Three-Bedroom Apartment
For Sale
Under Contract
$120,000
1238 VINE Avenue, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size1,316 SF
Lot Size0.07 Acres
Price / SF$91.19
Days on Market131
Property Features for 1238 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bedrooms
3
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
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+,014.0-0126.00-000+
Size
1,316 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1911
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Linoleum, Carpet, Wood
Building materials
Frame, Aluminum Siding, Vinyl Siding, Composite Siding
Roof type
Shingle, Metal
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: Sep 28
Last Checked: Oct 2 at 10:06PM
MLS# WB-104287
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.
Investment Insights
Based on property information with market context.
This 1,316-square-foot apartment property in Williamsport includes three bedrooms and one bathroom within a frame-built structure dating to 1901. Exterior materials include aluminum, vinyl, and composite siding, while the roof combines metal and shingle sections. Interior finishes include carpet, linoleum, wood, and vinyl flooring. Natural-gas heat and public water serve the property, with parking access from the alley.
The property occupies 0.07 acres at 1238 Vine Avenue in Williamsport, PA. It is currently rented for the college school year and sits within the Penn College patrol zone, a context identified in the property information for student housing. Zoning is CC. The property may also be purchased with 1216-1218 Vine Avenue and 1220-1224 Vine Avenue as part of a package.
The property occupies 0.07 acres at 1238 Vine Avenue in Williamsport, PA. It is currently rented for the college school year and sits within the Penn College patrol zone, a context identified in the property information for student housing. Zoning is CC. The property may also be purchased with 1216-1218 Vine Avenue and 1220-1224 Vine Avenue as part of a package.
Key Highlights
- 1,316‑square‑foot property on 0.07 acres
- Three bedrooms and one bathroom
- Currently rented for the college school year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,957
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$199,140
$199.1K
Cap Rate 7%
$142,243
$142.2K
Cap Rate 9%
$110,633
$110.6K
Market Conditions
NOI Build-Up for 1,316 SF
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.
Gross rent
$19.4K $14.76/SF
− Vacancy
−$1.3K −$1.00/SF
EGI
$18.1K $13.76/SF
− OpEx
−$8.1K −$6.19/SF
NOI
$10.0K $7.57/SF
Area
Lycoming County, PA
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$199,140
Cap Rate 7%
$142,243
Cap Rate 9%
$110,633
Alternative Uses
Best Use
Apartment 5plus
$142.2K
$124.5K – $166.0K
NOI $9,957 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.6K
$248.2K – $330.9K
NOI $19,852 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
473
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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Frequently Asked Questions
What type of property is this?
Single family property - Three-bedroom layout with current school-year occupancy, natural-gas heat, and alley parking near Penn College.
Where is this single family property located?
The property is located at 1238 VINE Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 1,316‑square‑foot property on 0.07 acres; Three bedrooms and one bathroom; Currently rented for the college school year
