Rooming House & Apartment

For Sale

656 W Market St, York, PA 17401

This York property for sale is located at 656 W Market St. The current listed sale price for Rooming House & Apartment is $215,000. Rooming House & Apartment is situated on a lot that is 0.13 acre in size.

Contacts

broker

Naomi Brown, CCIM

Capstone Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 3,396 SF
  • Units 8
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1900
  • Date Updated Nov 14, 2024
xAvailable for sale is this cash-flowing rental property that features 7 rooms on the first level and 1 apartment on the second level. The private room rentals have shared access to 2 bathrooms and a kitchenette area on the first level. Each room is rented at $450 per month or $575 for double occupancy. On the second and third floor is a spacious 1,200 SF one-bedroom apartment with a long-term tenant. The apartment on the second floor has new electric service with the tenant paying their own electricity and heat. The current owner pays the water and sewer, along with the electric for the rest of the building. The current tenant has been in place for 3 years and pays $750 per month. The recently installed new furnace on the first floor provides extremely efficient costs for heat on that level. The property comes with 657 W Mason St as part of the sale, which is the parking lot to the rear. Currently, a nearby church uses the lot for free, but it could be monetized by the new owner. The property has a great 9%+ CAP rate, with room to grow to 12%+ with an increase in rents/occupancy!

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Highlights

  • Property features 7 rooms on first level
  • Two bathrooms and kitchenette on first level
  • 1 bedroom apartment on second level
  • Includes 657 W Mason Ave parking lot
  • Great 9%+ CAP rate passive investment

Attachments

Getting around

  • 77/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City York, PA
  • Zip Code 17401
  • Market Harrisburg

Points of Interest

  • Giant Gas

    1.40 miles

  • Sunoco

    1.41 miles

  • Carroll Motor Fuels

    1.48 miles

  • Royal Farms

    1.61 miles

  • BJ's Gas

    1.77 miles

  • Weis Gas N' Go

    1.83 miles

  • Sheetz

    1.87 miles

  • Rutter's

    1.92 miles

  • Rutters

    1.94 miles

  • Tesla Supercharger

    3.99 miles

  • Lot 17

    0.66 miles

  • Midway

    0.67 miles

  • Lot 8

    0.74 miles

  • Central Park

    0.83 miles

  • Central Market Parking

    0.85 miles

  • Philadelphia Street Garage

    0.94 miles

  • King Street Garage

    0.94 miles

  • Somerville Parking Lot

    1.05 miles

  • Market Street Garage

    1.05 miles

  • Brooks Robinson Plaza Lot

    1.06 miles

  • King's Inn Hotel

    0.77 miles

  • Red Roof Inn

    0.95 miles

  • ONE South Boutique Hotel & Venue

    0.98 miles

  • The Yorktowne Hotel

    1.07 miles

  • La Quinta

    1.68 miles

  • Best Western

    1.74 miles

  • Super 8 by Wyndham York

    1.90 miles

  • Wyndham Garden York

    1.96 miles

  • Wingate by Wyndham York

    2.01 miles

  • Days Inn

    2.07 miles

  • Lidl

    1.04 miles

  • C-Town Supermarket

    1.18 miles

  • TJ Maxx

    1.31 miles

  • Delco Plaza

    1.34 miles

  • Giant

    1.38 miles

  • Weis

    1.41 miles

  • Ross

    1.45 miles

  • Big Lots

    1.51 miles

  • Burlington

    1.69 miles

  • Walmart Supercenter

    1.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Naomi Brown, CCIM

Capstone Commercial