03
OCT
OCT
$409,000
Luzerne, PA 18709
MLS# 26-464
4550 sqft
1 / 31
Property Description
Attention Investors! Current Cap Rate near 13% with over $50k net income! This income generating property features 5 residential units and one commercial garage unit featuring 4 garage bays equipped with newly replaced garage doors. Three of the residential units have been recently remodeled, along with the completion of a new back deck and stairs.
Details
Listing Information
Current Price: $409,000
List Price: $409,000
List Date: 2026-02-09
Limited Service: No
Property Information
Property Sub Type: Multiple Buildings
Realtor.COM Type: Multi-Family
Aprx Total SF: 4550
Est Age Range: 76 - 100 Yrs
Lot Size: .31 Acres
Garage Stalls: 4
Garage Type: Detached
# Spaces off-Street: 8
Parking: Off-Street
Location Legal Taxes
House # (1): 421
Street Name: Main
Street Suffix: Street
City (Post Office): Luzerne
State/Province: PA
Zip Code: 18709
County: Luzerne
MLS Area: Kingston Surrounds
School District: Wyoming Valley West
Municipality: Luzerne Boro
Develop/Subdivision: None
Remarks Directions
Directions: Use GPS. Sign on property.
Status Change Information
Status: Active
Expenses
Annual Gross Income: 51300
Annual Electric Exp: 275
Annual Water Exp: 3200
Annual Sewer Exp: 1655
Annual Real Est Tax: 3884.09
Annual Fire/Liabilty: 2000
Total Annl Expenses: 11014.09
Anl Net Inc b/4 Debt: 40285.91
Unit 1 Info
Unit #: 1
Approx SF: 325
# Rooms: 2
Monthly Rent: 450
# Bedrooms: 1
Kitchen Style: Semi-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 2 Info
Unit #: 2
Approx SF: 650
# Rooms: 4
Monthly Rent: 600
# Bedrooms: 2
Kitchen Style: Semi-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: 700
# Rooms: 4
Monthly Rent: 1000
# Bedrooms: 2
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 4 Info
Unit #: 4
Approx SF: 425
# Rooms: 4
Monthly Rent: 750
# Bedrooms: 1
Kitchen Style: Semi-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 5 Info
Unit #: 5
Approx SF: 750
# Rooms: 4
Monthly Rent: 1000
# 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 6 Info
Unit #: 6
Approx SF: 1700
Monthly Rent: 1500
# 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
Heat Fuel Type: Electric; Gas
Heat Type: Electric Baseboard; Radiant
AC Type: None
Condition: Very Good
Exterior: Aluminum; Block
Roof: Comp Shingle; Rubber
Interior Finish: Drywall; Paneling
Water: Public
Sewer: Public
Hot Water Heater: Electric
Basement: Concrete Floor; Full Unfinished
Supplements
Tenants pay own electric/electric heat in front 4 units in building one. The second structure in rear of the property (commercial garage & beautifully remodeled 2 BR apartment-- have their own natural gas furnace). All tenants also pay their own garbage. Landlord only pays water and sewer.
This property is ready for a new owner that is looking to make money from the day they have the keys in their hands! Don't let this one slip away.
Listing Office: Dream Homes Real Estate LLC
Listing Agent: John Clawson
Last Updated: March - 14 - 2026
Information deemed reliable but not guaranteed.
