Fully Rented
For Sale
$275,000
854-856 MEMORIAL AVE, Williamsport, PA 17701
Three-unit residential income property with all units currently occupied.
Property Size2,960 SF
Price / SF$92.91
Days on Market47
Property Features for 854-856 MEMORIAL AVE
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Gross Income
$33,600
Multifamily Units
3
Listing Agency:
Core Partners Realty
(717) 718-0748
Listed By:
John MacDonald · License #RS342306
(717) 495-2443
Source:
360
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 19 at 6:24AM
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 Core Partners Realty
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Investment Insights
Based on property information with market context.
Located at 854-856 Memorial Ave in Williamsport, Pennsylvania, this triplex contains 2,960 square feet across three residential units. The property is fully rented, providing an existing occupancy profile for an investor seeking a multifamily asset.
Key Highlights
- Triplex configuration with three residential units
- 2,960 square feet of total property size
- All units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,149
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,980
$483.0K
Cap Rate 7%
$344,986
$345.0K
Cap Rate 9%
$268,322
$268.3K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$37.3K $12.60/SF
− Vacancy
−$2.8K −$0.95/SF
EGI
$34.5K $11.66/SF
− OpEx
−$10.3K −$3.50/SF
NOI
$24.1K $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 Rate 5%
$482,980
Cap Rate 7%
$344,986
Cap Rate 9%
$268,322
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.5K
NOI $24,149 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.3K
NOI $22,395 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$637.9K
$558.2K – $744.2K
NOI $44,653 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,211
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with all units currently occupied.
Where is this triplex located?
The property is located at 854-856 MEMORIAL AVE Williamsport, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Triplex configuration with three residential units; 2,960 square feet of total property size; All units are currently rented
