Furnished Two-Unit
For Sale
$425,000
Pending
956-958 W 3RD ST, Williamsport, PA 17701
Both residences are furnished and positioned for student housing near Pennsylvania College of Technology.
Property Size3,501 SF
Days on Market57
Property Features for 956-958 W 3RD ST
General Information
Standard status
Pending
Size
3,501 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Furnished
Yes
Multifamily Units
2
Listing Agency:
Iron Valley Real Estate North Central PA
(570) 979-1002
Listed By:
DAWN L DYER · License #RS343310
(570) 916-8266
Source:
Keygroupmd
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 19 at 6:12AM
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 Iron Valley Real Estate North Central PA
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Investment Insights
Based on property information with market context.
This duplex contains two furnished rental units totaling 3,501 square feet. The layouts include one five-bedroom unit and one four-bedroom unit, providing substantial residential capacity within the property. The building dates to 1901 and is currently fully rented.
The property is situated near Pennsylvania College of Technology, supporting its stated student-housing use. Furnishings are included in both units, and the property has an established rental history associated with its current operation.
The property is situated near Pennsylvania College of Technology, supporting its stated student-housing use. Furnishings are included in both units, and the property has an established rental history associated with its current operation.
Key Highlights
- Two‑unit duplex totaling 3,501 square feet
- Unit mix includes one 5‑bedroom unit and one 4‑bedroom unit
- Both rental units are furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,563
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,260
$571.3K
Cap Rate 7%
$408,043
$408.0K
Cap Rate 9%
$317,367
$317.4K
Market Conditions
NOI Build-Up for 3,501 SF
Gross rent
$44.1K $12.60/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$40.8K $11.66/SF
− OpEx
−$12.2K −$3.50/SF
NOI
$28.6K $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%
$571,260
Cap Rate 7%
$408,043
Cap Rate 9%
$317,367
Alternative Uses
Best Use
Multifamily LT 5
$408.0K
$357.0K – $476.1K
NOI $28,563 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,488 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$754.5K
$660.2K – $880.2K
NOI $52,814 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
610
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?
Duplex - Both residences are furnished and positioned for student housing near Pennsylvania College of Technology.
Where is this duplex located?
The property is located at 956-958 W 3RD ST Williamsport, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,501 square feet; Unit mix includes one 5‑bedroom unit and one 4‑bedroom unit; Both rental units are furnished
