Student Housing
For Sale
Under Contract
$280,000
1220-1224 VINE Avenue, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size2,528 SF
Lot Size0.09 Acres
Price / SF$110.76
Days on Market149
Property Features for 1220-1224 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bedrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking features
Alley
View
City
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active Under Contract
APN
66+,014.0-0131.00-000+
Size
2,528 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2397
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Carpet
Building materials
Frame, Vinyl 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 25
Changed: Oct 8
Last Checked: Oct 20 at 10:06AM
MLS# WB-103979
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 duplex at 1220-1224 Vine Avenue contains 2,528 square feet across two residential units. Each unit includes four bedrooms and two full bathrooms, creating a matching layout throughout the property. The 0.09-acre parcel includes frame construction with vinyl siding, carpet and linoleum flooring, natural gas heat, a shingle roof, and public water service. Alley parking is provided, and the building dates to 1901.
The property is within walking distance of Pennsylvania College of Technology in Williamsport and is leased to college students for the 2026–2027 school year. CC zoning applies to the site. The address and unit configuration offer a focused residential income property format near the college campus.
The property is within walking distance of Pennsylvania College of Technology in Williamsport and is leased to college students for the 2026–2027 school year. CC zoning applies to the site. The address and unit configuration offer a focused residential income property format near the college campus.
Key Highlights
- Two‑unit duplex with 2,528 square feet
- Each unit has 4 bedrooms and 2 full baths
- Leased to Pennsylvania College of Technology students for the 2026–2027 school year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,625
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,500
$412.5K
Cap Rate 7%
$294,643
$294.6K
Cap Rate 9%
$229,167
$229.2K
Market Conditions
NOI Build-Up for 2,528 SF
Gross rent
$31.9K $12.60/SF
− Vacancy
−$2.4K −$0.95/SF
EGI
$29.5K $11.66/SF
− OpEx
−$8.8K −$3.50/SF
NOI
$20.6K $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%
$412,500
Cap Rate 7%
$294,643
Cap Rate 9%
$229,167
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,136 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom residences are leased to Pennsylvania College of Technology students for the 2026–2027 school year.
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 $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,528 square feet; Each unit has 4 bedrooms and 2 full baths; Leased to Pennsylvania College of Technology students for the 2026–2027 school year
