Duplex with Student
1220-1224 VINE Avenue Williamsport, PA 17701
For Sale
$650,000
MULTI_FAMILY - Williamsport, PA
Property Size2,528 SF
Lot Size0.09 Acres
Price / SF$257.12
Days on Market65
Property Features for 1220-1224 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Alley
Standard status
Active
APN
66+,014.0-0131.00-000+
Size
2,528 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2397
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Carpet, Linoleum
Building materials
Frame, Vinyl 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 25
Changed: Jul 10
Last Checked: Jul 28 at 7:06AM
MLS# WB-103979
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 duplex features a double-home configuration with two large units at 1220–1224 Vine Avenue. Each unit is laid out with four bedrooms and two full bathrooms, providing a spacious arrangement well-suited for shared student living. The property is offered as turnkey, with the current arrangement set for full occupancy during the 2026–2027 school year. The offering also includes a seller credit of up to $35,000 toward improvements with an acceptable offer.
The property is located in the Penn College patrol zone and within walking distance to Pennsylvania College of Technology. Zoning is listed as CC, supporting a versatile commercial corridor context for a residential income use. Lot size is noted at 0.09 acres, with total building area of 2,528 square feet.
For investors or buyers seeking a student-oriented rental property, this duplex presents a two-unit structure with consistent unit-level layouts, already aligned to the academic housing calendar. It is also being marketed as part of a package deal that includes 1216–1218 Vine Avenue and 1238 Vine Avenue. All three properties are offered together, and the package is described as having total income of $103,600.
The property is located in the Penn College patrol zone and within walking distance to Pennsylvania College of Technology. Zoning is listed as CC, supporting a versatile commercial corridor context for a residential income use. Lot size is noted at 0.09 acres, with total building area of 2,528 square feet.
For investors or buyers seeking a student-oriented rental property, this duplex presents a two-unit structure with consistent unit-level layouts, already aligned to the academic housing calendar. It is also being marketed as part of a package deal that includes 1216–1218 Vine Avenue and 1238 Vine Avenue. All three properties are offered together, and the package is described as having total income of $103,600.
Key Highlights
- 1220‑1224 Vine Ave double home with 2 units, each offering 4 bedrooms and 2 full baths
- Fully rented to Penn College students for the 2026‑2027 school year
- Offered as part of a package deal with 1216‑1218 Vine Ave and 1238 Vine Ave for $650,000; total package income is $103,600
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 | $31.9k | $12.60 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $29.5k | $11.66 |
| − OpEx | −$8.8k | −$3.50 |
| NOI | $20.6k | $8.16 |
2,528 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,136 @ 7.0% cap · market cap 5.87%
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-unit duplex with 4-bedroom, 2-bath layouts, fully rented for the upcoming school year.
Where is this duplex located?
The property is located at 1220-1224 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: 1220‑1224 Vine Ave double home with 2 units, each offering 4 bedrooms and 2 full baths; Fully rented to Penn College students for the 2026‑2027 school year; Offered as part of a package deal with 1216‑1218 Vine Ave and 1238 Vine Ave for $650,000; total package income is $103,600
