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
Limited Service: No
Current Price: $320,500
Sold Price: $320,500
List Date: 2025-11-19
Property Information
Realtor.COM Type: Multi-Family
Est Age Range: 76 - 100 Yrs
Lot Size: 45X100
Property Sub Type: Multi Family
Aprx Total SF: 4000
Location, Tax & Legal
Zoning: Multi-Family
PIN #: 73-I10NW1-020-019-000
DB/Record Book: 03024
Page: 183631
Total County Assmnt: 106300
Est County Tax: 675.44
Est Total Tax: 4048.19
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
Include: (3) Stoves & (3) Refrigerators
Exclude: Tenant's Personal Property
Hot Sheet Comment: new
Showing Instructions
Contact Showing Service - See Remarks: 1
Other - See Remarks: 1
Expenses
Annual Gross Income: 48240
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 1200
Annual Sewer Exp: 870
Annual Garbage Remvl: 0
Annual Real Est Tax: 4048.19
Annual Fire/Liabilty: 1300
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 75
Total Annl Expenses: 7493.19
Anl Net Inc b/4 Debt: 40746.81
Heat Fuel Type
Gas: 1
Interior Finish
Drywall: 1
Heat Type
Forced Air: 1
Steam: 1
Condition
Very Good: 1
AC Type
None: 1
Water
Public: 1
Exterior
Vinyl: 1
Sewer
Public: 1
Roof
Comp Shingle: 1
Basement
Concrete Floor: 1
Unit 1 Info
Unit #: 1
Approx SF: 1500
# Rooms: 6
Monthly Rent: 0
# 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
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
Sold Price: $320,500
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 Vincent Rodriguez-Douglas
Last Updated: July - 25 - 2026
Information deemed reliable but not guaranteed.
