03
OCT
OCT
$409,000
Luzerne, PA 18709
MLS# 26-464
Status: Closed
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: $405,125
Sold Price: $405,125
Listing Contract Date: 2026-02-09
Limited Service: No
Property Information
Property Sub Type: Multiple Buildings
Building Area Total: 4550
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 8
Parking: Off-Street
Location Legal Taxes
Street Number: 421
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18709
County: Luzerne
MLS Area Major: Kingston Surrounds
SchoolDistrict: Wyoming Valley West
Township: Luzerne Boro
Subdivision Name: None
Remarks Directions
Directions: Use GPS. Sign on property.
Status Change Information
Status: Closed
Purchase Contract Date: 2026-03-20
Close Date: 2026-06-02
Close Price: 405125
Expenses
Annual Gross Income: 51300
Annual Electric Exp: 275
Annual Water Exp: 3200
Annual Sewer Exp: 1655
Annual Real Est Tax: 3884.09
Total Annl Expenses: 11014.09
Unit 1 Info
Unit #: 1
# Rooms: 2
# Bedrooms: 1
# Baths: 1
Heat in Rent: N
Hot Water in Rent: N
Unit 2 Info
Unit #: 2
Unit 3 Info
Unit #: 3
Unit 4 Info
Unit #: 4
Unit 5 Info
Unit #: 5
Unit 6 Info
Unit #: 6
Property Features
Heat Fuel Type: Electric; Gas
Heat Type: Radiant
AC Type: None
Condition: Very Good
Exterior: Block
Hot Water Heater: Electric
Basement: 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: July - 25 - 2026
Information deemed reliable but not guaranteed.
