6-Unit Apartment
New
For Sale
$650,000
4880 E PROSPECT Road, York, PA 17406
Multi-Family, YORK, PA
Property Size6,068 SF
Lot Size0.50 Acres
Price / SF$107.12
Days on Market1
Property Features for 4880 E PROSPECT Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot
Appliances
Refrigerator, Stove
Elementary school district
EASTERN YORK
Middle school district
EASTERN YORK
High school district
EASTERN YORK
Standard status
Active
Size
6,068 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
5857
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1958
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Lisa W Blevins · License #RS323993
(610) 637-9567
Added: Oct 17
Last Checked: Oct 17 at 4:06PM
MLS# PAYK2113830
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 6,068-square-foot apartment building contains six units and was constructed in 1958. Brick construction and a basement are among its physical features. Heating is electric baseboard, and the listed appliances include refrigerators and stoves.
The property occupies 0.5 acres and includes a parking lot. All six apartments are currently rented.
The property occupies 0.5 acres and includes a parking lot. All six apartments are currently rented.
Key Highlights
- Six apartments, all currently rented
- 6,068‑square‑foot building on 0.5 acres
- Brick construction; built in 1958
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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Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The six apartments are occupied, with a parking lot serving the property.
Where is this apartment building located?
The property is located at 4880 E PROSPECT Road 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 apartments, all currently rented; 6,068‑square‑foot building on 0.5 acres; Brick construction; built in 1958
