Four-Unit
New
For Sale
$499,900
62-68 TONDEN Drive, York, PA 17402
Multi-Family, YORK, PA
Property Size3,952 SF
Lot Size0.33 Acres
Price / SF$126.49
Days on Market3
Property Features for 62-68 TONDEN Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Driveway, Off Street
Elementary school district
DALLASTOWN AREA
Middle school district
DALLASTOWN AREA
High school district
DALLASTOWN AREA
Standard status
Active
Size
3,952 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
5616
Utilities
Heating system
Baseboard, Electric (Heating), Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1976
Number of units
4
Building materials
Stick Built
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 757-7811
Listed By:
Mark A Carr · License #RS202848L
(717) 891-1262
Added: Aug 29
Last Checked: Aug 31 at 11:06AM
MLS# PAYK2110686
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.
Investment Insights
Based on property information with market context.
This 3,952-square-foot quadplex contains four residential units, each with two bedrooms and one full bath. All four units are occupied, and tenants pay their own electricity. Built in 1976 with stick-built construction, the property features baseboard, electric, and radiant heating along with window-unit cooling. Parking is available through a driveway and off-street spaces.
The 0.3329-acre property is located in York, Pennsylvania, within York County and the Dallastown Area School District. Its four-unit configuration, consistent floor plans, tenant-paid electricity, and established occupancy define the property’s current operating profile.
The 0.3329-acre property is located in York, Pennsylvania, within York County and the Dallastown Area School District. Its four-unit configuration, consistent floor plans, tenant-paid electricity, and established occupancy define the property’s current operating profile.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 full bath
- All 4 units are currently occupied
- Tenants pay their own electricity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$784,280
$784.3K
Cap Rate 7%
$560,200
$560.2K
Cap Rate 9%
$435,711
$435.7K
Market Conditions
NOI Build-Up for 3,952 SF
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.
Gross rent
$59.3K $15.00/SF
− Vacancy
−$3.3K −$0.83/SF
EGI
$56.0K $14.17/SF
− OpEx
−$16.8K −$4.25/SF
NOI
$39.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$784,280
Cap Rate 7%
$560,200
Cap Rate 9%
$435,711
Alternative Uses
Best Use
Multifamily LT 5
$560.2K
$490.2K – $653.6K
NOI $39,214 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$520.4K
$455.3K – $607.1K
NOI $36,425 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,097 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 17402, PA
36,978
Population
14,751
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
1,977
Density / Sq Mi
$77,134
Median Household Income
$46,039
Median Earnings
$1,307
Median Rent
$247,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, one full bath, and separately paid electricity.
Where is this quadplex located?
The property is located at 62-68 TONDEN Drive York, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 full bath; All 4 units are currently occupied; Tenants pay their own electricity
