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 Market7
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
Additional Details
Tenant in Place
Yes
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
Changed: Oct 23
Last Checked: Oct 23 at 10:06PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,068-square-foot apartment building contains six units on a 0.5-acre parcel. Built in 1958, the property has brick construction, electric baseboard heat, and a basement. Refrigerators and stoves are among the listed appliances, and a parking lot provides on-site parking.
All six apartments are rented. The property is approximately 20 minutes from York, Pennsylvania.
All six apartments are rented. The property is approximately 20 minutes from York, Pennsylvania.
Key Highlights
- Six apartments, all rented
- 6,068 square feet on a 0.5‑acre parcel
- Brick building constructed 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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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments are currently 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 rented; 6,068 square feet on a 0.5‑acre parcel; Brick building constructed in 1958
