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73 Welles St S 6 Unit Apartment Building $550,000 ($91,667/Unit) 10.80% Cap Rate Wilkes-Barre, PA 18702
Investment Highlights
- Parking lot Included it with the property.
- Low operational costs
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $550,000 | Building Class | C |
| Price Per Unit | $91,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 7,455 SF |
| Cap Rate | 10.80% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-family | ||
| Price | $550,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 10.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,455 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 73-H10SW4-014-016 | Improvements Assessment | $0 (2026) |
| Land Assessment | $13,000 (2026) | Total Assessment | $13,000 (2026) |
Property Taxes
Parcel Number
73-H10SW4-014-016
Land Assessment
$13,000 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$13,000 (2026)
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73 Welles St S
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