Building Details

Year built 1900

Number of units 3

Building materials Brick

Architectural style Other

Listing Agency: Core Partners Realty · Century 21 Real Estate m***@century21core.com Show Phone

Listed By: John MacDonald · License #RS342306 Show Phone

Added: Aug 21 Changed: Oct 5 Last Checked: Oct 8 at 4:06AM

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MLS# PAYK2110396

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,250-square-foot triplex contains three rental units within a brick building constructed in 1900. The property includes other heating equipment and a detached garage for parking or storage.

Located at 1023 S Queen Street in York, Pennsylvania, the property sits on a 0.0527-acre lot in ZIP Code 17403. Its three-unit configuration provides an established multifamily layout for a residential rental operation.

Key Highlights

• Three rental units in a 2,250‑square‑foot triplex
• Brick construction
• Detached garage

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 (±1% cap)

NOI $22,326 @ 7.0% cap · market cap 6.47%

Second Best

Apartment 5plus

$296.3K

$259.2K – $345.6K (±1% cap)

NOI $20,738 @ 7.0% cap · market cap 6.01%

Theoretical Best

Office A

$651.5K

$570.0K – $760.0K (±1% cap)

NOI $45,602 @ 7.0% cap · market cap 13.22%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Cafe & Coffee Shop Catering Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three rental units occupy a brick multifamily property with a detached garage.

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 in a 2,250‑square‑foot triplex; Brick construction; Detached garage