Multifamily Apartment
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 Market9
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
32815
Utilities
Heating system
Forced Air, Hot Water(Heating), Electric (Heating), 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 23
Last Checked: Oct 23 at 7:06PM
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 comprises eight properties with 37 units and approximately 27,721 square feet of living space. The mix includes six two-bedroom apartments, 12 one-bedroom apartments, 13 efficiencies and six rooms. A coin-operated laundry is available on site, and the properties sit on a combined 0.3 acres.
The properties are located in York’s HARB District. The listed addresses are 45, 47, 49 and 55 S. Pershing Avenue, along with 111–113, 157, 159 and 161 W. King Street. The portfolio includes two Section 8 tenants, at 111 and 157 W. King Street. Code inspections were completed in 2026.
The properties are located in York’s HARB District. The listed addresses are 45, 47, 49 and 55 S. Pershing Avenue, along with 111–113, 157, 159 and 161 W. King Street. The portfolio includes two Section 8 tenants, at 111 and 157 W. King Street. Code inspections were completed in 2026.
Key Highlights
- Eight‑property apartment portfolio with 37 units
- Approximately 27,721 square feet of living space on 0.3 acres
- 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
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Lease Details
37
Residential units
Location Intelligence
Trade Area within ½ mile
2,679
Businesses Nearby
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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 - An on-site coin-operated laundry serves residents across the eight-property portfolio.
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 apartment portfolio with 37 units; Approximately 27,721 square feet of living space on 0.3 acres; Unit mix: six 2‑bedroom units, 12 1‑bedroom units, 13 efficiencies and 6 rooms
