Updated Duplex in Penn College
1237 MEMORIAL Avenue Williamsport, PA 17701
For Sale
$199,900
MULTI_FAMILY - Williamsport, PA
Property Size1,765 SF
Lot Size0.15 Acres
Price / SF$113.26
Days on Market63
Property Features for 1237 MEMORIAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Rooms
Basement
Parking features
Alley
Basement
Full
Standard status
Active
APN
66+,009.0-0205.00-000+
Size
1,765 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2747
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
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 27
Changed: Jun 20
Last Checked: Jul 28 at 8:06AM
MLS# WB-103996
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.
Located in the Penn College Patrol Zone, this meticulously maintained and updated duplex presents a strong investment opportunity. The property features two units: the first-floor unit includes 3 bedrooms, while the spacious second-floor bi-level unit offers 2 bedrooms spread across two stories. Tenants benefit from ample off-street parking and a convenient location near Pennsylvania College of Technology. The property has been well cared for with numerous updates, including a recently installed furnace. Leases are in place through May 2027, providing stable cash flow. The property size is 1765 square feet and the lot size is 0.15 acres. The zoning is R2.
Key Highlights
- Duplex built in 1901 with two rental units: 3‑bedroom first‑floor unit and spacious 2‑bedroom second‑floor bi‑level unit across two stories
- Leases are in place through May 2027, supporting current tenant occupancy
- New furnace recently installed; heating includes natural gas and hot water (heating)
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 | $22.2k | $12.60 |
| − Vacancy | −$1.7k | −$0.95 |
| EGI | $20.6k | $11.66 |
| − OpEx | −$6.2k | −$3.50 |
| NOI | $14.4k | $8.16 |
1,765 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,400 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,354 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$380.4K
$332.8K – $443.8K
NOI $26,626 @ 7.0% cap · market cap 13.32%
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 - Meticulously maintained duplex with leases in place through May 2027.
Where is this duplex located?
The property is located at 1237 MEMORIAL Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex built in 1901 with two rental units: 3‑bedroom first‑floor unit and spacious 2‑bedroom second‑floor bi‑level unit across two stories; Leases are in place through May 2027, supporting current tenant occupancy; New furnace recently installed; heating includes natural gas and hot water (heating)
