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$850,000 -$50,000 (-5.56%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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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."

Full Property Details for 640-646 W Market St

General

  • Price: $850,000
  • Taxes: $2,453 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: PAYK2099466
  • Updated: 6/29/2026
  • Added to Site: 109 day(s) ago

Business

  • Business Type: Other

Interior

  • Flooring: Luxury Vinyl Plank, Vinyl, Hardwood

Parking

  • Total Spaces: 16
  • Parking Type: Parking Lot

Location

  • Area: York City (15201)
  • Municipality: YORK CITY
  • County: YORK
  • Driving Directions: From Carlisle Avenue, turn East onto West Market Street (PA-462 E). Continue straight for approximately 0.5 miles. The 640-646 West Market Street portfolio will be located on your left.

School Information

  • Elementary School: Ferguson
  • Middle School: Hannah Penn
  • High School: William Penn

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Window Unit(s), Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Hot Water, Central
  • Heating Fuel: Natural Gas
  • Water Heater: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Foundation: Stone
  • Roof: Asphalt, Rubber
  • Stories/Levels: 3
  • Building Size: 1707
  • Year Built: 1915
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Zoning: UN1

Financial Considerations

  • Price Per Sq. Ft.: $497.95
  • Assessment Year: 2026
  • School Tax: $1,440
  • City/TownTax: $725
  • City/TownTax Freq: Annually
  • County Tax: $288
  • County Tax Freq: Annually
  • Tax w/Assessment: $38,220
  • Tax Amount: $2,453
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Other
  • Lot Number: 14

Listed by Yohn Property Management, LLC, Kyle Andrew Price

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Listing agent

— 640-646 W Market St —

  • Kyle Andrew Price

    Yohn Property Management, LLC

Listing Office Email: bleber@blakeyyost.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 640-646 W Market St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/29/2026
Price Reduced
$850,000
-5.56%
MLS
3/17/2026
Listed
$900,000
239.62%
MLS
7/19/2018
Sold
$265,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 640-646 W Market St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,454
2%
$38,220
—
2025
$2,415
2%
$38,220
—
2024
$2,373
—
$38,220
—
2023
$2,373
1%
$38,220
—
2022
$2,359
5%
$38,220
—
2021
$2,240
—
$38,220
—
2020
$2,240
—
$38,220
—
2019
$2,236
—
$38,220
—
2018
$2,236
-1%
$38,220
—
2017
$2,266
—
$38,220
—
2016
$2,257
1%
$38,220
—
2015
$2,241
—
$38,220
—
2014
$2,241
—
$38,220
—
2013
$2,241
—
$38,220
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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640-646 W Market Street, York, PA 17401 (MLS# PAYK2099466) is a Commercial Multi-Family property. 640-646 W Market Street is currently listed for $850,000 and was received on March 17, 2026. Want to learn more about 640-646 W Market Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in York? You can browse all York real estate or contact a Coldwell Banker agent to request more information.

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