Apartment Building for Residential
162 E Market St York, PA 17401
New
162 E Market St, York, PA, 17401
$2,200,000
For Sale
$2,200,000
For sale apartment building configured for residential income use at 162 E Market St in York County.
Property Size18,000 SF
Price / SF$122.22
Days on Market6
Property Features for 162 E Market St
General Information
- Standard status
- Active
- Size
- 18,000 SF
Building Details
- Year Built
- 1927
Listing agency
(717) 825-8466
Listed by
Isaac Spearman
(717) 825-8466
Source
Evrealestate
Added: Jul 17 Updated: Jul 21 at 7:37PM Checked: Jul 21 at 7:37PM
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 Isaac Spearman
Investment Insights
Based on property information with market context.
Offered for sale, this apartment building is presented as a residential income property. The listing includes commercial real estate classifications alongside residential income and multifamily property types.
The property is located at 162 E Market St in York, Pennsylvania, within York County. Directions are noted as GPS.
Additional operational or physical details beyond the residential income classification were not provided in the listing information.
The property is located at 162 E Market St in York, Pennsylvania, within York County. Directions are noted as GPS.
Additional operational or physical details beyond the residential income classification were not provided in the listing information.
Key Highlights
- Apartment building for residential income use at 162 E Market St in York County
- Built in 1927
- Window unit cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.5k | $17.64 |
| − Vacancy | −$15.9k | −$0.88 |
| EGI | $301.6k | $16.76 |
| − OpEx | −$135.7k | −$7.54 |
| NOI | $165.9k | $9.22 |
18,000 SF · lease $17.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$3.07M
$2.68M – $3.58M
NOI $214,780 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$2.37M
$2.07M – $2.77M
NOI $165,904 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$5.21M
$4.56M – $6.08M
NOI $364,814 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
E W Food ...
Grocery & Convenience Store
Unbank Bitcoin ATM
Atm
162 Convenience Store. ...
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale apartment building configured for residential income use at 162 E Market St in York County.
Where is this apartment building located?
The property is located at 162 E Market St York, PA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Apartment building for residential income use at 162 E Market St in York County; Built in 1927; Window unit cooling
