Spacious Ranch Home on
2505 Joppa Rd, York, PA 17403
For Sale
Contact for pricing
Ranch home with income potential on over 7 acres.
Property Size5,551 SF
Lot Size7.00 Acres
Price / SF$143.94
Days on Market989
Property Features for 2505 Joppa Rd
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Realty
Listed By:
Frank Messina · License #PA RS358065
(717) 542-2428
Source:
Crexi
Added: Feb 23, 2024
Changed: Oct 25
Last Checked: Aug 14 at 5:59AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This ranch-style residence offers expansive living space and seclusion on over 7 acres of land. Located in Dallastown Schools, this property includes an additional dwelling for income production, offering the opportunity to live in one home and rent out the other. The single-story rancher boasts 2570 square feet of living space, featuring 4 bedrooms and 2 full bathrooms. Natural light streams through large windows and skylights, illuminating the interiors characterized by an open-concept floor plan. The family room includes a fireplace. Mature trees envelop the landscape, offering shade and serenity. The property size is 5551 square feet.
Key Highlights
- Income‑producing opportunity with an additional dwelling included.
- Expansive 7+ acre lot offering privacy and various possibilities.
- Located in the desirable Dallastown School District.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,080
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,600
$1.1M
Cap Rate 7%
$786,857
$786.9K
Cap Rate 9%
$612,000
$612.0K
Market Conditions
NOI Build-Up for 5,551 SF
Gross rent
$83.3K $15.00/SF
− Vacancy
−$4.6K −$0.83/SF
EGI
$78.7K $14.17/SF
− OpEx
−$23.6K −$4.25/SF
NOI
$55.1K $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 Rate 5%
$1,101,600
Cap Rate 7%
$786,857
Cap Rate 9%
$612,000
Alternative Uses
Best Use
Multifamily LT 5
$786.9K
$688.5K – $918.0K
NOI $55,080 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$730.9K
$639.5K – $852.7K
NOI $51,163 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,505 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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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
$206,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York, PA
Properties on Market for Duplexes in York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Ranch home with income potential on over 7 acres.
Where is this duplex located?
The property is located at 2505 Joppa Rd York, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Income‑producing opportunity with an additional dwelling included.; Expansive 7+ acre lot offering privacy and various possibilities.; Located in the desirable Dallastown School District.
