Five-Unit Victorian Apartment
New
For Sale
$359,000
918 W 4TH Street, Williamsport, PA 17701
Multi-Units, Williamsport, PA
Property Size1,935 SF
Lot Size0.42 Acres
Price / SF$185.53
Days on Market2
Property Features for 918 W 4TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
View
City
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT CITY
Standard status
Active
APN
64+,001.0-0111.00-000+
Size
1,935 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
3853
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
on-site laundry
private parking lot
Building Details
Year built
1901
Floors in Building
3
Number of units
5
Flooring type
Carpet, Wood, Linoleum
Building materials
Frame, Stone, Masonry
Roof type
Shingle
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
Dawn Dyer · License #RS343310
(570) 916-8266
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 9:06PM
MLS# WB-104844
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.
Built in 1901, this 1,935-square-foot Victorian apartment property contains five fully rented units on a 0.42-acre lot in Williamsport. The building combines frame, stone, and masonry construction with carpet, wood, and linoleum flooring, along with public water service and natural-gas hot-water heating.
Recent property work includes a shingle roof, new porch, painted exterior, newer water heaters, and a new boiler serving Unit 2W installed in October 2020. Each unit has separate gas and electric metering. Residents have access to on-site laundry and a private parking lot. The property is zoned R3 and includes three bathrooms and six bedrooms.
Recent property work includes a shingle roof, new porch, painted exterior, newer water heaters, and a new boiler serving Unit 2W installed in October 2020. Each unit has separate gas and electric metering. Residents have access to on-site laundry and a private parking lot. The property is zoned R3 and includes three bathrooms and six bedrooms.
Key Highlights
- Five fully rented apartment units
- 1,935‑square‑foot building on 0.42 acres
- New roof, porch, painted exterior, and newer water heaters
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
$14,640
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
4.08%
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%
$292,800
$292.8K
Cap Rate 7%
$209,143
$209.1K
Cap Rate 9%
$162,667
$162.7K
Market Conditions
NOI Build-Up for 1,935 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
$28.6K $14.76/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$26.6K $13.76/SF
− OpEx
−$12.0K −$6.19/SF
NOI
$14.6K $7.57/SF
Area
Lycoming County, PA
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$292,800
Cap Rate 7%
$209,143
Cap Rate 9%
$162,667
Alternative Uses
Best Use
Apartment 5plus
$209.1K
$183.0K – $244.0K
NOI $14,640 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.0K
$364.9K – $486.5K
NOI $29,190 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,131
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated five-unit property with on-site laundry, private parking, and separate gas and electric meters.
Where is this apartment building located?
The property is located at 918 W 4TH Street Williamsport, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Five fully rented apartment units; 1,935‑square‑foot building on 0.42 acres; New roof, porch, painted exterior, and newer water heaters
