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Building Details

Year Built 1878

Listing Agency: Keller Williams Realty Advantage

Listed By: Megan E Pantalena · License #WVS250303977 Show Phone

Source: Localrealestateleaders

Added: Jul 30 Changed: Oct 1 Last Checked: Oct 7 at 4:35PM

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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 Realty Advantage

Investment Insights

Based on property information with market context.

This two-unit residential property includes approximately 2,400 square feet on a level 0.14-acre lot. Built in 1878, the duplex is arranged with one residence under an annual lease and the other currently occupied by the owner. The spacious units provide a straightforward setup for continued rental use or partial owner occupancy.

Exterior and safety improvements include durable vinyl siding, added insulation, new gutters, updated roofing, and new smoke detectors. A metal roof was installed in 2015, with new shingle roofing added in 2024. The property is located at 38 W Potomac St W in Williamsport, Maryland.

Key Highlights

• Approximately 2,400 square feet on a level 0.14‑acre lot
• Duplex with one side leased annually and the other owner occupied
• Metal roof installed in 2015 and new shingle roofing added in 2024

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,175

Cap Rate

7.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$503,500 $503.5K

Cap Rate 7%

$359,643 $359.6K

Cap Rate 9%

$279,722 $279.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$38.9K $16.20/SF

− Vacancy

−$2.9K −$1.22/SF

EGI

$36.0K $14.99/SF

− OpEx

−$10.8K −$4.50/SF

NOI

$25.2K $10.49/SF

Area

Washington County, MD

Vacancy

7.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$503,500

Cap Rate 7%

$359,643

Cap Rate 9%

$279,722

Alternative Uses

Best Use

Multifamily LT 5

$359.6K

$314.7K – $419.6K (±1% cap)

NOI $25,175 @ 7.0% cap · market cap 7.11%

Second Best

Apartment 5plus

$322.7K

$282.3K – $376.5K (±1% cap)

NOI $22,587 @ 7.0% cap · market cap 6.38%

Theoretical Best

Office A

$532.4K

$465.8K – $621.1K (±1% cap)

NOI $37,266 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Sheetz Car Wash Williamsport Pharmacy Pharmacy PNC ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Explore this area Business Placement

Demographics for 21795, MD

9,873

Population

4,308

Households

2.3

Avg Household Size

46

Median Age

26%

College-Educated

93%

High-School Grad

32.1 sq mi

ZIP Area

308

Density / Sq Mi

$83,542

Median Household Income

$44,040

Median Earnings

$1,190

Median Rent

$275,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with one leased residence and a separate owner-occupied side.

Where is this duplex located?

The property is located at 38 W Potomac St W Williamsport, MD.

What is the asking price?

The asking price for this property is $353,995.

What are key features of this property?

This property features: Approximately 2,400 square feet on a level 0.14‑acre lot; Duplex with one side leased annually and the other owner occupied; Metal roof installed in 2015 and new shingle roofing added in 2024