640-646 W Market St, York, PA 17401

York
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
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...

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Home facts

  • Year built:1915
  • Listing ID #:PAYK2100220
  • Added:49 day(s) ago
  • Updated:May 15, 2026 at 07:39 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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