640-646 W Market St, York, PA 17401
Local realty services provided by:CENTURY 21 Gold
640-646 W Market St,York, PA 17401
$900,000
- 18 Beds
- - Baths
- 3,652 sq. ft.
- Multi-family
- Pending
Listed by: kyle andrew price
Office: yohn property management, llc.
MLS#:PAYK2100220
Source:BRIGHTMLS
Price summary
- Price:$900,000
- Price per sq. ft.:$246.44
About this home
Investment opportunity located at 640, 642, 644, 646 West Market and 652-654 West Mason Avenue. Offered at $900,000, this cash-flowing asset delivers an immediate 8.11% Cap Rate and an 8.24% Cash-on-Cash return from day one. Currently generating a gross monthly income of $10,873.00, the property produces a reliable monthly before-tax cash flow of $1,730.92. With a clear, highly lucrative path to stabilization via local Section 8 conversion and commercial unit optimization, investors can capitalize on a massive value-add NOI uplift of $37,551.12. This optimization pushes the gross monthly income to $14,202.00, driving the Pro Forma Cap Rate to an incredible 12.28% and elevating the Cash-on-Cash return to a staggering 23.14%. Requiring $252,000.00 in total cash needed to close, this portfolio boasts a highly secure 2.12x Pro Forma DSCR, providing excellent current yield with verifiable, explosive upside.
"Stabilized 8% cap asset with a clear, conservative path to 10–11% returns through voucher-based rent
optimization."...
Contact an agent
Home facts
- Year built:1915
- Listing ID #:PAYK2100220
- Added:60 day(s) ago
- Updated:May 26, 2026 at 07:33 AM
Rooms and interior
- Bedrooms:18
- Living area:3,652 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Central, Hot Water, Natural Gas
Structure and exterior
- Year built:1915
- Building area:3,652 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Brick
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$900,000
- Price per sq. ft.:$246.44
- Tax amount:$3,954 (2025)
Parking
- Parking description:Parking Lot
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