Income-Producing Duplex Near Penn
1220-1224 Vine Avenue Williamsport, PA 17701
1220-1224 Vine Avenue, Williamsport, PA, 17701
$650,000
For Sale
$650,000
Spacious duplex fully rented to Penn College students through 2027.
Property Size2,528 SF
Price / SF$257.12
Days on Market96
Property Features for 1220-1224 Vine Avenue
General Information
- Standard status
- Active
- Size
- 2,528 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1901
Listing Agency
Iron Valley Real Estate North Central PA
(570) 916-8266
Listed by
DAWN L DYER · License #RS343310
(570) 916-8266
Source
Compass
Added: Apr 14 Checked: Jul 17 at 5:05 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate North Central PA
Investment Insights
Based on property information with market context.
Located within the Penn College patrol zone, this duplex at 1220-1224 Vine Ave in Williamsport presents an income-producing investment opportunity. The property features two units, each offering 4 bedrooms and 2 full baths. Fully rented to Penn College students for the 2026-2027 school year, the property provides immediate rental income. The property is offered as part of a package deal with other nearby properties. The location is within walking distance to Pennsylvania College of Technology, making it suitable for investors seeking occupancy and long-term rental demand in a student housing location. The property size is 2528 square feet.
Key Highlights
- Immediate and dependable rental income from Penn College students.
- Fully rented for the 2026‑2027 school year.
- Located within walking distance to Pennsylvania College of Technology.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $12.60 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $29.5k | $11.66 |
| − OpEx | −$8.8k | −$3.50 |
| NOI | $20.6k | $8.16 |
2,528 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,136 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious duplex fully rented to Penn College students through 2027.
Where is this duplex located?
The property is located at 1220-1224 Vine Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Immediate and dependable rental income from Penn College students.; Fully rented for the 2026‑2027 school year.; Located within walking distance to Pennsylvania College of Technology.
