Turnkey 3-Unit Residential
262 West Cottage Place York, PA 17401
262 West Cottage Place, York, PA, 17401
$284,000
For Sale
$284,000
This turnkey 3-unit residential income property at 262 West Cottage Place features two apartments in the main house and a third unit above a detached rear garage.
Property Size1,943 SF
Price / SF$146.17
Days on Market72
Property Features for 262 West Cottage Place
General Information
- Standard status
- Active
- Size
- 1,943 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Lime House
(717) 798-0995
Listed by
Bradley J Bygall
(717) 798-0995
Source
Compass
Added: May 11 Updated: Jul 20 at 4:38PM Checked: Jul 21 at 6:51AM
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 Lime House
Investment Insights
Based on property information with market context.
This turnkey 3-unit residential income property at 262 West Cottage Place features two apartments in the main house, plus an additional unit located above the detached rear garage. The property is separately metered, with tenants responsible for their own electric and heat, while the owner covers water expenses.
The asset is currently generating $2,975 per month in rental income, with projected market rents of approximately $3,300 per month. Located in York City (15201), it offers a straightforward multi-unit configuration for investors seeking income-producing residential real estate in the York area.
The asset is currently generating $2,975 per month in rental income, with projected market rents of approximately $3,300 per month. Located in York City (15201), it offers a straightforward multi-unit configuration for investors seeking income-producing residential real estate in the York area.
Key Highlights
- 3‑unit residential income property at 262 W Cottage Place in York City (15201)
- Two apartments in the main house plus a third unit above a detached rear garage
- Separately metered units; tenants pay their own electric and heat
Local Financial Insights For Multifamily LT 5
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 | $29.1k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.5k | $14.17 |
| − OpEx | −$8.3k | −$4.25 |
| NOI | $19.3k | $9.92 |
1,943 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.4K
$241.0K – $321.3K
NOI $19,279 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$255.8K
$223.9K – $298.5K
NOI $17,908 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$562.6K
$492.3K – $656.3K
NOI $39,380 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - This turnkey 3-unit residential income property at 262 West Cottage Place features two apartments in the main house and a third unit above a detached rear garage.
Where is this triplex located?
The property is located at 262 West Cottage Place York, PA.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: 3‑unit residential income property at 262 W Cottage Place in York City (15201); Two apartments in the main house plus a third unit above a detached rear garage; Separately metered units; tenants pay their own electric and heat
