Residential Income
1237 Memorial Avenue Williamsport, PA 17701
For Sale
$199,900
Residential income property in the Williamsport Area School District, available for sale in Williamsport, PA.
Property Size1,765 SF
Price / SF$113.26
Days on Market102
Property Features for 1237 Memorial Avenue
General Information
Standard status
Active
Size
1,765 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 18
Changed: Jul 10
Last Checked: Jul 27 at 1:07PM
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.
This listing is for a residential income multifamily property being offered for sale in Lycoming County. The available information identifies the asset as an “other multifamily” / residential income type, but does not specify unit mix, interior finishes, condition, or on-site amenities.
The property is located at 1237 Memorial Avenue in Williamsport, PA 17701, within the Williamsport City MLS area (15961). The listing also references the Williamsport Area School District, provided through the listing agent, and the County is identified as Lycoming.
Because the details provided do not include lease terms, tenant status, or any specific building systems or improvements, prospective buyers should plan to review income and expense information, unit configuration, and condition through the seller’s documentation and any inspection items available. For investors and owner-occupants evaluating residential income opportunities in the Williamsport Area School District, this asset may be suitable for underwriting a multifamily strategy after confirming the property’s actual current performance and physical condition.
The property is located at 1237 Memorial Avenue in Williamsport, PA 17701, within the Williamsport City MLS area (15961). The listing also references the Williamsport Area School District, provided through the listing agent, and the County is identified as Lycoming.
Because the details provided do not include lease terms, tenant status, or any specific building systems or improvements, prospective buyers should plan to review income and expense information, unit configuration, and condition through the seller’s documentation and any inspection items available. For investors and owner-occupants evaluating residential income opportunities in the Williamsport Area School District, this asset may be suitable for underwriting a multifamily strategy after confirming the property’s actual current performance and physical condition.
Key Highlights
- Residential income property available for sale in Williamsport, PA
- Williamsport Area School District (School District County ID: 300200396686)
- Year built: 1901
Financial Insights For Apartment 5plus
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 | $26.1k | $14.76 |
| − Vacancy | −$1.8k | −$1.00 |
| EGI | $24.3k | $13.76 |
| − OpEx | −$10.9k | −$6.19 |
| NOI | $13.4k | $7.57 |
1,765 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,354 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.4K
$332.8K – $443.8K
NOI $26,626 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property in the Williamsport Area School District, available for sale in Williamsport, PA.
Where is this multifamily property located?
The property is located at 1237 Memorial Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Residential income property available for sale in Williamsport, PA; Williamsport Area School District (School District County ID: 300200396686); Year built: 1901
