37-Unit Apartment
For Sale
$3,200,000
45 S Pershing Avenue, York, PA 17401
Eight downtown properties combine a varied residential unit mix with an on-site coin-operated laundry.
Property Size27,721 SF
Price / SF$115.44
Days on Market14
Property Features for 45 S Pershing Avenue
General Information
Standard status
Active
Size
27,721 SF
Property subtype
Multi Family Home
Zoning
CENTRAL BUSINESS DISTRICT, Central Busin
Units
Unit Mix
6 x 2-bedroom units, 12 x 1-bedroom units, 13 x Efficiencies, 6 x Rooms
Multifamily Units
37
Additional Details
Gross Income
$418,800
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$32,815
Amenities
coin operated laundry
Floor Plan - Traditional
Kitchen - Eat-In
Other
Sidewalks
Building Details
Building Size
27,721 SF
Year Built
1900
Buildings
8
Units
4
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 757-7811
Listed By:
Michael J Hackenberger · License #AB065038
(717) 309-2740
Source:
Elitelevelrealty
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 3:44AM
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 Berkshire Hathaway HomeServices Homesale Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This York apartment portfolio brings together eight properties with 37 residential units and approximately 27,721 square feet of living space. The mix includes six two-bedroom units, 12 one-bedroom units, 13 efficiencies, and six rooms. An on-site coin-operated laundry serves the properties. The buildings date to 1900, and the portfolio is zoned Central Business District.
The properties are at 45, 47, 49, and 55 S. Pershing Avenue and 111–113, 157, 159, and 161 W. King Street in downtown York. The portfolio lies within the HARB District. Two Section 8 tenants are identified at 111-A1 and 157 A1 W. King Street. The properties underwent a code inspection in 2026.
The properties are at 45, 47, 49, and 55 S. Pershing Avenue and 111–113, 157, 159, and 161 W. King Street in downtown York. The portfolio lies within the HARB District. Two Section 8 tenants are identified at 111-A1 and 157 A1 W. King Street. The properties underwent a code inspection in 2026.
Key Highlights
- Eight properties totaling 37 residential units
- Approximately 27,721 square feet of living space
- Unit mix: six 2‑bedroom units, 12 1‑bedroom units, 13 efficiencies, and 6 rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$255,502
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,110,040
$5.1M
Cap Rate 7%
$3,650,029
$3.7M
Cap Rate 9%
$2,838,911
$2.8M
Market Conditions
NOI Build-Up for 27,721 SF
Gross rent
$489.0K $17.64/SF
− Vacancy
−$24.4K −$0.88/SF
EGI
$464.5K $16.76/SF
− OpEx
−$209.0K −$7.54/SF
NOI
$255.5K $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%
$5,110,040
Cap Rate 7%
$3,650,029
Cap Rate 9%
$2,838,911
Alternative Uses
Best Use
Apartment 5plus
$3.65M
$3.19M – $4.26M
NOI $255,502 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.03M
$7.02M – $9.36M
NOI $561,834 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
37
Residential units
Location Intelligence
Trade Area within ½ mile
2,679
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight downtown properties combine a varied residential unit mix with an on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 45 S Pershing Avenue York, PA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Eight properties totaling 37 residential units; Approximately 27,721 square feet of living space; Unit mix: six 2‑bedroom units, 12 1‑bedroom units, 13 efficiencies, and 6 rooms
