22 North State Street

York, PA 17403

$825,000
Price
Beds
10,040 Sq. Ft.
$82 / Sq. Ft.
10,040
Sq. Ft.
$82
per Sq. Ft.

Description

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,...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!
  1. Listed by Adam Druck • Inch & Co. Real Estate, LLC
    P: (717)-487-2579 yourrealtoradamd@gmail.com

Property Details for 22 North State Street

Tax ID Number
12-379-08-0009-00-00000
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Municipality
YORK CITY
Total Parking Spaces
14
LISTING UPDATED: 12/03/2024 05:10 PM

Property Details for 22 North State Street

StatusActive
MLS #PAYK2072868
Days on Market15
Taxes$2,369 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.04 AC / 1,590 SF
CountyYork County

Building Information for 22 North State Street

Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,590 SF

Property Information for 22 North State Street

Location
Location
  • School District Name: YORK CITY
  • School District County ID: 300200397213
  • SchoolDistrictSource: 3rd Party
  • 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: 2024
  • Tax Assessed Value: $37,500
  • Year Assessed: 2024
  • County Tax: $258
  • Improvement Assessed Value: $0
  • City Town Tax: $711
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 372
  • Zoning: COMMERCIAL
  • Tax Lot: 0009
  • School Tax: $1,399
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 2
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 10777336
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 14
  • Parking Features: Paved Parking, Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
  • Security Features: Fire Detection System, Security System
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: REALTORS Association of York & Adams Counties (PA)
  • List Agent URL: adamdruck.incherealestate.com

Property History for 22 North State 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 22 North State Street

Taxable ValueLand$10,340Additions$27,160Total$37,500
Tax Record2024$2,328 ($194 / month)
Home Facts
Total Finished SqFt3,480 SqFtAbove Grade Finished SqFt3,480 SqFtStories2Lot Size1,612 SqFtStyleStoresYear Built1910ZoningRSCountyYORKAPN12-379-08-0009.00-00000

Schools near 22 North State Street

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

Hannah Penn Middle School
PublicPK to 8

William Penn Senior High School
Public9 to 12

Edgar Fahs Smith STEAM Academy
Public3 to 8

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.

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22 North State Street is a multi-family home for sale in York, PA 17403. This property was listed for sale on December 3, 2024 by Inch & Co. Real Estate, LLC, it's currently listed at $825,000. It has been on the market for a total of 15 days and was last sold on November 1, 2021. This listing's school district is York City School District. Nearby schools include Goode School, Hannah Penn Middle School and William Penn Senior High School. 22 North State Street is a 0-bed, 0-bath, 10,040 sqft multi-family home built in 1910.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Inch & Co. Real Estate, 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.