Apartment Building with Six
New
For Sale
$650,000
4880 E Prospect Rd, York, PA 17406
A rural residential property with all apartments leased, approximately 20 minutes from York.
Property Size6,068 SF
Price / SF$107.12
Days on Market6
Property Features for 4880 E Prospect Rd
General Information
Standard status
Active
Size
6,068 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$70,500
Multifamily Units
6
Building Details
Year Built
1958
Buildings
1
Listing Agency:
Springer Realty Group
Listed By:
Lisa W Blevins · License #RS323993
(484) 498-4000
Source:
Baltimoreharfordhomesforsale
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:20PM
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 Springer Realty Group
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Investment Insights
Based on property information with market context.
This 6,068-square-foot apartment property contains six units and was built in 1958. Each apartment is currently occupied, and the units have been updated.
The property is set in a country setting about 20 minutes from York.
The property is set in a country setting about 20 minutes from York.
Key Highlights
- Six apartment units
- 6,068 square feet
- All six apartments are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,928
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,560
$1.1M
Cap Rate 7%
$798,971
$799.0K
Cap Rate 9%
$621,422
$621.4K
Market Conditions
NOI Build-Up for 6,068 SF
Gross rent
$107.0K $17.64/SF
− Vacancy
−$5.4K −$0.88/SF
EGI
$101.7K $16.76/SF
− OpEx
−$45.8K −$7.54/SF
NOI
$55.9K $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%
$1,118,560
Cap Rate 7%
$798,971
Cap Rate 9%
$621,422
Alternative Uses
Best Use
Apartment 5plus
$799.0K
$699.1K – $932.1K
NOI $55,928 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,983 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 17406, PA
23,700
Population
9,357
Households
2.5
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
48.9 sq mi
ZIP Area
485
Density / Sq Mi
$85,183
Median Household Income
$46,427
Median Earnings
$1,362
Median Rent
$218,000
Median Home Value
Check the figures for this property
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 - A rural residential property with all apartments leased, approximately 20 minutes from York.
Where is this apartment building located?
The property is located at 4880 E Prospect Rd York, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six apartment units; 6,068 square feet; All six apartments are rented
