Updated Duplex in West
500 North Highland Avenue York, PA 17404
500 North Highland Avenue, York, PA, 17404
$260,000
Pending
For Sale
$260,000
Pending
Turnkey investment property with two updated apartments and garage.
Property Size1,824 SF
Days on Market68
Property Features for 500 North Highland Avenue
General Information
- Standard status
- Pending
- Size
- 1,824 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency
Coldwell Banker Realty
(717) 578-5036
Listed by
Tamera Nichole Phillips · License #RS347206
(717) 578-5036
Source
Compass
Added: May 15 Updated: Jul 10 at 1:40 pm Checked: Jul 20 at 4:08 am
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This semi-detached property, located in the West York School District, features two updated apartments. The property is near Route 30, schools, shopping, dining, and other amenities. The first-floor apartment includes 1 bedroom and 1 full bathroom. The second-floor unit features 2 bedrooms and 1 full bathroom. Updates throughout the property include new carpet, new flooring, fresh paint, and updated bathroom features. Laundry hookups are available for tenant convenience. A detached two-car garage provides additional rental income potential or owner convenience. The property size is 1824 square feet and is located in West York Boro.
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 |
1,824 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.2K – $301.7K
NOI $18,099 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$240.2K
$210.2K – $280.2K
NOI $16,812 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey investment property with two updated apartments and garage.
Where is this duplex located?
The property is located at 500 North Highland Avenue York, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 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.
