Multifamily Property for
1254 Memorial Avenue Williamsport, PA 17701
For Sale
$215,000
Pending
For sale multifamily property at 1254 Memorial Avenue in Williamsport, PA, within the Williamsport Area School District.
Property Size2,410 SF
Days on Market72
Property Features for 1254 Memorial Avenue
General Information
Standard status
Pending
Size
2,410 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1901
Listing Agency:
Keller Williams Elite
(717) 405-5748
Listed By:
Jeffrey L Zimmerman · License #RS343965
(717) 405-5748
Source:
Compass
Added: May 18
Changed: Jul 22
Last Checked: Jul 27 at 1:28PM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This multifamily property is being offered for sale at 1254 Memorial Avenue in Williamsport, Pennsylvania. The listing is categorized as residential income/other multifamily property, with a stated property size of 2,410.
The property is located in Lycoming County. The listing also identifies the governing school district as the Williamsport Area School District.
Additional sale details are available through the MLS listing, including the listed asking price of $215,000.
The property is located in Lycoming County. The listing also identifies the governing school district as the Williamsport Area School District.
Additional sale details are available through the MLS listing, including the listed asking price of $215,000.
Key Highlights
- Multifamily property for sale at 1254 Memorial Avenue in Williamsport, PA
- Year built: 1901
- Located in the Williamsport Area School District
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 | $35.6k | $14.76 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $33.2k | $13.76 |
| − OpEx | −$14.9k | −$6.19 |
| NOI | $18.2k | $7.57 |
2,410 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$260.5K
$227.9K – $303.9K
NOI $18,234 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.4K
$454.5K – $605.9K
NOI $36,356 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property at 1254 Memorial Avenue in Williamsport, PA, within the Williamsport Area School District.
Where is this multifamily property located?
The property is located at 1254 Memorial Avenue Williamsport, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Multifamily property for sale at 1254 Memorial Avenue in Williamsport, PA; Year built: 1901; Located in the Williamsport Area School District
