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22 N State Street

York, PA 17403

– beds
– baths
10,040 sqft
1,590 sqft lot
$82 per sqft
1910 build

Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don’t miss this high-performing asset—contact us today for detailed financials and a private tour!

Listing courtesy of BRIGHT / Inch & Co. Real Estate, LLC

Last checked: Checking… • Last updated Dec 13, 2024 •

MLS# PAYK2072868 —

The Building

Year Built:

1910
Year Built Source:

Assessor
Roof:

Rubber
New Construction:

No
Construction Materials:

Brick
Building Levels:

3
Building Units Total:

4
Structure Type:

Detached
Architectural Style:

Other
Security Features:

Fire Detection System, Security System
Accessibility Features:

2+ Access Exits
Foundation Details:

Stone, Other
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

10040
Living Area SqFt:

10,040 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Settlement

Location

Directions:

E Princess St, Turn right onto Fulton St, Turn right onto E King St, Turn left onto Fulton St, Turn right onto E Market St, Turn left onto N State St
Latitude:

39.96689000
Longitude:

-76.71613000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Assessor
Lot SqFt:

1,590 Sqft
Zoning:

COMMERCIAL
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

372
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

12-379-08-0009-00-00000
Tax Year:

2024
Tax Lot:

0009
Tax Annual Amount:

$2,369
Tax Assessed Value:

$37,500
Year Assessed:

2024
School Tax:

1399.0
County Tax:

258.00
City/Town Tax:

711.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C, Window Unit(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air, Baseboard - Electric
Heating Fuel:

Electric, Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Other
Water Source:

Public

Schools

School District Name:

York City
School District Source:

3rd Party

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

14
Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Paved Parking, Private
Parking Lot - # of Spaces:

14

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2
Three Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/3/24 Dec 3, 2024	Listed / Active	BRIGHT	$825,000

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This multifamily located in Northeast York, York, PA 17403 is currently for sale for $825,000. 22 N State Street is a 10,040 square foot multifamily with – beds and – baths. 22 N State Street is in the Northeast York neighborhood of York and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Goode School, Hannah Penn School, and William Penn Senior High School.

Listing Courtesy of: BRIGHT and Inch & Co. Real Estate, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.