1 Market StYork, PA 17401

This exceptional Class A multifamily property, located at 1 W Market St, York, PA 17401, offers a compelling investment opportunity. The 74,184-square-foot building boasts 53 apartment units (34 one-bedroom, 19 two-bedroom) and 10 commercial suites, currently operating at near 100% occupancy. Built in 1850 and extensively renovated in 2015, 2017, and 2022, the four-story building features a striking historic facade, large windows, stained glass, and modern fixtures. Loft-style apartments include original hardwood floors, updated kitchens and appliances, and in-unit laundry. The property sits on a 31,799-square-foot lot in the heart of downtown York, offering residents easy access to restaurants, bars, shops, theaters, and the ballpark. Its prime location near York Hospital and major transportation routes ensures high foot traffic and strong tenant demand. The property's current NOI is $887,679, with a pro-forma NOI of $1,078,576, resulting in a 6.25% cap rate and a pro-forma cap rate of 7.60%. The asking price is $14,200,000, representing a price per square foot of $191.26. Amenities include a roof terrace, fitness center, controlled entry, and storage. This mixed-use property presents a rare opportunity to acquire a high-performing asset in a vibrant downtown location.