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: $319,000
List Price: $319,000
List Date: 2025-11-19
Limited Service: No
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 4000
Est Age Range: 76 - 100 Yrs
Lot Size: 45X100
Location Legal Taxes
House # (1): 16-18
Street Name: Pershing
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: 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
Under Contract Date: 2025-12-02
Sold Date: 2025-12-23
Expenses
Annual Gross Income: 48240
Annual Water Exp: 1200
Annual Sewer Exp: 870
Annual Real Est Tax: 4048.19
Annual Fire/Liabilty: 1300
Annual Other Misc: 75
Total Annl Expenses: 7493.19
Anl Net Inc b/4 Debt: 40746.81
Unit 1 Info
Unit #: 1
Approx SF: 1500
# Rooms: 6
# Bedrooms: 3
Kitchen Style: Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 2
Approx SF: 1300
# Rooms: 5
Monthly Rent: 1400
# Bedrooms: 2
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 3
Approx SF: 1200
# Rooms: 4
Monthly Rent: 1095
# Bedrooms: 1
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Property Features
Showing Instructions: Contact Showing Service - See Remarks; Other - See Remarks
Heat Fuel Type: Gas
Heat Type: Forced Air; Steam
AC Type: None
Condition: Very Good
Exterior: Vinyl
Roof: Comp Shingle
Interior Finish: Drywall
Water: Public
Sewer: Public
Basement: Concrete Floor
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: January - 23 - 2026
Information deemed reliable but not guaranteed.
