Triplex with Forced-Air
For Sale
$275,000
854-856 MEMORIAL Avenue, Williamsport, PA 17701
Multi-Family, WILLIAMSPORT, PA
Property Size2,960 SF
Lot Size0.15 Acres
Price / SF$92.91
Days on Market173
Property Features for 854-856 MEMORIAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
WILLIAMSPORT AREA
Middle school district
WILLIAMSPORT AREA
High school district
WILLIAMSPORT AREA
Standard status
Active
Size
2,960 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
311
Utilities
Heating system
Forced Air
Building Details
Year built
1908
Number of units
3
Building materials
Fiber Cement
Architectural style
Other
Listing Agency:
Core Partners Realty · Century 21 Real Estate
(717) 718-0748
Listed By:
John MacDonald · License #RS342306
(717) 495-2443
Added: Apr 17
Changed: Aug 24
Last Checked: Oct 6 at 7:06PM
MLS# PALY2002272
Copyright © 2026 Bright MLS. 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 three-unit residential income property contains 2,960 square feet on a 0.15-acre parcel. Built in 1908, the structure features fiber cement exterior materials, forced-air heating, and on-street parking. The property is fully rented, providing an established occupancy profile for a multifamily buyer.
Located at 854-856 Memorial Avenue in Williamsport, Pennsylvania, the property is positioned within the 17701 ZIP code in Lycoming County.
Located at 854-856 Memorial Avenue in Williamsport, Pennsylvania, the property is positioned within the 17701 ZIP code in Lycoming County.
Key Highlights
- Fully rented triplex
- 2,960 square feet on a 0.15‑acre parcel
- Built in 1908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,149
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,980
$483.0K
Cap Rate 7%
$344,986
$345.0K
Cap Rate 9%
$268,322
$268.3K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$37.3K $12.60/SF
− Vacancy
−$2.8K −$0.95/SF
EGI
$34.5K $11.66/SF
− OpEx
−$10.3K −$3.50/SF
NOI
$24.1K $8.16/SF
Area
Lycoming County, PA
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,980
Cap Rate 7%
$344,986
Cap Rate 9%
$268,322
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.5K
NOI $24,149 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.3K
NOI $22,395 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$637.9K
$558.2K – $744.2K
NOI $44,653 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,211
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with fiber cement construction and on-street parking.
Where is this triplex located?
The property is located at 854-856 MEMORIAL Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully rented triplex; 2,960 square feet on a 0.15‑acre parcel; Built in 1908
