$850,000

640-646 W MARKET ST, York, PA 17401

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

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."

Listing Status:
Active
Data Last Updated:
July 5, 2026 at 7:16AM
Listing Office:
Yohn Property Management, LLC : 7175771350
Listing Agent:
Kyle Andrew Price : 7176400060
MLS ID:
PAYK2099466
  • Flooring: Luxury vinyl plankVinylHardwood
  • A/C: Window Unit(s)Central A/C
  • Heating: Hot WaterCentralNatural Gas
  • Disability Feature: 2+ Access Exits
  • Roofing: AsphaltRubber
  • General: BrickStone
  • Originating MLS: BRIGHT_MAIN
  • School District: YORK CITY
  • County: YORK-PA
  • Zoning: UN109-194-02-0014-00-00000
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Kyle Andrew Price , Yohn Property Management, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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