Updated Duplex with Detached
For Sale
$224,900
2717-2719 GRAND Street, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size2,016 SF
Lot Size0.12 Acres
Price / SF$111.56
Days on Market49
Property Features for 2717-2719 GRAND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
View
City
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active
APN
67+,014.0-0308.00-000+
Size
2,016 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3261
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Building materials
Frame, Aluminum Siding, Vinyl Siding
Roof type
Shingle
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Lori M Solomon · License #RS314921
(570) 337-2632
Added: Jul 21
Changed: Sep 7
Last Checked: Sep 7 at 6:06PM
MLS# WB-104431
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 duplex offers 2,016 square feet across two residential units, with improvements completed in each unit. Updates include interior paint, new flooring, refreshed bathrooms, and a recently installed shingle roof. The building dates to 1910 and is constructed with a frame structure and aluminum and vinyl siding.
Two detached garages accompany the property and may be rented to existing tenants or separately. Each unit has separate utilities and natural-gas heating, while the property is served by public water. The 0.12-acre parcel is zoned R2 and is located near WAMS in Williamsport. Current management is provided by One Focus.
Two detached garages accompany the property and may be rented to existing tenants or separately. Each unit has separate utilities and natural-gas heating, while the property is served by public water. The 0.12-acre parcel is zoned R2 and is located near WAMS in Williamsport. Current management is provided by One Focus.
Key Highlights
- Duplex with 2,016 square feet on a 0.12‑acre lot
- Both units have updated paint, flooring, and bathrooms
- New shingle roof
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
$16,448
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
7.31%
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%
$328,960
$329.0K
Cap Rate 7%
$234,971
$235.0K
Cap Rate 9%
$182,756
$182.8K
Market Conditions
NOI Build-Up for 2,016 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
$25.4K $12.60/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$23.5K $11.66/SF
− OpEx
−$7.0K −$3.50/SF
NOI
$16.4K $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 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%
$328,960
Cap Rate 7%
$234,971
Cap Rate 9%
$182,756
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$217.9K
$190.7K – $254.2K
NOI $15,253 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
133
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two units feature separate utilities, natural-gas heat, and refreshed interior finishes.
Where is this duplex located?
The property is located at 2717-2719 GRAND Street Williamsport, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Duplex with 2,016 square feet on a 0.12‑acre lot; Both units have updated paint, flooring, and bathrooms; New shingle roof
