37-Unit Apartment
New
For Sale
$3,200,000
45 S PERSHING Avenue, York, PA 17401
Multi-Family, YORK, PA
Property Size27,721 SF
Lot Size0.30 Acres
Price / SF$115.44
Days on Market3
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
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
32815
Utilities
Heating system
Hot Water(Heating), Electric (Heating), Forced Air, Baseboard
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
Changed: Oct 16
Last Checked: Oct 17 at 2:06PM
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 consists of eight properties totaling 37 doors and approximately 27,721 square feet of living area on 0.3 acres. The mix includes six 2-bedroom units, 12 1-bedroom units, 13 efficiencies, and six rooms. An on-site coin-operated laundry serves the properties. Building features include brick construction, traditional floor plans, and eat-in kitchens; heating systems include hot water, electric, forced air, and baseboard.
The portfolio includes 45, 47, 49, and 55 S. Pershing Avenue, along with 111–113, 157, 159, and 161 W. King Street. The properties are within York’s HARB District. Codes inspections were completed in 2026, and two Section 8 tenants are identified at 111-A1 and 157-A1 W. King Street.
The portfolio includes 45, 47, 49, and 55 S. Pershing Avenue, along with 111–113, 157, 159, and 161 W. King Street. The properties are within York’s HARB District. Codes inspections were completed in 2026, and two Section 8 tenants are identified at 111-A1 and 157-A1 W. King Street.
Key Highlights
- Eight‑property portfolio with 37 doors
- Approximately 27,721 square feet of living area on 0.3 acres
- Unit mix: six 2‑bedroom units, 12 1‑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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight properties combine residential units with an on-site coin-operated laundry in York’s HARB District.
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‑property portfolio with 37 doors; Approximately 27,721 square feet of living area on 0.3 acres; Unit mix: six 2‑bedroom units, 12 1‑bedroom units, 13 efficiencies, and six rooms
