640-646 W Market Street • York, PA 17401

$900,000 Beds: 0 • Baths:Sq. Feet: 0 • MLS ID: PAYK2099466 • Subdivision:School Dist: YORK CITY
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." View this listing at: http://donhelsel.com/mls=PAYK2099466

Property Features

  • Taxes: $2,453
  • Roof Type: Asphalt,Rubber
  • Exterior: Brick
  • Heating: Hot Water,Central
  • Fuel Type: Natural Gas
  • Cooling: Window Unit(s),Central A/C
  • Year Built: 1915
  • Water: Public
  • Sewer: Public Sewer
  • Units: 13
  • Municipality: YORK CITY
  • Accessibility: 2+ Access Exits
  • Total Garage/Parking Spaces: 16
  • Flooring: Luxury Vinyl Plank,Vinyl,Hardwood

School Information

  • High School: WILLIAM PENN
  • Middle School: HANNAH PENN
  • Elementary School: FERGUSON
  • School District: YORK CITY
Printed March 26, 2026


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