Apartment Portfolio with
New
For Sale
$3,200,000
45 S PERSHING Avenue, York, PA 17401
Multi-Family, YORK, PA
Property Size27,721 SF
Lot Size0.05 Acres
Price / SF$115.44
Days on Market2
Property Features for 45 S PERSHING Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Floor Plan - Traditional, Kitchen - Eat-In
Appliances
Oven - Single, Refrigerator
Subdivision
YORK CITY
Middle school
HANNAH PENN
High school
WILLIAM PENN
Elementary school district
YORK CITY
Middle school district
YORK CITY
High school district
YORK CITY
Standard status
Active
Size
27,721 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4926
Utilities
Heating system
Electric (Heating), Baseboard, Forced Air, Hot Water(Heating)
Amenities
coin operated laundry
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 757-7811
Listed By:
Michael J Hackenberger · License #AB065038
(717) 309-2740
Added: Oct 15
Last Checked: Oct 16 at 12:06AM
MLS# PAYK2113520
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This York apartment portfolio comprises 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 residents, and the buildings are constructed of brick.
The properties are at 45, 47, 49, and 55 S. Pershing Avenue and 111–113, 157, 159, and 161 W. King Street. The portfolio is within the HARB District and underwent 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. The portfolio is within the HARB District and underwent code inspection in 2026.
Key Highlights
- Eight properties totaling 37 units
- Approximately 27,721 square feet of living space
- Unit mix: six two‑bedroom units, 12 one‑bedroom units, 13 efficiencies, and six 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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight properties offer varied residential layouts and 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 units; Approximately 27,721 square feet of living space; Unit mix: six two‑bedroom units, 12 one‑bedroom units, 13 efficiencies, and six rooms
