Updated Two-Unit
For Sale
$199,900
Pending
1237 Memorial Ave, Williamsport, PA 17701
Two distinct floor plans include a three-bedroom first-floor residence and a two-bedroom bi-level upstairs.
Property Size1,765 SF
Days on Market163
Property Features for 1237 Memorial Ave
General Information
Standard status
Pending
Size
1,765 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,746
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Dawn Dyer · License #RS343310
(570) 916-8266
Source:
Exprealty
Added: May 27
Changed: Nov 4
Last Checked: Nov 4 at 2:52PM
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
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Investment Insights
Based on property information with market context.
This 1,765-square-foot duplex contains two residences with different layouts: a three-bedroom unit on the first floor and a two-bedroom bi-level unit spanning the upper two stories. A recently installed furnace is among the property’s updates, and off-street parking is available for tenants.
Leases are in place through May 2027. The property is near Pennsylvania College of Technology in Williamsport.
Leases are in place through May 2027. The property is near Pennsylvania College of Technology in Williamsport.
Key Highlights
- Two‑unit property with leases extending through May 2027
- 1,765‑square‑foot duplex
- First‑floor unit has 3 bedrooms; upper bi‑level unit has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,400
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,000
$288.0K
Cap Rate 7%
$205,714
$205.7K
Cap Rate 9%
$160,000
$160.0K
Market Conditions
NOI Build-Up for 1,765 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$20.6K $11.66/SF
− OpEx
−$6.2K −$3.50/SF
NOI
$14.4K $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%
$288,000
Cap Rate 7%
$205,714
Cap Rate 9%
$160,000
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,400 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,354 @ 7.0% cap · market cap 6.68%
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
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 distinct floor plans include a three-bedroom first-floor residence and a two-bedroom bi-level upstairs.
Where is this duplex located?
The property is located at 1237 Memorial Ave 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: Two‑unit property with leases extending through May 2027; 1,765‑square‑foot duplex; First‑floor unit has 3 bedrooms; upper bi‑level unit has 2 bedrooms
