238-242 N George Street
Multifamily | 22 Units
Marketing description
Investment Overview
Pullman Apartments presents the opportunity to acquire a stabilized, mixed-use multifamily asset located in the heart of Downtown York, Pennsylvania. The Property consists of a 22-unit adaptive reuse building originally constructed in 1910 and renovated in 2012, offering a blend of traditional multifamily, short-term rental, and commercial income streams.
The asset is currently 100% occupied and projected to generate approximately $154,000 in Net Operating Income (2025), providing investors with immediate, durable cash flow supported by diversified tenancy and strong underlying market fundamentals.
Additional multi-family investment opportunities available in York. Contact agent for more information.
Market Overview
Located in Downtown York, the Property benefits from a growing, amenity-rich urban environment supported by ongoing public and private investment. York's position within the Harrisburg-Baltimore corridor and its relative affordability continue to drive steady rental demand and high occupancy levels.
The Property's unique blend of long-term, short-term, and commercial income streams aligns with evolving renter preferences and provides investors with the ability to adapt leasing strategies to maximize revenue over time.
Investment highlights
- Stabilized, Cash-Flowing Asset | Fully leased property delivering immediate yield with consistent in-place income
- Diversified Revenue Profile | Combination of traditional multifamily, short-term rental, and commercial tenancy reduces income voltality
- Institutional-Quality Adaptive Reuse | Historic Pullman Building thoughtfully renovated, offering modern finishes within a character-rich structure
- Short-Term Rental & Extended-Stay Update | Existing Airbnb component with demonstrated demand and operational flexibility
- Prime Downtown Location | Walkable access to York's retail, dining, and employment base within a revitalizing urban corridor
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