743-745 W 3RD Street Williamsport, PA 17701
MULTI_FAMILY - Williamsport, PA
Property Features for 743-745 W 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 9
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 9, Bedroom 2, Bedroom 8, Bedroom 4, Bedroom 1
- Parking features
- Alley
- Standard status
- Active
- APN
- 65+,003.0-0337.00-000+
- Size
- 3,213 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3511
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Linoleum, Wood
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agent Dawn Dyer License #RS343310 (570) 916-8266
Listing office Iron Valley Real Estate North Central PA 1020 Commerce Park Drive Suite 1-A, Williamsport, PA (570) 979-1002
Listing date Jul 14, 2026
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.
Located in Williamsport, PA and zoned R3, the property is set up for tenant convenience with a large off-street parking lot. It is listed for sale at 743-745 W 3RD Street in Lycoming County.
The building is positioned as a turnkey rental property with two separate furnished units and shared practical amenities designed to support day-to-day occupancy.
Key Highlights
- Fully rented student housing with 2 furnished apartments totaling 9 bedrooms and 4 full baths
- 5‑bedroom, 2‑bath unit with renovated open‑concept layout and stainless steel kitchen
- 4‑bedroom, 2‑bath Victorian‑style unit with hardwood floors and large bedrooms
Local Financial Insights For Multifamily LT 5
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 | $40.5k | $12.60 |
| − Vacancy | −$3.0k | −$0.95 |
| EGI | $37.4k | $11.66 |
| − OpEx | −$11.2k | −$3.50 |
| NOI | $26.2k | $8.16 |
