942 W 3RD Street, Williamsport, PA 17701
MULTI_FAMILY - Williamsport, PA
- Added:
- Jun 26, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 28 at 3:06 am
Property Features for 942 W 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 9
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 8, Basement
- Parking features
- Alley
- Basement
- Full
- Standard status
- Active
- APN
- 65+,005.0-0208.00-000+
- Size
- 2,860 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2096
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Linoleum, Wood
- Building materials
- Stone, Wood Siding
- Roof type
- Metal
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 Jun 26, 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.
HighLights
- Fully rented student housing at 942 W. Third Street with two units
- Unit mix: one 5‑bedroom unit and one 4‑bedroom unit
- Both units are furnished
- Year built: 1905
- Metal roof; exterior materials include stone and wood siding
- Public water; heating is electric with baseboard; wall A/C units
Overview
The address is 942 W 3rd Street in Williamsport, Pennsylvania, within Lycoming County. The property is listed in R3 zoning and sits on a small site of 0.17 acres. Public remarks indicate the home is located just minutes from campus, with proximity to Pennsylvania College of Technology cited as a key driver of tenant desirability.
For investors or owner-operators seeking a compact, student-oriented multifamily asset, the dual furnished unit configuration and bedroom mix are designed to match common group-housing needs. With the property described as fully rented and furnished, it may appeal to buyers looking for a turn-key income-focused purchase while retaining the flexibility of managing two separate units within one building. All details above are based on the provided listing information.
Local Financial Insights For Apartment 5plus
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 | $42.2k | $14.76 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $39.3k | $13.76 |
| − OpEx | −$17.7k | −$6.19 |
| NOI | $21.6k | $7.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Williamsport
- County
- Lycoming
- State
- Pennsylvania
- Longitude
- -77.02176
- Latitude
- 41.237978
