Income-Producing Duplex Near
For Sale
$179,900
1035 MEMORIAL Avenue, Williamsport, PA 17701
MULTI_FAMILY - Williamsport, PA
Property Size1,597 SF
Lot Size0.11 Acres
Price / SF$112.65
Days on Market104
Property Features for 1035 MEMORIAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
On Street
View
City
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active
APN
66+,001.0-0201.00-000+
Size
1,597 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2230
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Carpet
Building materials
Block, Wood Siding
Roof type
Shingle
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Madalyn Collins · License #RS332242
(570) 772-3388
Added: Apr 20
Changed: Jul 29
Last Checked: Aug 1 at 4:06PM
MLS# WB-103688
Copyright © 2026 West Branch Valley Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a turnkey multi-unit duplex located just minutes from the college, making it an ideal setup for consistent rental demand. The property is fully occupied and offers immediate cash flow. It features a strong rental history and a desirable location for tenants, with low vacancy risk due to its proximity to campus and local amenities. The property size is 1597 square feet, situated on a 0.11-acre lot. The zoning is RS. The property is located in Williamsport, PA, in Lycoming County. The property generates over $21,000 per year.
Key Highlights
- Fully occupied duplex with income potential reported as $21,000+ per year
- Year built: 1901
- Construction materials include block and wood siding
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.1k | $12.60 |
| − Vacancy | −$1.5k | −$0.95 |
| EGI | $18.6k | $11.66 |
| − OpEx | −$5.6k | −$3.50 |
| NOI | $13.0k | $8.16 |
1,597 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$186.1K
$162.9K – $217.2K
NOI $13,029 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$172.6K
$151.0K – $201.4K
NOI $12,083 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 17701, PA
43,197
Population
20,891
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
98.0 sq mi
ZIP Area
441
Density / Sq Mi
$52,770
Median Household Income
$33,643
Median Earnings
$869
Median Rent
$176,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex near college, offering immediate cash flow.
Where is this duplex located?
The property is located at 1035 MEMORIAL Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Fully occupied duplex with income potential reported as $21,000+ per year; Year built: 1901; Construction materials include block and wood siding
