Two-Unit Duplex Near Penn
For Sale
$610,000
1216-1218 VINE Avenue, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size2,258 SF
Lot Size0.09 Acres
Price / SF$270.15
Days on Market104
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 3, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1
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
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: Aug 31
Last Checked: Sep 1 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This 1901 frame duplex contains 2,258 square feet with two three-bedroom residences. The property includes a basement, linoleum and carpet flooring, composite siding, a shingle roof, natural-gas heating, and window-unit cooling. Seller-owned furnishings are included with the sale. Public water serves the property, and parking access is provided from the alley.
The 0.09-acre property is located in Williamsport near Penn College, with both residences rented for the Fall/Spring 2026–2027 school year. The property is zoned CC and includes two bathrooms among its residential improvements.
The 0.09-acre property is located in Williamsport near Penn College, with both residences rented for the Fall/Spring 2026–2027 school year. The property is zoned CC and includes two bathrooms among its residential improvements.
Key Highlights
- Two residential units, each with 3 bedrooms
- 2,258‑square‑foot duplex on 0.09 acres
- Rented for the Fall/Spring 2026–2027 school year
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
$18,422
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
3.02%
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%
$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
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
$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 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%
$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 3.02%
Second Best
Apartment 5plus
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides three bedrooms and is rented for the 2026–2027 Fall/Spring school year.
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 $610,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms; 2,258‑square‑foot duplex on 0.09 acres; Rented for the Fall/Spring 2026–2027 school year
