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Pullman Apartments 238-242 N George St 21 Unit Apartment Building $3,200,000 ($152,381/Unit) York, PA 17401
Investment Highlights
- Fully leased property delivering immediate yield with consistent in-place income
- Historic Pullman Building thoughtfully renovated, offering modern finishes within a character-rich structure
- Walkable access to York's retail, dining, and employment base within a revitalizing urban corridor
- Combination of traditional multifamily, short-term rental, and commercial tenancy reduces income volatility
- Existing Airbnb component with demonstrated demand and operational flexibility
Executive Summary
Pullman Apartments presents the opportunity to acquire a stabilized, mixed-use multifamily asset located in the heart of Downtown York, Pennsylvania. The Property consists of a 22-unit adaptive reuse building originally constructed in 1910 and renovated in 2012, offering a blend of traditional multifamily, short-term rental, and commercial income streams.
The asset is currently 100% occupied and projected to generate approximately $154,000 in Net Operating Income (2025), providing investors with immediate, durable cash flow supported by diversified tenancy and strong underlying market fundamentals.
Additional multi-family investment opportunities available in York (as detailed on the following map). Contact agents for more information.
The asset is currently 100% occupied and projected to generate approximately $154,000 in Net Operating Income (2025), providing investors with immediate, durable cash flow supported by diversified tenancy and strong underlying market fundamentals.
Additional multi-family investment opportunities available in York (as detailed on the following map). Contact agents for more information.
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $152,381 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 18,000 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2012 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District | ||
| Price | $3,200,000 |
| Price Per Unit | $152,381 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2012 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Refrigerator
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Elevator
- Maintenance on site
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-042-01-0014.00-00000 | Improvements Assessment | $419,550 |
| Land Assessment | $29,800 | Total Assessment | $449,350 |
Property Taxes
Parcel Number
03-042-01-0014.00-00000
Land Assessment
$29,800
Improvements Assessment
$419,550
Total Assessment
$449,350
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Pullman Apartments | 238-242 N George St
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