Duplex Income
1216-1218 VINE Avenue Williamsport, PA 17701
For Sale
$650,000
MULTI_FAMILY - Williamsport, PA
Property Size2,258 SF
Lot Size0.09 Acres
Price / SF$287.87
Days on Market69
Property Features for 1216-1218 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bedrooms
6
Rooms
Basement, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
Parking features
Alley
Basement
Full
Standard status
Active
APN
66+,014.0-0133.00-000+
Size
2,258 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2528
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
Frame, Composite Siding
Roof type
Shingle
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Dawn Dyer · License #RS343310
(570) 916-8266
Added: May 21
Changed: Jul 8
Last Checked: Jul 28 at 7:06AM
MLS# WB-103978
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 well-maintained duplex features two separate residential units. Each unit includes three bedrooms and is currently described as fully rented for the Fall/Spring 2026-2027 school year. The property totals 2,258 square feet and sits on a 0.09-acre lot. Seller-owned furnishings are included with the sale, supporting a turnkey approach for the incoming owner.
The property is located at 1216-1218 Vine Avenue in Williamsport, Pennsylvania, in a CC-zoned area. The public remarks describe the home as being close to Penn College, within the Penn College patrol zone. The offering is also being presented as part of a package deal that includes 1220-1224 Vine Avenue and 1238 Vine Avenue.
For investors seeking student-oriented rental housing, the unit mix and described leasing status may fit buyers looking for immediate occupancy tied to the 2026-2027 school year. The package structure can also appeal to buyers interested in expanding their holdings alongside the additional nearby properties included in the sale. The seller also notes an offer of up to a $35,000 credit for improvements with an acceptable offer.
The property is located at 1216-1218 Vine Avenue in Williamsport, Pennsylvania, in a CC-zoned area. The public remarks describe the home as being close to Penn College, within the Penn College patrol zone. The offering is also being presented as part of a package deal that includes 1220-1224 Vine Avenue and 1238 Vine Avenue.
For investors seeking student-oriented rental housing, the unit mix and described leasing status may fit buyers looking for immediate occupancy tied to the 2026-2027 school year. The package structure can also appeal to buyers interested in expanding their holdings alongside the additional nearby properties included in the sale. The seller also notes an offer of up to a $35,000 credit for improvements with an acceptable offer.
Key Highlights
- Double home with 2 separate units, each with 3 bedrooms
- Fully rented for the Fall/Spring 2026–2027 school year
- Seller‑owned furnishings included with the sale
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 | $28.5k | $12.60 |
| − Vacancy | −$2.1k | −$0.95 |
| EGI | $26.3k | $11.66 |
| − OpEx | −$7.9k | −$3.50 |
| NOI | $18.4k | $8.16 |
2,258 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.0K
NOI $18,422 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully leased 3-bedroom units with furnishings included, offering turnkey rental housing in a CC-zoned setting.
Where is this duplex located?
The property is located at 1216-1218 VINE Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Double home with 2 separate units, each with 3 bedrooms; Fully rented for the Fall/Spring 2026–2027 school year; Seller‑owned furnishings included with the sale
