Semi-Detached Two-Unit Duplex with Separate
For Sale
$214,900
807 W PRINCESS STREET, York, PA 17403
Semi-detached duplex with a first-floor one-bedroom rented month-to-month and a vacant second-floor three-bedroom.
Property Size2,018 SF
Price / SF$106.49
Days on Market23
Property Features for 807 W PRINCESS STREET
General Information
Standard status
Active
Size
2,018 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Buildings
1
Tenancy
Single
Listing Agency:
Renaissance Realty Sales, LLC
(717) 881-2965
Listed By:
Spencer Blake · License #RS367636
(717) 881-2965
Source:
Cummingsrealtors
Added: Jul 21
Changed: Aug 11
Last Checked: Aug 12 at 6:41AM
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 Renaissance Realty Sales, LLC
Investment Insights
Based on property information with market context.
Semi-detached two-unit duplex built in 1900, offered as a turnkey property. The first-floor unit is a one-bedroom that is rented on a month-to-month basis. The second-floor unit is a three-bedroom and is currently vacant, providing flexibility for an owner occupant or a new tenant. The property totals 2,018 SF.
Separate gas and electric utilities help support individual utility responsibility between the units. Tenants reimburse the owner for water, sewer, and trash, which can help keep operating costs more controlled.
With a straightforward two-level layout and separate utility setups, this duplex is designed for simple management and clear tenant separation across the two units.
Separate gas and electric utilities help support individual utility responsibility between the units. Tenants reimburse the owner for water, sewer, and trash, which can help keep operating costs more controlled.
With a straightforward two-level layout and separate utility setups, this duplex is designed for simple management and clear tenant separation across the two units.
Key Highlights
- Semi‑detached two‑unit duplex totaling 2,018 SF
- Built in 1900
- First‑floor one‑bedroom rented month‑to‑month
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
$18,600
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
8.66%
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%
$372,000
$372.0K
Cap Rate 7%
$265,714
$265.7K
Cap Rate 9%
$206,667
$206.7K
Market Conditions
NOI Build-Up for 2,018 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
$35.6K $17.64/SF
− Vacancy
−$1.8K −$0.88/SF
EGI
$33.8K $16.76/SF
− OpEx
−$15.2K −$7.54/SF
NOI
$18.6K $9.22/SF
Area
York County, PA
Vacancy
5.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$372,000
Cap Rate 7%
$265,714
Cap Rate 9%
$206,667
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$584.3K
$511.3K – $681.7K
NOI $40,900 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 17403, PA
40,344
Population
16,490
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
89%
High-School Grad
20.6 sq mi
ZIP Area
1,958
Density / Sq Mi
$72,233
Median Household Income
$38,105
Median Earnings
$1,072
Median Rent
$206,900
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?
Duplex - Semi-detached duplex with a first-floor one-bedroom rented month-to-month and a vacant second-floor three-bedroom.
Where is this duplex located?
The property is located at 807 W PRINCESS STREET York, PA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Semi‑detached two‑unit duplex totaling 2,018 SF; Built in 1900; First‑floor one‑bedroom rented month‑to‑month
