Multifamily Income
For Sale
$800,000
Pending
640646 MARKET STREET, York, PA 17401
Apartment portfolio offered for sale, currently producing stated gross monthly income and before-tax monthly cash flow.
Property Size1,707 SF
Days on Market160
Property Features for 640646 MARKET STREET
General Information
Standard status
Pending
Size
1,707 SF
Property subtype
Multi-Family
Additional Details
Cap Rate
8.11%
Taxes and HOA fees
Annual Taxes
$2,453
Amenities
Central Air, Window Air Conditioning
3
Hardwood, Vinyl
Asphalt, Rubber
Parking.
Lot.
Other.
Building Details
Year Built
1915
Stories
3
Listing Agency:
Yohn Property Management, LLC
(717) 640-0060
Listed By:
Kyle Price
(717) 640-0060
Source:
Xome
Added: Mar 6
Changed: Aug 12
Last Checked: Aug 13 at 3:24AM
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.
Offered for sale as a multifamily income portfolio, this asset includes properties located at 640, 642, 644, and 646 West Market Street, along with 652–654 West Mason Avenue. The remarks state the portfolio is currently generating $10,873.00 in gross monthly income and $1,730.92 in reliable monthly before-tax cash flow.
According to the provided information, the investment thesis includes a “path to stabilization” through local Section 8 conversion and commercial unit optimization. With optimization, the stated gross monthly income increases to $14,202.00, and the pro forma metrics shift to a 12.28% cap rate and a 23.14% cash-on-cash return.
The offering materials provided note total cash needed to close of $252,000.00 and a stated 2.12x pro forma DSCR.
According to the provided information, the investment thesis includes a “path to stabilization” through local Section 8 conversion and commercial unit optimization. With optimization, the stated gross monthly income increases to $14,202.00, and the pro forma metrics shift to a 12.28% cap rate and a 23.14% cash-on-cash return.
The offering materials provided note total cash needed to close of $252,000.00 and a stated 2.12x pro forma DSCR.
Key Highlights
- Apartment portfolio at 640, 642, 644, 646 W Market and 652‑654 W Mason Ave
- Stated gross monthly income of $10,873 and before‑tax monthly cash flow of $1,730.92
- Cash‑flowing asset with an 8.11% cap rate and 8.24% cash‑on‑cash return (as stated)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment portfolio offered for sale, currently producing stated gross monthly income and before-tax monthly cash flow.
Where is this apartment building located?
The property is located at 640646 MARKET STREET 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: Apartment portfolio at 640, 642, 644, 646 W Market and 652‑654 W Mason Ave; Stated gross monthly income of $10,873 and before‑tax monthly cash flow of $1,730.92; Cash‑flowing asset with an 8.11% cap rate and 8.24% cash‑on‑cash return (as stated)
