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    Renovated Three-Unit Multifamily Property Title is generated by Realmo AI

    111 E MARKET Street, Williamstown, PA 17098

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    For Sale
    $299,000

    MULTI_FAMILY - Other - WILLIAMSTOWN, PA

    Lot size:
    0.13 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    157
    Last Refresh:
    May 14 at 10:06 am

    Property Features for 111 E MARKET Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Off Street, On Street
    Appliances
    Oven - Single, Refrigerator
    Standard status
    Active
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1573

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Unger
    Kelly Unger

    Listing agent Kelly Unger License #RS211932L

    Listing office Keller Williams of Central PA 700 Bent Creek Boulevard, Enola, PA

    Listing date Dec 8, 2025

    MLS# PADA2052014 Listing URL

    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.

    HighLights

    • Completely renovated 3‑unit property, offering immediate rental income potential.
    • Unit A: Boasts 4 bedrooms and 2 full baths, featuring new flooring, drywall, paint, fixtures, and appliances.
    • Unit A: Includes laundry hookup, built‑in bookcase, and a large pantry.
    • Unit B: 1 bedroom, 1 bath with new kitchen and appliances including a dishwasher.
    • Freshly painted exterior with new sod, deck, staircase, pavers, and privacy fence.
    • Off‑street parking available.

    Overview

    This completely renovated three-unit multifamily property is ready for a new owner. The exterior has been freshly painted and features new sod, a deck and staircase, pavers, a privacy fence, and an off-street parking area. Unit A includes 4 bedrooms and 2 full baths, laundry hookup, and electric baseboard heat. It features new flooring and drywall, new paint and fixtures, a large built-in bookcase in the living room, and a kitchen with a built-in microwave, new stove, new refrigerator, and a large pantry. The first-floor bath has a new shower, sink, toilet, and fixtures, while the second-floor full bath has a soaker tub and shower combination with laundry hookup and storage cabinets. Unit B is a 1-bedroom, 1-bath unit with electric baseboard heat, a new kitchen with a dishwasher, stove, new backsplash, and a new refrigerator. Unit C is located in the lower level and awaits finishing touches of drywall and paint, and has oil forced air. The property is located in WILLIAMSTOWN, PA, and sits on a 0.13-acre lot. There is also possible additional rental income from shed storage space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.61744
    Latitude
    40.58031

    Nearby Similar for Sale

    • $299,000

      Renovated Triplex Ready for Owner

      Completely renovated 3-unit property with modern upgrades and income potential.
      111 East Market Street, Williamstown, PA 17098
      View Details
    • $350,000

      Mixed-Use Building with Garage

      Four-unit building featuring apartments and a large garage.
      224 W MARKET STREET, WILLIAMSTOWN, PA 17098
      View Details

    FAQs

    What type of property is this?
    Triplex - Completely renovated three-unit property with modern updates and potential income.
    Where is this triplex located?
    The property is located at 111 E MARKET Street Williamstown, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Completely renovated 3‑unit property, offering immediate rental income potential.; Unit A: Boasts 4 bedrooms and 2 full baths, featuring new flooring, drywall, paint, fixtures, and appliances.; Unit A: Includes laundry hookup, built‑in bookcase, and a large pantry.
    (717) 433-0352
    We can help!
    Listing Contact
    Kelly Unger
    Kelly Unger
    Real Estate License ID: RS211932L
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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