Building Details

Year Built 1900

Buildings 2

Tenancy Multi

Listing Agency: Renaissance Realty Sales, LLC Show Phone

Listed By: Spencer Blake · License #RS367636 Show Phone

Source: Cummingsrealtors

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:38AM

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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

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Investment Insights

Based on property information with market context.

This York residential portfolio consists of two buildings: a duplex at 25 Carlisle Avenue and a triplex at 27 Carlisle Avenue. The property totals 2,592 square feet and was built in 1900. Its five apartments comprise two two-bedroom units, one three-bedroom unit, and two one-bedroom units. The two-bedroom apartments have one bathroom and one-and-a-half bathrooms, respectively; the other three units each have one bathroom.

Three apartments are leased month to month. The remaining leases run through July 2027 and September 2027. The buildings are located on Carlisle Avenue in York, Pennsylvania.

Key Highlights

• Five apartments across a duplex and triplex
• 2,592 square feet; built in 1900
• Unit mix: two two‑bedroom, one three‑bedroom, and two one‑bedroom apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,890

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$477,800 $477.8K

Cap Rate 7%

$341,286 $341.3K

Cap Rate 9%

$265,444 $265.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$45.7K $17.64/SF

− Vacancy

−$2.3K −$0.88/SF

EGI

$43.4K $16.76/SF

− OpEx

−$19.5K −$7.54/SF

NOI

$23.9K $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%

$477,800

Cap Rate 7%

$341,286

Cap Rate 9%

$265,444

Alternative Uses

Best Use

Apartment 5plus

$341.3K

$298.6K – $398.2K (±1% cap)

NOI $23,890 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$750.5K

$656.7K – $875.6K (±1% cap)

NOI $52,533 @ 7.0% cap · market cap 10.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Skin Care Clinic Travel Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

5

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,003

Businesses Nearby

Explore this area Business Placement

Demographics for 17401, PA

18,771

Population

8,202

Households

2.3

Avg Household Size

32

Median Age

16%

College-Educated

80%

High-School Grad

1.5 sq mi

ZIP Area

12,514

Density / Sq Mi

$41,569

Median Household Income

$30,329

Median Earnings

$940

Median Rent

$84,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - The offering combines a duplex and triplex, with all five apartments occupied.

Where is this apartment building located?

The property is located at 25 CARLISLE AVENUE York, PA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Five apartments across a duplex and triplex; 2,592 square feet; built in 1900; Unit mix: two two‑bedroom, one three‑bedroom, and two one‑bedroom apartments