03
OCT
OCT
$755,000
Wilkes-Barre, PA 18705
MLS# 26-397
Status: Pending
6000 sqft
1 / 8
Property Description
Solid 10.9 CAP ! INVESTOR OPPORTUNITY Wilkes-Barre. Close to downtown, this 8-unit property ALSO includes 4 rented garages and coin-operated laundry, providing consistent extra revenue. Most tenants are on month-to-month leases, allowing flexibility to adjust rents to market value.
Details
Listing Information
Current Price: $755,000
List Price: $755,000
List Date: 2026-02-03
Limited Service: No
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 6000
Est Age Range: 76 - 100 Yrs
Lot Size: .12
Garage Stalls: 4
Garage Type: Detached
Parking: On-Street
Location Legal Taxes
House # (1): 50
Street Direction Pfx: E
Street Name: Chestnut
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18705
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: None
Remarks Directions
Directions: From N Main St WB turn onto E Chestnut go 2 blocks property is on the left
Status Change Information
Status: Pending
Under Contract Date: 2026-02-08
Expenses
Annual Gross Income: 99708
Annual Electric Exp: 2010
Annual Gas Exp: 3500
Annual Water Exp: 4447
Annual Sewer Exp: 1500
Annual Real Est Tax: 2697.72
Annual Fire/Liabilty: 3500
Total Annl Expenses: 17654.72
Anl Net Inc b/4 Debt: 82053.28
Appliances
# Ranges: 8
# Refrigerators: 8
Unit 1 Info
Unit #: 1
Approx SF: 1000
# Rooms: 5
Monthly Rent: 1100
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 2
Approx SF: 500
# Rooms: 3
Monthly Rent: 800
# Bedrooms: 1
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 3
Approx SF: 500
# Rooms: 3
Monthly Rent: 550
# Bedrooms: 1
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 4 Info
Unit #: 4
Approx SF: 1000
# Rooms: 4
Monthly Rent: 850
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Unit 5 Info
Unit #: 5
Approx SF: 1000
# Rooms: 4
Monthly Rent: 1200
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Unit 6 Info
Unit #: 6
Approx SF: 500
# Rooms: 3
Monthly Rent: 1028
# Bedrooms: 1
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Unit 7 Info
Unit #: 7
Approx SF: 500
# Rooms: 3
Monthly Rent: 750
# Bedrooms: 1
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 8 Info
Unit #: 8
Approx SF: 1000
# Rooms: 5
Monthly Rent: 1631
# Bedrooms: 3
Kitchen Style: Ordinary
# Baths: 1
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Property Features
Showing Instructions: Other - See Remarks
Heat Fuel Type: Electric; Gas
Heat Type: Electric Baseboard; Hot Water Baseboard
AC Type: None
Condition: Fair
Exterior: Aluminum
Roof: Comp Shingle; Rubber
Interior Finish: Drywall; Paneling; Plaster
Water: Public
Sewer: Public
Basement: Concrete Floor; Full
MF Amenities: Coin-Op Washer/Dryer; Dumpster; Porch; Other - See Remarks
Supplements
The landlord pays water, sewer, and heat on 2 units, while other tenants handle their own utilities. A dry basement offers extra storage space for tenants or management use.
With a current gross income of $99,708 and net income of $82,053 this well-maintained property provides solid returns today with clear upside potential. Conveniently located near downtown, shopping, and public transportation.
Highlights:
8-unit building with 10 cap rate
4 garages rented generating $400 pr month $4 ,800 pr year
Coin-operated laundry $120 pr mth
Dry basement with storage
Most tenants month-to-month - easy rent increases
Easy location for public transit
Seller has a second property for sale 10 unit fully renovated at 135 E. Main St Plymouth take a look for a package deal !
Tenant-occupied building 24-hour notice required for all showings.
Contact Candice today for your private showing!
Listing Office: eXp Realty- Scranton/Wilkes-Barre
Listing Agent: Candice Nulton-Farrell
Last Updated: February - 08 - 2026
Information deemed reliable but not guaranteed.
