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Wilkes barre 1 Multifamily Properties Offered at $1,700,000 in Wilkes Barre, PA
Executive Summary
Bulk sale or individual sale. All properties have updates inside with paint, flooring and appliances. All buildings are currently rented. There are 8 units total. 3 4 units, 2 3 units, 3 single family (,547 S Main St, 548 S Main St, and 553 S Main St). Parking across the street from walnut included. Garages rented at Northampton and Cleveland st. Cleveland has an extra lot. 547 is not on the list but included and is a vacant building. Sweet deal for the right buyer.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$184,608
|
| Other Income |
$600
|
| Vacancy Loss |
$3,000
|
| Effective Gross Income |
$182,208
|
| Taxes |
$28,800
|
| Operating Expenses |
$10,000
|
| Total Expenses |
$38,800
|
| Net Operating Income |
$143,408
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $184,608 |
| Other Income | |
|---|---|
| Annual | $600 |
| Vacancy Loss | |
|---|---|
| Annual | $3,000 |
| Effective Gross Income | |
|---|---|
| Annual | $182,208 |
| Taxes | |
|---|---|
| Annual | $28,800 |
| Operating Expenses | |
|---|---|
| Annual | $10,000 |
| Total Expenses | |
|---|---|
| Annual | $38,800 |
| Net Operating Income | |
|---|---|
| Annual | $143,408 |
Property Facts
| Price | $1,700,000 | Number of Properties | 5 |
| Price / SF | $445.49 / SF | Individually For Sale | 0 |
| Cap Rate | 8.24% | Total Building Size | 3,816 SF |
| Sale Type | Investment | Total Land Area | 0.09 AC |
| Status | Active |
| Price | $1,700,000 |
| Price / SF | $445.49 / SF |
| Cap Rate | 8.24% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 3,816 SF |
| Total Land Area | 0.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 555-557 S Main St, Wilkes Barre, PA 18701 | Multifamily | 3,816 SF | 1936 | - |
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Local Housing Now LLC
Wilkes barre
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