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Courthouse Commons 50 N Duke St

17 Unit Apartment Building $4,000,000 ($235,294/Unit) 7.10% Cap Rate York, PA 17401

Investment Highlights

  • This property utilizes an electronic entry system to building and individual units with security cameras throughout
  • Each unit comes with a stacked washer & dryer
  • Basement storage lockers for each tenant plus large maintenance room
  • Property features also include brand new HVAC, roof, plumbing, electric, sprinkler system, appliances
  • LED bathroom mirrors with anti-fog are a nice touch in each unit

Executive Summary

Landmark Commercial Realty is proud to present Courthouse Commons – an elevator-served, Class A mixed-use complex in Downtown York, PA. The property offers 17 one- and two-bedroom units above first floor professional office. The professional office is leased on NNN basis with more than 8 years remaining on the base term and the apartments are fully leased with an average rental rate of $1,600 per month. There are 2 one-bedroom units, 14 two-bedroom units, and a three-bedroom penthouse. In 2022, when the upper 3 floors were converted from office to apartment, the project was thoughtfully designed to preserve historical features while incorporating modern amenities. Top to bottom renovations include brand new HVAC, roof, plumbing, electric, sprinkler system, stainless steel appliances, granite counter tops, electronic entry system to building and individual units with security cameras throughout, stacked washer and dryer
in each unit, LED bathroom mirrors with anti-fog, and basement storage lockers for each tenant plus a large, on-site maintenance room. No expense was spared in making this property the pinnacle of adaptive reuse projects in York.

Property Facts

Price $4,000,000
Price Per Unit $235,294
Sale Type Investment
Cap Rate 7.10%
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class A
Lot Size 0.36 AC
Building Size 26,232 SF
No. Stories 4
Year Built/Renovated 1900/2022
Parking Ratio 0.34/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Tub/Shower

Site Amenities

  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 15 - -
1+1 2 - -
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-021-01-0033.00-00000
Land Assessment
$91,870
Improvements Assessment
$1,057,970
Total Assessment
$1,149,840

zoning

Zoning Code CBD (Central Business District)
CBD (Central Business District)
  • Listing ID: 32642663

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 50 N Duke St, York, PA 17401

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