3-Unit
For Sale
$345,000
1023 S QUEEN STREET, York, PA 17403
Built in 1900, this residential property contains three rental units.
Property Size2,250 SF
Price / SF$153.33
Days on Market58
Property Features for 1023 S QUEEN STREET
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Core Partners Realty
(717) 718-0748
Listed By:
John MacDonald · License #RS342306
(717) 495-2443
Source:
Cummingsrealtors
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Core Partners Realty
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Investment Insights
Based on property information with market context.
This triplex at 1023 S Queen Street provides three rental units within approximately 2,250 square feet. Constructed in 1900, the property is configured as a residential income asset in York, Pennsylvania. Its unit count and established construction date provide the key physical characteristics for evaluating the property.
Key Highlights
- Three rental units
- Approximately 2,250 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,326
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,520
$446.5K
Cap Rate 7%
$318,943
$318.9K
Cap Rate 9%
$248,067
$248.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$33.8K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$31.9K $14.17/SF
− OpEx
−$9.6K −$4.25/SF
NOI
$22.3K $9.92/SF
Area
York County, PA
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,520
Cap Rate 7%
$318,943
Cap Rate 9%
$248,067
Alternative Uses
Best Use
Multifamily LT 5
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$296.3K
$259.2K – $345.6K
NOI $20,738 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$651.5K
$570.0K – $760.0K
NOI $45,602 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 17403, PA
40,344
Population
16,490
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
89%
High-School Grad
20.6 sq mi
ZIP Area
1,958
Density / Sq Mi
$72,233
Median Household Income
$38,105
Median Earnings
$1,072
Median Rent
$206,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1900, this residential property contains three rental units.
Where is this triplex located?
The property is located at 1023 S QUEEN STREET York, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Three rental units; Approximately 2,250 square feet; Built in 1900
