58-64 N Sherman Street, Wilkes-Barre, PA 18702 (MLS# 25-5649)
03
OCT
  • TradeMark Realty Group
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$1,150,000
58-64 N Sherman Street
Wilkes-Barre, PA 18702
MLS# 25-5649
Status: Closed
10473 sqft
58-64 N Sherman Street, Wilkes-Barre, PA 18702
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Property Description
The subject property is a 10-unit multifamily complex consisting of two well-maintained apartment buildings located in Wilkes-Barre, Pennsylvania—a stable, workforce-driven rental market in the heart of the Wyoming Valley. Each unit features two bedrooms and one full bathroom, offering an attractive and functional layout that appeals to long-term tenants and local renters alike.

Details
Listing Information
Current Price: $1,025,000
Sold Price: $1,025,000
Listing Contract Date: 2025-11-06
Limited Service: No
Property Information
Property Sub Type: Multi Family
Building Area Total: 10473
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 8
Parking: On-Street
Location Legal Taxes
Street Number: 58-64
Street Direction Prefix: N
Street Name: Sherman
Street Suffix: Street
State: PA
Postal Code: 18702
County: Luzerne
MLS Area Major: Wilkes Barre
SchoolDistrict: Wilkes-Barre
Township: Wilkes Barre City
Subdivision Name: None
Remarks Directions
Directions: From Coal st, turn right onto N Sherman St and the apartment buildings are on your right hand side. To enter the rear of the property, from Coal St, Turn right onto Carbon St & turn left into parking
Status Change Information
Status: Closed
Purchase Contract Date: 2025-11-15
Close Date: 2026-01-06
Close Price: 1025000
Expenses
Annual Gross Income: 124800
Annual Electric Exp: 500
Annual Sewer Exp: 2614.8
Annual Garbage Remvl: 4190.64
Annual Real Est Tax: 8220.48
Annual Other Misc: 477
Total Annl Expenses: 23027.08
Appliances
# Ranges: 10
# Refrigerators: 10
# Washer: 10
# Dryers: 10
# Microwave: 3
Unit 1 Info
Unit #: 58
# Rooms: 6
# Bedrooms: 2
# Baths: 1
Heat in Rent: N
Hot Water in Rent: N
Unit 2 Info
Unit #: 58
Unit 3 Info
Unit #: 60
Unit 4 Info
Unit #: 60
Unit 5 Info
Unit #: 62
Unit 6 Info
Unit #: 62
Unit 7 Info
Unit #: 64
Unit 8 Info
Unit #: 64
Unit 9 Info
Approx SF: 1047
Monthly Rent: 1200
Kitchen Style: Modern
Lease: Y
Electric in Rent: N
Property Features
Heat Fuel Type: Electric; Gas
Heat Type: Hot Water Baseboard
AC Type: None
Condition: Good
Exterior: Block; Brick
Hot Water Heater: Electric; Gas
Basement: Full Unfinished; Unfinished
MF Amenities: Dumpster
Supplements
The property has undergone significant capital improvements over the past five years, including some units with new plumbing, electrical systems, heating units, hot water heaters, and roofs, providing investors with peace of mind and minimal near-term maintenance exposure. Nine of the ten units have been completely renovated, showcasing modern finishes, updated kitchens and baths, and durable flooring, which supports strong rental demand and premium market rents. Tenants are responsible for all utilities except sewer and garbage, creating an efficient operating structure and reducing ownership expenses. With recent upgrades, stable occupancy, and opportunity to raise rents in a growing regional market, the property offers investors both reliable in-place income and future upside potential through continued rent optimization and value appreciation. Situated near major employment centers, educational institutions, and key transportation corridors including I-81 and Route 309, this offering represents a turnkey multifamily investment positioned for consistent cash flow in one of Northeastern Pennsylvania's most accessible and affordable submarkets

Listing Office: Wyoming Valley Real Estate

Listing Agent: Skyla Nealy

Last Updated: July - 25 - 2026

Information deemed reliable but not guaranteed.

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