500 North Highland Avenue York, PA 17404
Turnkey investment property with two updated apartments and garage.
Property Features for 500 North Highland Avenue
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing office Coldwell Banker Realty (717) 578-5036
Listing date May 15, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey investment property with two updated apartments and strong rental income potential.
- Located in the desirable West York School District, close to Route 30, schools, shopping, and dining.
- Detached two‑car garage offers additional rental income or owner convenience.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.4k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.9k | $14.17 |
| − OpEx | −$7.8k | −$4.25 |
| NOI | $18.1k | $9.92 |