Two-Unit Student Housing
For Sale
Under Contract
$210,000
1216-1218 VINE Avenue, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size2,258 SF
Lot Size0.09 Acres
Price / SF$93
Days on Market153
Property Features for 1216-1218 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 5, Basement, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Alley
Basement
Full
View
City
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active Under Contract
APN
66+,014.0-0133.00-000+
Size
2,258 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2528
Utilities
Heating system
Natural Gas
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, Composite 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 21
Changed: Oct 8
Last Checked: Oct 20 at 10:06AM
MLS# WB-103978
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.
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Investment Insights
Based on property information with market context.
This 2,258-square-foot duplex contains two residential units, each arranged with 3 bedrooms. The 1901 frame property has composite siding, shingle roofing, carpet and linoleum flooring, natural-gas heat, and window-unit cooling. Seller-owned furnishings are included, and both units are fully rented for the Fall/Spring 2026-2027 school year.
Located in Williamsport near Penn College, the property is positioned for student-housing use. The parcel measures 0.09 acres, with public water service and alley parking. CC zoning, a basement, and two bathrooms further define the existing configuration.
Located in Williamsport near Penn College, the property is positioned for student-housing use. The parcel measures 0.09 acres, with public water service and alley parking. CC zoning, a basement, and two bathrooms further define the existing configuration.
Key Highlights
- Two‑unit duplex with 2,258 square feet
- Each unit includes 3 bedrooms
- Fully rented for the Fall/Spring 2026‑2027 school year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,422
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,440
$368.4K
Cap Rate 7%
$263,171
$263.2K
Cap Rate 9%
$204,689
$204.7K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$28.5K $12.60/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$26.3K $11.66/SF
− OpEx
−$7.9K −$3.50/SF
NOI
$18.4K $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%
$368,440
Cap Rate 7%
$263,171
Cap Rate 9%
$204,689
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.0K
NOI $18,422 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units near Penn College with furnishings included and current school-year occupancy.
Where is this duplex located?
The property is located at 1216-1218 VINE Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,258 square feet; Each unit includes 3 bedrooms; Fully rented for the Fall/Spring 2026‑2027 school year
