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22 N State St, York, PA 17403 22 N State St 6 Unit Apartment Building $799,000 ($133,167/Unit) 9.80% Cap Rate York, PA 17403
Executive Summary
Outstanding income-producing mixed-use 6-unit investment package in York City offering scale, parking, strong income, and upside! This four-parcel sale includes 22 N State Street, 26 N State Street, 527 E Market Rear Street, and 529 E Market Rear Street, featuring multiple residential and a commercial rental space, 14 off-street parking spaces, and a 9.5%+ cap rate. The units are very spacious with impressively high ceilings, giving the property a grand feel and making the rental spaces especially attractive to tenants. All units are currently rented except for one residential unit, allowing the next owner to step into immediate cash flow with additional upside once fully occupied. With over 13,000 sq. ft. of building area, more than 15,000 sq. ft. of combined lot area, public utilities, multiple income streams, and a convenient York City location, this is a rare opportunity to acquire a substantial investment property with strong existing performance and room to increase returns. A standout portfolio addition for investors looking for income, size, parking, and long-term upside in one package.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,000
|
$9.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,000
|
$9.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$44,538
|
$3.39
|
| Net Operating Income |
$80,462
|
$6.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $9.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $9.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $44,538 |
| Annual Per SF | $3.39 |
| Net Operating Income | |
|---|---|
| Annual | $80,462 |
| Annual Per SF | $6.12 |
Property Facts
| Price | $799,000 | Building Class | C |
| Price Per Unit | $133,167 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 13,140 SF |
| Cap Rate | 9.80% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RS - EC Employment Center District | ||
| Price | $799,000 |
| Price Per Unit | $133,167 |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 13,140 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS - EC Employment Center District |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-379-08-0009.00-00000 | Improvements Assessment | $27,160 (2026) |
| Land Assessment | $10,340 (2026) | Total Assessment | $37,500 (2026) |
Property Taxes
Parcel Number
12-379-08-0009.00-00000
Land Assessment
$10,340 (2026)
Improvements Assessment
$27,160 (2026)
Total Assessment
$37,500 (2026)
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22 N State St, York, PA 17403 | 22 N State St