Renovated
New
For Sale
$245,000
603 N George St, York, PA 17401
Two apartments are fully occupied, with separate electric service and tenant-paid utilities.
Property Size2,260 SF
Price / SF$108.41
Days on Market6
Property Features for 603 N George St
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$24,900
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,575
Amenities
Central air
Listing Agency:
Fisher Realty
(717) 219-8000
Listed By:
Kore J. Fisher · License #RM425452
(717) 587-2539
Source:
Exprealty
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 16 at 12:42PM
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 Fisher Realty
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Investment Insights
Based on property information with market context.
This 2-unit apartment property contains 2,260 square feet and has undergone recent renovations. Central air serves the apartments, and each has separate electric service. Tenants pay utilities; public water and sewer serve the property, with off-street parking available.
Located at 603 N George St in York, Pennsylvania, the property is fully occupied.
Located at 603 N George St in York, Pennsylvania, the property is fully occupied.
Key Highlights
- Two apartments totaling 2,260 square feet
- Recently renovated
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,425
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,500
$448.5K
Cap Rate 7%
$320,357
$320.4K
Cap Rate 9%
$249,167
$249.2K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$33.9K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$32.0K $14.17/SF
− OpEx
−$9.6K −$4.25/SF
NOI
$22.4K $9.92/SF
Area
York County, PA
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,500
Cap Rate 7%
$320,357
Cap Rate 9%
$249,167
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.3K – $373.8K
NOI $22,425 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$654.3K
$572.6K – $763.4K
NOI $45,804 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 17401, PA
18,771
Population
8,202
Households
2.3
Avg Household Size
32
Median Age
16%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
12,514
Density / Sq Mi
$41,569
Median Household Income
$30,329
Median Earnings
$940
Median Rent
$84,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are fully occupied, with separate electric service and tenant-paid utilities.
Where is this duplex located?
The property is located at 603 N George St York, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two apartments totaling 2,260 square feet; Recently renovated; Fully occupied
