West York Duplex Pair with
For Sale
$279,900
1423 W KING STREET, York, PA 17404
The two-property offering combines tenant occupancy, detached garage space and month-to-month leases.
Property Size2,720 SF
Price / SF$102.90
Days on Market13
Property Features for 1423 W KING STREET
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Duplex
Building Details
Year Built
1900
Buildings
2
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services-York
(717) 846-6500
Listed By:
Danielle H. Destephano
(717) 600-7125
Source:
Cummingsrealtors
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 5 at 6:53PM
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 Howard Hanna Real Estate Services-York
Investment Insights
Based on property information with market context.
This West York offering combines 1423 and 1425 W King Street. Both properties have open living and dining areas, kitchens with pantry and storage, three bedrooms, rear balconies and fenced yards. Detached garage space is located behind the properties. The floor plans differ: 1423 has a first-floor bathroom and laundry area, while 1425 has second-floor bathroom and basement washer and dryer hookups.
Both properties are occupied by long-term tenants on month-to-month leases, and the tenants would like to remain. The rear balconies overlook railroad tracks and offer views of West York. The properties are within the West York School District. Elite Property Management currently manages the properties and is willing to continue management under new ownership.
Both properties are occupied by long-term tenants on month-to-month leases, and the tenants would like to remain. The rear balconies overlook railroad tracks and offer views of West York. The properties are within the West York School District. Elite Property Management currently manages the properties and is willing to continue management under new ownership.
Key Highlights
- Two properties offered together at 1423 and 1425 W King Street
- Three bedrooms in each property
- Detached garages at the rear, with garage space currently unrented at 1423
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,070
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,400
$501.4K
Cap Rate 7%
$358,143
$358.1K
Cap Rate 9%
$278,556
$278.6K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$48.0K $17.64/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$45.6K $16.76/SF
− OpEx
−$20.5K −$7.54/SF
NOI
$25.1K $9.22/SF
Area
York County, PA
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,400
Cap Rate 7%
$358,143
Cap Rate 9%
$278,556
Alternative Uses
Best Use
Multifamily LT 5
$385.6K
$337.4K – $449.8K
NOI $26,989 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,070 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$787.5K
$689.1K – $918.8K
NOI $55,127 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 17404, PA
37,745
Population
15,716
Households
2.4
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
21.5 sq mi
ZIP Area
1,756
Density / Sq Mi
$75,882
Median Household Income
$43,408
Median Earnings
$1,136
Median Rent
$176,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-property offering combines tenant occupancy, detached garage space and month-to-month leases.
Where is this duplex located?
The property is located at 1423 W KING STREET York, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two properties offered together at 1423 and 1425 W King Street; Three bedrooms in each property; Detached garages at the rear, with garage space currently unrented at 1423
