Three-Parcel Income Property with
522-526 East Boundary Avenue York, PA 17403
522-526 East Boundary Avenue, York, PA, 17403
$359,000
Pending
For Sale
$359,000
Pending
Two-unit residence with separate utilities and private basements, plus warehouse/garage and a vacant parking lot parcel included.
Property Size1,294 SF
Days on Market33
Property Features for 522-526 East Boundary Avenue
General Information
- Standard status
- Pending
- Size
- 1,294 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
The Exchange Real Estate Company LLC
(717) 858-0195
Listed by
Cheryl Yerger · License #AB067417
(717) 858-0195
Source
Compass
Added: Jun 20 Updated: Jul 21 at 10:29PM Checked: Jul 21 at 10:29PM
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 The Exchange Real Estate Company LLC
Investment Insights
Based on property information with market context.
This three-parcel income property combines a 2-unit residential building, a warehouse/garage structure, and a vacant lot currently used for parking. The residential portion features separate utilities and private basements for each unit. One side is occupied by a long-term tenant, providing immediate rental income, while the other unit is vacant and ready for a new tenant or owner-occupant. Tenants pay for gas, electric, and water.
The warehouse/garage building is intended to support a range of uses. The upper level offers room to create office space, a bathroom, and additional usable square footage to improve the building’s functionality. The third parcel provides an additional area that can be used for vehicle parking, storage, or future development.
The property is located at 522-526 East Boundary Avenue in York, PA 17403, within the York City School District.
The warehouse/garage building is intended to support a range of uses. The upper level offers room to create office space, a bathroom, and additional usable square footage to improve the building’s functionality. The third parcel provides an additional area that can be used for vehicle parking, storage, or future development.
The property is located at 522-526 East Boundary Avenue in York, PA 17403, within the York City School District.
Key Highlights
- Three‑parcel package includes a 2‑unit residential property, a warehouse/garage building, and a vacant lot currently used for parking.
- 2‑unit home built in 1925 offers separate utilities and private basements for each unit.
- One unit is occupied by a long‑term tenant for immediate rental income; the other 3‑bedroom, 1‑bath unit is vacant.
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 | $19.4k | $15.00 |
| − Vacancy | −$1.1k | −$0.83 |
| EGI | $18.3k | $14.17 |
| − OpEx | −$5.5k | −$4.25 |
| NOI | $12.8k | $9.92 |
1,294 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.4K
$160.5K – $214.0K
NOI $12,840 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$170.4K
$149.1K – $198.8K
NOI $11,927 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$374.7K
$327.8K – $437.1K
NOI $26,226 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit residence with separate utilities and private basements, plus warehouse/garage and a vacant parking lot parcel included.
Where is this duplex located?
The property is located at 522-526 East Boundary Avenue York, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Three‑parcel package includes a 2‑unit residential property, a warehouse/garage building, and a vacant lot currently used for parking.; 2‑unit home built in 1925 offers separate utilities and private basements for each unit.; One unit is occupied by a long‑term tenant for immediate rental income; the other 3‑bedroom, 1‑bath unit is vacant.
