Rooming House & Apartment

656 W Market St, York, PA 17401

  • For Sale $215,000
  • Property Type Multi-Family
  • Property Size 3,396 SF
  • Units 8
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1900
  • Date Updated Nov 14, 2024
xAvailable for sale is this cash-flowing rental property that features 7 rooms on the first level and 1 apartment on the second level. The private room rentals have shared access to 2 bathrooms and a kitchenette area on the first level. Each room is rented at $450 per month or $575 for double occupancy. On the second and third floor is a spacious 1,200 SF one-bedroom apartment with a long-term tenant. The apartment on the second floor has new electric service with the tenant paying their own electricity and heat. The current owner pays the water and sewer, along with the electric for the rest of the building. The current tenant has been in place for 3 years and pays $750 per month. The recently installed new furnace on the first floor provides extremely efficient costs for heat on that level. The property comes with 657 W Mason St as part of the sale, which is the parking lot to the rear. Currently, a nearby church uses the lot for free, but it could be monetized by the new owner. The property has a great 9%+ CAP rate, with room to grow to 12%+ with an increase in rents/occupancy!

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Property features 7 rooms on first level
  • Two bathrooms and kitchenette on first level
  • 1 bedroom apartment on second level
  • Includes 657 W Mason Ave parking lot
  • Great 9%+ CAP rate passive investment

Contacts

broker

Naomi Brown, CCIM

Capstone Commercial

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City York, PA
  • Zip Code 17401
  • Market Harrisburg

Points of Interest

  • Giant Gas

    1.40 miles

  • Sunoco

    1.41 miles

  • Carroll Motor Fuels

    1.48 miles

  • Royal Farms

    1.61 miles

  • BJ's Gas

    1.77 miles

  • Weis Gas N' Go

    1.83 miles

  • Sheetz

    1.87 miles

  • Rutter's

    1.92 miles

  • Rutters

    1.94 miles

  • Tesla Supercharger

    3.99 miles

  • Lot 17

    0.66 miles

  • Midway

    0.67 miles

  • Lot 8

    0.74 miles

  • Central Park

    0.83 miles

  • Central Market Parking

    0.85 miles

  • Philadelphia Street Garage

    0.94 miles

  • King Street Garage

    0.94 miles

  • Somerville Parking Lot

    1.05 miles

  • Market Street Garage

    1.05 miles

  • Brooks Robinson Plaza Lot

    1.06 miles

  • King's Inn Hotel

    0.77 miles

  • Red Roof Inn

    0.95 miles

  • ONE South Boutique Hotel & Venue

    0.98 miles

  • The Yorktowne Hotel

    1.07 miles

  • La Quinta

    1.68 miles

  • Best Western

    1.74 miles

  • Super 8 by Wyndham York

    1.90 miles

  • Wyndham Garden York

    1.96 miles

  • Wingate by Wyndham York

    2.01 miles

  • Days Inn

    2.07 miles

  • Skillet 2 Plate

    0.49 miles

  • Pecan Tree Cafe

    0.59 miles

  • Home Of The Real Philly

    0.69 miles

  • Water Way Grill

    0.69 miles

  • Chinatown Express

    0.78 miles

  • Chopsticks

    0.85 miles

  • White Rose Bar and Grill

    0.85 miles

  • Esaan Thai Restaurant

    0.86 miles

  • Mesa Moreira

    0.87 miles

  • Roburrito

    0.88 miles

  • Lincoln Charter School

    0.16 miles

  • Grace E Loucks Elementary School

    0.31 miles

  • Wilson School

    0.56 miles

  • Logos Academy

    0.63 miles

  • Nurse Nursery School

    0.69 miles

  • Ferguson K-8

    0.81 miles

  • William Penn Senior High School

    0.83 miles

  • Shelly School

    0.86 miles

  • McKinley Elementary School

    0.87 miles

  • York College of Pennsylvania

    0.92 miles

  • Christ Lutheran Church Community Center

    1.02 miles

  • Weigelstownchild care unit 1

    4.14 miles

  • Weigelstown child care unit 2

    4.17 miles

  • Small Steps Day Care

    4.79 miles

  • Ruby's Romp Room

    5.33 miles

Frequently Asked Questions

How much does Rooming House & Apartment cost?

The space currently listed for sale at Rooming House & Apartment asks for $215,000.

What is the total square footage of Rooming House & Apartment?

Rooming House & Apartment totals 3,396 square feet.

When was this property built?

Rooming House & Apartment was built in 1900.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Naomi Brown, CCIM

Capstone Commercial