Duplex and Single-Family Rental
For Sale
$389,900
1150-1152 E PHILADELPHIA Street, York, PA 17403
Multi-Family, YORK, PA
Property Size2,128 SF
Lot Size0.24 Acres
Price / SF$183.22
Days on Market54
Property Features for 1150-1152 E PHILADELPHIA Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Off Street, Driveway, On Street
Elementary school
DAVIS
Middle school
HANNAH PENN
High school
WILLIAM PENN
Elementary school district
YORK CITY
Middle school district
YORK CITY
High school district
YORK CITY
Standard status
Active
Size
2,128 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3139
Utilities
Heating system
Electric (Heating), Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
3
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Michael S Watroba · License #RS223099L
(717) 495-1059
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# PAYK2106424
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 for-sale residential income package combines a duplex and a detached single-family home sold together. The duplex includes one 1-bedroom unit and one 2-bedroom unit, with separate electric service, heating systems, and water heaters for each unit. A brand-new furnace was installed in 2025. The third unit is a detached 3-bedroom single-family home that features an enclosed patio, a storage shed, and a fenced backyard.
The properties are offered as a bundled sale only, and the listing indicates the opportunity is tied to a specific MLS package (MLS #PAYK2096952). The asset also includes an expansive residential lot behind the buildings, which may allow for future expansion, additional parking, or possible new construction, subject to municipal approvals. Buyers are responsible for verifying zoning, land use, subdivision, and development opportunities with the City of York Zoning Office and Planning Department.
From an operating standpoint, the package is structured for flexibility, whether an owner-occupant chooses to live in the single-family home while renting the duplex, or an investor continues the existing management approach. The listing states all three units are currently occupied by long-term tenants and are professionally managed, with the current management team available to continue servicing the property.
The properties are offered as a bundled sale only, and the listing indicates the opportunity is tied to a specific MLS package (MLS #PAYK2096952). The asset also includes an expansive residential lot behind the buildings, which may allow for future expansion, additional parking, or possible new construction, subject to municipal approvals. Buyers are responsible for verifying zoning, land use, subdivision, and development opportunities with the City of York Zoning Office and Planning Department.
From an operating standpoint, the package is structured for flexibility, whether an owner-occupant chooses to live in the single-family home while renting the duplex, or an investor continues the existing management approach. The listing states all three units are currently occupied by long-term tenants and are professionally managed, with the current management team available to continue servicing the property.
Key Highlights
- Package includes a duplex at 1152 E. Philadelphia St and a detached 3‑bedroom single‑family home at 1150 E. Philadelphia St, sold together only.
- Duplex layout: one 1‑bedroom unit and one 2‑bedroom unit, each with separate electric service, heating systems, and water heaters.
- Two properties for one price with all three units currently occupied by long‑term tenants and professionally managed.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,300
$422.3K
Cap Rate 7%
$301,643
$301.6K
Cap Rate 9%
$234,611
$234.6K
Market Conditions
NOI Build-Up for 2,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.9K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.2K $14.17/SF
− OpEx
−$9.0K −$4.25/SF
NOI
$21.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,300
Cap Rate 7%
$301,643
Cap Rate 9%
$234,611
Alternative Uses
Best Use
Multifamily LT 5
$301.6K
$263.9K – $351.9K
NOI $21,115 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,614 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$616.1K
$539.1K – $718.8K
NOI $43,129 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
777
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income package with a duplex plus a 3-bedroom home, with separate utilities and existing long-term tenants.
Where is this duplex located?
The property is located at 1150-1152 E PHILADELPHIA Street York, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Package includes a duplex at 1152 E. Philadelphia St and a detached 3‑bedroom single‑family home at 1150 E. Philadelphia St, sold together only.; Duplex layout: one 1‑bedroom unit and one 2‑bedroom unit, each with separate electric service, heating systems, and water heaters.; Two properties for one price with all three units currently occupied by long‑term tenants and professionally managed.
