Renovated Duplex with
For Sale
Under Contract
$214,900
1011 BALDWIN Street, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size1,924 SF
Lot Size0.23 Acres
Price / SF$111.69
Days on Market53
Property Features for 1011 BALDWIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Alley
Lot features
Adjacent to Park
View
City, Park
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active Under Contract
APN
68+,008.0-0406.00-000+
Size
1,924 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
3035
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
front porch
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Laminate, Vinyl
Building materials
Frame, Asbestos
Roof type
Shingle
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Lori M Solomon · License #RS314921
(570) 337-2632
Added: Jul 21
Changed: Sep 7
Last Checked: Sep 11 at 11:06PM
MLS# WB-104432
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 at 1011 Baldwin Street contains 1,924 square feet on a 0.23-acre lot, with four bedrooms and three bathrooms across two residential units. Interior finishes include wood, carpet, laminate, and vinyl flooring, while natural-gas hot-water heating serves the building. Both kitchens and bathrooms have been remodeled, and the property also includes a large front porch, newer windows, a shingle roof, and a detached two-car garage. Frame construction and public water service are in place.
The property is near Brandon Park and provides alley access for parking. It was built in 1901 and carries R2 zoning. Unit management is handled by One Focus.
The property is near Brandon Park and provides alley access for parking. It was built in 1901 and carries R2 zoning. Unit management is handled by One Focus.
Key Highlights
- Duplex with 1,924 square feet on a 0.23‑acre lot
- Two residential units with remodeled kitchens and bathrooms
- Four bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,940
$313.9K
Cap Rate 7%
$224,243
$224.2K
Cap Rate 9%
$174,411
$174.4K
Market Conditions
NOI Build-Up for 1,924 SF
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.
Gross rent
$24.2K $12.60/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$22.4K $11.66/SF
− OpEx
−$6.7K −$3.50/SF
NOI
$15.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,940
Cap Rate 7%
$224,243
Cap Rate 9%
$174,411
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.6K
NOI $15,697 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.6K
NOI $14,557 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,024 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,545
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens and bathrooms, plus a covered front porch and detached garage.
Where is this duplex located?
The property is located at 1011 BALDWIN Street Williamsport, PA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Duplex with 1,924 square feet on a 0.23‑acre lot; Two residential units with remodeled kitchens and bathrooms; Four bedrooms and three bathrooms
