Updated Duplex with Off-Street
For Sale
$199,900
1237 MEMORIAL Avenue, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size1,765 SF
Lot Size0.15 Acres
Price / SF$113.26
Days on Market147
Property Features for 1237 MEMORIAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Rooms
Basement
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+,009.0-0205.00-000+
Size
1,765 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2747
Utilities
Heating system
Hot Water(Heating), 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
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 27
Changed: Oct 8
Last Checked: Oct 20 at 9:06AM
MLS# WB-103996
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 R2-zoned duplex at 1237 Memorial Avenue contains 1,765 square feet on a 0.15-acre lot. The first residence includes 3 bedrooms, while the upper bi-level residence provides 2 bedrooms across two floors. The 1901 frame building has vinyl siding, shingle roofing, linoleum and carpet flooring, window-unit cooling, and a recently installed furnace. Public water serves the property, and access to off-street parking is provided from the alley.
The property is in Williamsport, PA 17701, near Pennsylvania College of Technology. Existing leases extend through May 2027, providing an established occupancy arrangement for the two-unit residential property.
The property is in Williamsport, PA 17701, near Pennsylvania College of Technology. Existing leases extend through May 2027, providing an established occupancy arrangement for the two-unit residential property.
Key Highlights
- Duplex with 1,765 square feet on a 0.15‑acre lot
- First‑floor unit includes 3 bedrooms
- Second‑floor bi‑level unit has 2 bedrooms across two stories
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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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 residences offer flexible layouts, public water service, and natural-gas hot-water heating in an established Williamsport setting.
Where is this duplex 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: Duplex with 1,765 square feet on a 0.15‑acre lot; First‑floor unit includes 3 bedrooms; Second‑floor bi‑level unit has 2 bedrooms across two stories
