03
OCT
OCT
$550,000
Wilkes-Barre, PA 18702
MLS# 26-1976
5890 sqft
1 / 36
Property Description
Great opportunity to own a 6-unit multifamily property with an additional parking lot for added value and tenant convenience. Currently 5 of 6 units are occupied, offering immediate income with upside through lease-up. Tenants pay all utilities, except Unit 3 where landlord covers water and sewer. A strong value-add investment with room to increase cash flow in a solid rental market.
Details
Listing Information
Current Price: $550,000
List Price: $550,000
List Date: 2026-05-01
Limited Service: No
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 5890
Est Age Range: 76 - 100 Yrs
Lot Size: 8270
Garage Type: None
Location Legal Taxes
House # (1): 73
Street Direction Pfx: S
Street Name: Welles
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: None
Remarks Directions
Directions: Get on I-81 S in Dupont. Continue on I-81 S to Wilkes-Barre. Take exit 2 from PA-309 N
10 min (9.3 mi). Follow Wilkes-Barre Blvd to S Welles St
Status Change Information
Status: Active
Expenses
Annual Gross Income: 75960
Annual Electric Exp: 900
Annual Water Exp: 1392
Annual Sewer Exp: 346
Annual Real Est Tax: 9838
Annual Fire/Liabilty: 8160
Total Annl Expenses: 20636
Anl Net Inc b/4 Debt: 55324
Unit 1 Info
Unit #: 1
# Rooms: 4
Monthly Rent: 1135
# Bedrooms: 2
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: N
Unit 2 Info
Unit #: 2
# Rooms: 4
Monthly Rent: 1035
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Unit 3 Info
Unit #: 3
Monthly Rent: 995
# Bedrooms: 2
# 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 4 Info
Unit #: 4
Monthly Rent: 1095
# Bedrooms: 2
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Unit 5 Info
Unit #: 5
Monthly Rent: 1080
# Bedrooms: 2
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Unit 6 Info
Unit #: 6
Monthly Rent: 1080
# Bedrooms: 2
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Property Features
Heat Fuel Type: Gas
Heat Type: None
AC Type: None
Condition: Good
Exterior: Brick; Dryvit
Roof: Other - See Remarks
Interior Finish: Drywall; Plaster
Water: Public
Sewer: Public
Hot Water Heater: Gas
Basement: Full
Listing Office: Steel City Realty
Listing Agent: Jennifer de Jesus
Last Updated: May - 04 - 2026
Information deemed reliable but not guaranteed.
