501 West Market Street

York, PA 17401

$349,000
Price
Beds
7,264 Sq. Ft.
$48 / Sq. Ft.
7,264
Sq. Ft.
$48
per Sq. Ft.

Description

Mixed use property featuring commercial space (currently a church) on the first floor, a garage on the back of the property, and apartments on the 1st, 2nd, and 3rd floors. Total monthly cashflow is $3,445 and leases are attached in Documents. Church $640/month; 1st Floor Apartment (Studio, 1 Bath) $685/month ; 2nd Floor Apartment (4 Bedroom, 2 Bath) $1,000/month; 3rd Floor Apartment (2 Bedroom, 1 Bath) $930/month; Garage $200/month. The second floor apartment is under market-value rent by about...Mixed use property featuring commercial space (currently a church) on the first floor, a garage on the back of the property, and apartments on the 1st, 2nd, and 3rd floors. Total monthly cashflow is $3,445 and leases are attached in Documents. Church $640/month; 1st Floor Apartment (Studio, 1 Bath) $685/month ; 2nd Floor Apartment (4 Bedroom, 2 Bath) $1,000/month; 3rd Floor Apartment (2 Bedroom, 1 Bath) $930/month; Garage $200/month. The second floor apartment is under market-value rent by about $400/month (see report in documents). Annual expenses for 2023 were as follows: Gas $5,550; Electric $398; Wastewater $2,875, Sewer & Water; $2,464.
  1. Listed by Jared Andre Yoder • Iron Valley Real Estate of Lancaster
    P: (717)-347-9813 jaredyoder717@gmail.com

Property Details for 501 West Market Street

Tax ID Number
11-301-05-0001-00-00000
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
05-18-2024
Municipality
YORK CITY
LISTING UPDATED: 08/14/2024 03:52 AM

Property Details for 501 West Market Street

StatusActive
MLS #PAYK2059730
Days on Market172
Taxes$4,283 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.11 AC / 4,622 SF
CountyYork County

Building Information for 501 West Market Street

Stories-Residences4Year Built1910Building Size-Lot Size0.11 AC / 4,622 SF

Property Information for 501 West Market Street

Location
Location
  • School District Name: YORK CITY
  • School District County ID: 300200397213
  • SchoolDistrictSource: Listing Agent
  • Middle Or Junior School: HANNAH PENN (YORK PA)
  • MiddleSchoolSource: Listing Agent
  • High School: WILLIAM PENN (YORK PA)
  • HighSchoolSource: 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $71,360
  • Year Assessed: 2021
  • County Tax: $421
  • City Town Tax: $1,354
  • Clean Green Assessed: No
  • Land Use Code: 372
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: UN-1
  • Tax Lot: 0001
  • School Tax: $2,509
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Gas, Sewer, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Leased Count: 5
Financial Information
Expenses
  • Water Avg Month: $205
  • Water Prev 12 Months: $2,460
  • Electric Avg Month: $33
  • Electric Prev 12 Months: $396
  • Gas Avg Month: $463
  • Gas Prev 12 Months: $5,550
Financial Information
  • Annual Rental Income: $3,455
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 7,264.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Attached Carport
  • Attached Carport - # of Spaces: 5.0
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Other
  • Heating Type: Steam
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 501 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 501 West Market Street

Taxable ValueLand$29,720Additions$41,640Total$71,360
Tax Record2024$4,430 ($369 / month)
Home Facts
Total Finished SqFt7,269 SqFtAbove Grade Finished SqFt7,269 SqFtStories3Lot Size4,617 SqFtStyleStoresYear Built1910ZoningRSCountyYORKAPN11-301-05-0001.00-00000

Schools near 501 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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501 West Market Street is a multi-family home for sale in York, PA 17401. This property was listed for sale on May 18, 2024 by Iron Valley Real Estate of Lancaster, it's currently listed at $349,000. It has been on the market for a total of 172 days and was last sold on May 2, 2022. 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. 501 West Market Street is a 0-bed, 0-bath, 7,264 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 Iron Valley Real Estate of Lancaster

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.