$755,000
$755,000
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6,000 SqFt
SOLD DATE : 05/22/2026
Key Details
Sold Price $755,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $125
MLS Listing ID 26-397
Sold Date 05/22/26
Annual Tax Amount $2,697
Lot Size 6,000 Sqft
Lot Dimensions .12
Property Sub-Type Residential Income
Source Luzerne County Association of REALTORS®
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. 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!
Location
State PA
County Luzerne
Direction From N Main St WB turn onto E Chestnut go 2 blocks property is on the left
Rooms
Basement Full, Concrete Floor
Interior
Heating Gas, Hot Water Baseboard
Fireplace No
Building
Structure Type Aluminum Siding
New Construction No
Schools
School District Wilkes-Barre
Others
Tax ID 73-H10NW2-020-017
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