Turnkey Semi-Detached
For Sale
$249,900
1547 W KING STREET, York, PA 17404
Semi-detached two-unit duplex in the West York School District with one-bedroom vacant and a second unit leased through January 2027.
Property Size1,824 SF
Price / SF$137.01
Days on Market46
Property Features for 1547 W KING STREET
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Renaissance Realty Sales, LLC
(717) 881-3037
Listed By:
Spencer Blake · License #RS367636
(717) 881-2965
Source:
Cummingsrealtors
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 4 at 6:34AM
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 Renaissance Realty Sales, LLC
Investment Insights
Based on property information with market context.
1547 W King Street presents a turnkey semi-detached two-unit duplex in the West York School District. The first-floor one-bedroom unit is currently vacant, and the second-floor three-bedroom unit is leased through January 2027, providing an immediate mix of owner-occupant and investment options.
The property is supported by separate gas and electric utilities, and tenants reimburse the owner for water, sewer, and trash. Built in 1900, the building provides a compact, manageable footprint for a duplex buyer, with approximately 1,824 square feet of total space.
This configuration supports flexible occupancy planning: one unit can be prepared for immediate use or rental while the other continues under an in-place lease term through January 2027.
The property is supported by separate gas and electric utilities, and tenants reimburse the owner for water, sewer, and trash. Built in 1900, the building provides a compact, manageable footprint for a duplex buyer, with approximately 1,824 square feet of total space.
This configuration supports flexible occupancy planning: one unit can be prepared for immediate use or rental while the other continues under an in-place lease term through January 2027.
Key Highlights
- Semi‑detached two‑unit duplex in the West York School District
- First‑floor one‑bedroom unit is currently vacant
- Second‑floor three‑bedroom unit leased through January 2027
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
$18,099
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
7.24%
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%
$361,980
$362.0K
Cap Rate 7%
$258,557
$258.6K
Cap Rate 9%
$201,100
$201.1K
Market Conditions
NOI Build-Up for 1,824 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
$27.4K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.9K $14.17/SF
− OpEx
−$7.8K −$4.25/SF
NOI
$18.1K $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%
$361,980
Cap Rate 7%
$258,557
Cap Rate 9%
$201,100
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.2K – $301.7K
NOI $18,099 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$240.2K
$210.2K – $280.2K
NOI $16,812 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
510
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
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 - Semi-detached two-unit duplex in the West York School District with one-bedroom vacant and a second unit leased through January 2027.
Where is this duplex located?
The property is located at 1547 W KING STREET York, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Semi‑detached two‑unit duplex in the West York School District; First‑floor one‑bedroom unit is currently vacant; Second‑floor three‑bedroom unit leased through January 2027
