $5,234 | $105,300 | $7,800 | $97,500 |
| 2022 | $5,234 | $105,300 | $7,800 | $97,500 |
| 2021 | $5,444 | $105,300 | $7,800 | $97,500 |
| 2020 | $5,444 | $105,300 | $7,800 | $97,500 |
| 2019 | $5,444 | $105,300 | $7,800 | $97,500 |
| 2018 | $5,318 | $105,300 | $7,800 | $97,500 |
| 2017 | $5,318 | $105,300 | $7,800 | $97,500 |
| 2016 | $0 | $105,300 | $7,800 | $97,500 |
| 2015 | -- | $105,300 | $7,800 | $97,500 |
| 2014 | -- | $105,300 | $7,800 | $97,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $350,000 | +42.9% | $89 / Sq Ft |
| 02/06/2025 02/06/25 | Sold | $245,000 | -5.7% | $63 / Sq Ft |
| 01/06/2025 01/06/25 | Pending | -- | -- | -- |
| 12/28/2024 12/28/24 | Off Market | $259,900 | -- | -- |
| 11/15/2024 11/15/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | For Sale | $259,900 | 0.0% | $66 / Sq Ft |
| 09/19/2024 09/19/24 | Pending | -- | -- | -- |
| 08/27/2024 08/27/24 | For Sale | $259,900 | 0.0% | $66 / Sq Ft |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | Price Changed | $259,900 | -5.5% | $66 / Sq Ft |
| 07/16/2024 07/16/24 | For Sale | $274,900 | 0.0% | $70 / Sq Ft |
| 06/26/2024 06/26/24 | Pending | -- | -- | -- |
| 06/18/2024 06/18/24 | Price Changed | $274,900 | -8.3% | $70 / Sq Ft |
| 04/18/2024 04/18/24 | Price Changed | $299,900 | -7.7% | $77 / Sq Ft |
| 03/28/2024 03/28/24 | Price Changed | $324,900 | -7.1% | $83 / Sq Ft |
| 02/22/2024 02/22/24 | For Sale | $349,900 | -- | $89 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $55,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,000 | New Conventional | |
| Closed | $60,000 | New Conventional | |
| Closed | $70,000 | Commercial | |
| Previous Owner | $100,000 | Future Advance Clause Open End Mortgage |
Source: Bright MLS
MLS Number: PADA2049318
APN: 57-009-014
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