640-646 W MARKET ST, York, PA 17401
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640-646 W MARKET ST, York, PA 17401
640-646 W MARKET ST, York, PA 17401
640-646 W MARKET ST, York, PA 17401
640-646 W MARKET ST, York, PA 17401
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ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

+1(717) 765-7665
Listed by Kyle Price • Yohn Property Management, LLC
$ 850,000
Est. payment /mo
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Price Dropped by $50K

640-646 W MARKET ST York, PA 17401

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAYK2099466

Year Built 1915

Annual Tax Amount $2,453

Tax Year 2025

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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."

Location

State PA

County York

Area York City (15201)

Zoning UN1

Interior

Hot Water Electric, Natural Gas

Heating Hot Water, Central

Cooling Window Unit(s), Central A/C

Flooring Luxury Vinyl Plank, Vinyl, Hardwood

Heat Source Natural Gas

Exterior

Garage Spaces 16.0

Water Access N

Roof Type Asphalt,Rubber

Accessibility 2+ Access Exits

Total Parking Spaces 16

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Ferguson

Middle Schools Hannah Penn

High Schools William Penn

School District York City

Others

Tax ID 09-194-02-0014-00-00000

Ownership Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

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+1(717) 765-7665

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640-646 W MARKET ST