03
OCT
OCT
$229,500
Luzerne, PA 18709
MLS# 26-1675
Status: Pending
2480 sqft
1 / 35
Property Description
Investor alert! Located in a highly desirable Luzerne neighborhood, this oversized 2-Unit Multifamily delivers serious cash flow with a projected 12.65% Cap Rate once the vacant Unit is leased at its previous rate. Each side offers a spacious 3-bedroom, 1-bathroom layout with strong rental demand. One Unit was just fully renovated with a brand-new stove, dishwasher and modern finishes, while the
Details
Listing Information
Current Price: $229,500
List Price: $229,500
List Date: 2026-04-17
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 2480
Est Age Range: 76 - 100 Yrs
Lot Size: 49x183
Parking: Off-Street
Location Legal Taxes
House # (1): 323
Street Name: Vaughn
Street Suffix: Street
City (Post Office): Luzerne
State/Province: PA
Zip Code: 18709
County: Luzerne
MLS Area: Kingston-Forty Fort-Swoyersville
School District: Wyoming Valley West
Municipality: Luzerne Boro
Develop/Subdivision: None
Remarks Directions
Directions: From Union St, turn right on Buckingham St, then turn right on Vaughn St. The property will be on the right side.
Status Change Information
Status: Pending
Under Contract Date: 2026-04-20
Expenses
Annual Gross Income: 32700
Annual Sewer Exp: 400
Annual Real Est Tax: 2356.34
Annual Fire/Liabilty: 900
Total Annl Expenses: 3656.34
Anl Net Inc b/4 Debt: 32700
Unit 1 Info
Unit #: 325
Approx SF: 1240
# Rooms: 6
Monthly Rent: 1200
# Bedrooms: 3
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 2 Info
Unit #: 323
Approx SF: 1240
# Rooms: 6
# Bedrooms: 3
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Property Features
Showing Instructions: Contact Showing Service - See Remarks
Heat Fuel Type: Electric
Heat Type: Electric Baseboard
AC Type: None
Condition: Good
Exterior: Vinyl; Wood
Roof: Comp Shingle
Interior Finish: Drywall
Water: Public
Sewer: Public
Basement: Concrete Floor
Supplements
second Unit was previously renovated and provides immediate income with upside potential. Tenants will love the open floor plans, large bedrooms, washer/dryer hookups, ceiling fans, front porches, plus a large yard and off-street parking, features that keep Units filled! Separate utilities across the board and electric heat mean low overhead and no furnace maintenance, keeping your expenses tight and your returns strong. Whether you're scaling your portfolio or locking in a high-yield first investment, this is a true money-maker. Opportunities like this don't sit, schedule your showing before it's gone!
Listing Office: Christian Saunders Real Estate
Listing Agent: Marc Rodriguez-Douglas
Last Updated: April - 22 - 2026
Information deemed reliable but not guaranteed.
