656 West Market Street

York, PA 17401

$215,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to your next investment property with over $30,000 in net operating income! This rooming house has 7 rooms & 1 apartment that produces $49,500 annually in gross rental income. All leases are month to month. Rooms 1-5 rent for $450/month each, rooms 6 & 7 rent for $575/month each, and the floor 2 apartment rents for $725/month. Owner pays for all utilities except electric for the apartment upstairs. There are 2 common bathrooms, a shower and mini kitchen on the first floor. The property also...Welcome to your next investment property with over $30,000 in net operating income! This rooming house has 7 rooms & 1 apartment that produces $49,500 annually in gross rental income. All leases are month to month. Rooms 1-5 rent for $450/month each, rooms 6 & 7 rent for $575/month each, and the floor 2 apartment rents for $725/month. Owner pays for all utilities except electric for the apartment upstairs. There are 2 common bathrooms, a shower and mini kitchen on the first floor. The property also comes with 657 W Mason Ave. Please review the pro forma and utility sheet to see monthly utility expenses paid by the owner.
  1. Listed by Spencer Blake • Renaissance Realty Sales, LLC
    P: 7178812965 spencerblake3@gmail.com
  2. Listed by Tyarra Browning Toomey • Renaissance Realty Sales, LLC
    P: 7178704834 tyarratoomeyhomes@gmail.com

Property Details for 656 West Market Street

Tax ID Number
09-194-02-0020-00-00000
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Municipality
YORK CITY
Total Parking Spaces
10

Location

Listing Courtesy of Renaissance Realty Sales, LLC
Add your commute
LISTING UPDATED: 01/29/2024 06:53 PM

Property Details for 656 West Market Street

StatusActive
MLS #PAYK2053894
Days on Market116
Taxes$4,369 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.07 AC / 2,971 SF
CountyYork County

Location

Listing Courtesy of Renaissance Realty Sales, LLC
Add your commute

Building Information for 656 West Market Street

Stories-Residences2Year Built1900Building Size-Lot Size0.07 AC / 2,971 SF

Payment Calculator

$1,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,173

Property Taxes

$364

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 656 West Market Street

Location
Location
  • School District Name: YORK CITY
  • School District County ID: 300200397213
  • SchoolDistrictSource: Listing Agent
  • County: YORK
  • MLS Area: York City (15201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $69,770
  • Year Assessed: 2023
  • County Tax: $481
  • Improvement Assessed Value: $0
  • City Town Tax: $1,323
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 205
  • Zoning: RESIDENTIAL
  • Zoning Dscrp: Rooming House & Apartment on second floor
  • Tax Lot: 0020
  • School Tax: $2,564
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 7
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 8
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 8
Financial Information
Expenses
  • Water Avg Month: $42
  • Water Prev 12 Months: $504
  • Heating Oil Avg Month: $0
  • Heating Oil Prev 12 Months: $0
  • Electric Avg Month: $125
  • Electric Prev 12 Months: $1,500
  • Gas Avg Month: $112
  • Gas Prev 12 Months: $1,342
Financial Information
  • Net Operating Income: $30,862
  • Annual Rental Income: $49,500
  • Income Includes: Apartment Rentals
  • Cap Rate: 14.35
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 10774097
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot - # of Spaces: 10
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air
  • Heating Fuel: None
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: National Association of REALTORS

Property History for 656 West Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 656 West Market Street

Taxable ValueLand$19,310Additions$50,460Total$69,770
Tax Record2023$4,332 ($361 / month)
Home Facts
Total Finished SqFt3,375 SqFtAbove Grade Finished SqFt3,375 SqFtStories2Lot Size2,962 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningCMCountyYORKAPN09-194-02-0020.00-00000

Schools near 656 West Market Street

This home is within York City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 3 to 8
Private - K to 9
Rating
School
Distance
Ferguson School
PublicPK to 8

William Penn Senior High School
Public9 to 12

Edgar Fahs Smith STEAM Academy
Public3 to 8

Grace Words Christian Academy
PrivateK to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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656 West Market Street is a multi-family home for sale in York, PA 17401. This property was listed for sale on January 3, 2024 by Renaissance Realty Sales, LLC, it's currently listed at $215,000. It has been on the market for a total of 116 days and was last sold on November 30, 2018. This listing's school district is York City School District. Nearby schools include Ferguson School, William Penn Senior High School and Edgar Fahs Smith STEAM Academy. 656 West Market Street is a 0-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Renaissance Realty Sales, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.