03
OCT
OCT
$319,000
Wilkes-Barre, PA 18702
MLS# 25-5917
Status: Closed
4000 sqft
1 / 40
Property Description
A must-see investment opportunity with incredible returns! This fully renovated 3-Unit Multifamily packs a punch with an impressive 12.77% Cap Rate, offering instant cash flow and serious investment appeal, with the 2 currently Leased Units and the 3rd Vacant Unit rented at it's previous rate! With separate gas and electric for each apartment and only water and sewer on the landlord this property
Details
Listing Information
Current Price: $320,500
Sold Price: $320,500
Listing Contract Date: 2025-11-19
Limited Service: No
Property Information
Property Sub Type: Multi Family
Building Area Total: 4000
Est Age Range: 76 - 100 Yrs
Location Legal Taxes
Street Number: 16-18
Street Name: Pershing
Street Suffix: Street
State: PA
Postal Code: 18702
County: Luzerne
MLS Area Major: Wilkes Barre
SchoolDistrict: Wilkes-Barre
Township: Wilkes Barre City
Subdivision Name: None
Remarks Directions
Directions: Heading North on East Northampton St, make a Left onto Pershing St and the Property is on the Left side.
Status Change Information
Status: Closed
Purchase Contract Date: 2025-12-02
Close Date: 2025-12-23
Close Price: 320500
Expenses
Annual Gross Income: 48240
Annual Water Exp: 1200
Annual Sewer Exp: 870
Annual Real Est Tax: 4048.19
Annual Other Misc: 75
Total Annl Expenses: 7493.19
Unit 1 Info
Unit #: 1
# Rooms: 6
# Bedrooms: 3
# Baths: 1
Heat in Rent: N
Hot Water in Rent: N
Unit 2 Info
Unit #: 2
Unit 3 Info
Unit #: 3
Property Features
Showing Instructions: Contact Showing Service - See Remarks
Heat Fuel Type: Gas
AC Type: None
Condition: Very Good
Exterior: Vinyl
Supplements
is a low-maintenance, high-performance addition to any investor's portfolio. Unit 1 is a bright, oversized 3-bedroom, 1-bathroom apartment featuring a sunny living room, formal dining room, laundry room, and both an enclosed back porch and welcoming front porch. It's vacant, spotless, and ready to rent fast thanks to it's unbeatable location, directly behind the local colleges and the main shopping district! Unit 2 is occupied and offers 2 bedrooms, 1 bathroom, a spacious living and dining room, an enclosed back porch, and a washer/dryer hook-up, clean, fresh and always in demand. Unit 3 is also occupied and showcases beautiful hardwood beams across the vaulted ceiling, a large 1-bedroom layout, 1 bathroom, an open living/dining room area, and a dedicated laundry room with washer and dryer hook-ups. Located in a quiet, desirable neighborhood with constant Tenant demand, this property is turn-key, income-producing, and bursting with potential. Don't wait, schedule your showing today. Opportunities like this don't stick around!
Listing Office: Christian Saunders Real Estate
Listing Agent: Marc Rodriguez-Douglas
Last Updated: July - 25 - 2026
Information deemed reliable but not guaranteed.
