Multifamily Property
For Sale
$800,000
640 640-646 W Market St, York, PA 17401
Income-producing multifamily portfolio built in 1915 with documented operating and coverage metrics.
Property Size1,707 SF
Price / SF$468.66
Days on Market48
Property Features for 640 640-646 W Market St
General Information
Standard status
Active
Size
1,707 SF
Financials
Asking Price
$900,000
Cap Rate
8.11%
Gross Income
$130,476
Building Details
Year Built
1915
Listing Agency:
Yohn Property Management, LLC
(717) 640-0060
Listed By:
Kyle Andrew Price
Source:
Lancorealestate
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 Yohn Property Management, LLC
Investment Insights
Based on property information with market context.
This multifamily property portfolio includes buildings dating to 1915 and is presented as an income-producing asset. The source information identifies an existing operating profile along with a 1707 property-size figure, although no unit count or unit mix is provided.
The property is reported with an 8.11% Cap Rate, an 8.24% Cash-on-Cash return, and a 2.12x Pro Forma DSCR. The stated operating plan includes local Section 8 conversion and optimization of commercial units, with projected results of a 12.28% Pro Forma Cap Rate and a 23.14% Cash-on-Cash return. These figures provide a framework for evaluating current performance and the proposed stabilization strategy.
The property is reported with an 8.11% Cap Rate, an 8.24% Cash-on-Cash return, and a 2.12x Pro Forma DSCR. The stated operating plan includes local Section 8 conversion and optimization of commercial units, with projected results of a 12.28% Pro Forma Cap Rate and a 23.14% Cash-on-Cash return. These figures provide a framework for evaluating current performance and the proposed stabilization strategy.
Key Highlights
- Multifamily property portfolio with buildings dating to 1915
- Reported 8.11% Cap Rate
- Reported 8.24% Cash‑on‑Cash return
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,119
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily portfolio built in 1915 with documented operating and coverage metrics.
Where is this multifamily property located?
The property is located at 640 640-646 W Market St York, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Multifamily property portfolio with buildings dating to 1915; Reported 8.11% Cap Rate; Reported 8.24% Cash‑on‑Cash return
