Middletown Borough 35 Unit Apartment building. Fully rented. Walk to Penn State University Harrisburg. Brand new roof in 2022. All new breaker boxes in March 2023. Vinyl Replacement windows. Two newer gas hot water heaters. The annual rent roll is $ 318,120.00 with additional income from coin-operated laundry and vending machines . Property run by a management company. Total operating expenses $126,889.69 The units are all one-bedroom or efficiency apartments. There are fire/security cameras in public areas. 28 of the units have PTAC and 7 have BB with window units. Units each have a range/stove, refrigerator, and access to the washers/ dryers in the laundry room. There are 40+ parking spaces. The tenant pays for cable, internet, and phone. It is located just outside Harrisburg, Pennsylvania the state capitol, and minutes from Harrisburg Int'l Airport.
Sold for $2,300,000 on 04/30/25
$2,300,000
41 Peters Ave, Middletown, PA 17057
35beds
--baths
--sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$--/sqft
$985 Estimated rent
Owner options
What's special
Zillow last checked: 9 hours ago
Listing updated: May 06, 2025 at 05:40am
Listed by:
Beth Shoop 717-571-5526,
Coldwell Banker Realty,
Co-Listing Agent: Colleen Marie Blume 717-503-3256,
Coldwell Banker Realty
Bought with:
NON MEMBER
Non Subscribing Office
Source: Bright MLS,MLS#: PADA2041422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 35
Basement
- Area: 0
Heating
- Baseboard, Wall Unit, Electric
Cooling
- Window Unit(s), Ductless, Electric
Appliances
- Included: Oven/Range - Electric, Refrigerator, Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Unassigned, Off Street
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 0.57 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 420210260000000
- Zoning: R2 RES. MULTI FAMILY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Block
- Foundation: Block, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1971
- Major remodel year: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Monitored, Smoke Detector(s), Security System
Location
- Region: Middletown
- Municipality: MIDDLETOWN BORO
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals, Laundry, Concessions
- Listing terms: Bank Portfolio,Cash,Conventional
- Ownership: Fee Simple