158 S Pershing Ave 4 Unit Apartment Building $267,000 ($66,750/Unit) 9.50% Cap Rate York, PA 17401

158 S Pershing Ave in downtown York, PA offers a unique investment opportunity consisting of a three-unit property with additional space suitable for commercial use. Two of the residential units are currently leased, providing in-place income, while a recently remodeled third unit is ready for occupancy. Each unit features practical layouts in a property that blends historic architectural detail with functional enhancements. The building includes seven bedrooms and three bathrooms across three stories, totaling approximately 2,180 square feet on a compact lot.
Adding to its investment upside, the property includes a basement-level area formerly utilized as a barber shop, presenting attractive potential for adaptive reuse or supplemental income. Zoned for commercial purposes (buyer to verify), the property can accommodate multiple strategies such as live-work applications, continued multi-unit rental operations, or conversion to a mixed-use income-producing asset. Its prime location within York’s urban district provides easy walkability to local restaurants, coffee shops, and retail establishments, supporting strong tenant appeal for both residential and commercial uses.
With city zoning flexibility, in-place leases, and proximity to employers and amenities, this property offers immediate revenue coupled with value-add potential within a growth-oriented Pennsylvania market.