$1,150,000
Wilkes-Barre, PA 18702
MLS# 25-5649
Status: Closed
10473 sqft
1 / 109
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
Limited Service: No
Current Price: $1,150,000
List Price: $1,150,000
List Date: 2025-11-06
Property Information
Realtor.COM Type: Multi-Family
Est Age Range: 76 - 100 Yrs
Lot Size: See Private Remarks
Garage Stalls: 0
Garage Type: None
# Spaces off-Street: 8
Parking: On-Street
Property Sub Type: Multi Family
Aprx Total SF: 10473
Location, Tax & Legal
Zoning: Residential
PIN #: See Remarks - 3 PIN's
DB/Record Book: 3020
Page: 277792
Total County Assmnt: 271100
Est County Tax: 1722.59
Est Total Tax: 8220.48
House # (1): 58-64
Street Direction Pfx: N
Street Name: Sherman
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
Include: 10 Refrigerators, 10 Stoves, 10 Washers, 10 Dryers, 3 Microwaves.
Exclude: Seller and Tenant Personal Property. Dumpster.
Hot Sheet Comment: new
Expenses
Annual Gross Income: 124800
Annual Electric Exp: 500
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 0
Annual Sewer Exp: 2614.8
Annual Garbage Remvl: 4190.64
Annual Real Est Tax: 8220.48
Annual Fire/Liabilty: 5023.56
Annual Flood Ins: 0
Annual Lawn Maint.: 2000
Annual Snow Removal: 0
Annual Other Misc: 477
Total Annl Expenses: 23027.08
Anl Net Inc b/4 Debt: 101772.92
Heat Fuel Type
Electric: 1
Gas: 1
Interior Finish
Drywall: 1
Plaster: 1
Heat Type
Electric Baseboard: 1
Hot Water Baseboard: 1
Condition
Good: 1
AC Type
None: 1
Water
Public: 1
Exterior
Block: 1
Brick: 1
Sewer
Public: 1
Roof
Rubber: 1
Hot Water Heater
Electric: 1
Gas: 1
Basement
Concrete Floor: 1
Dirt Floor: 1
Full Unfinished: 1
Unfinished: 1
MF Amenities
Deck: 1
Dumpster: 1
Porch: 1
Appliances
# Ranges: 10
# Refrigerators: 10
# Washer: 10
# Dryers: 10
# Microwave: 3
Unit 1 Info
Unit #: 58
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 2 Info
Unit #: 58
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 3 Info
Unit #: 60
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1250
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 4 Info
Unit #: 60
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 5 Info
Unit #: 62
Approx SF: 1047
# Rooms: 6
Monthly Rent: 750
# 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: Y
Unit 6 Info
Unit #: 62
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 7 Info
Unit #: 64
Approx SF: 1047
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 8 Info
Unit #: 64
Approx SF: 1047
# Rooms: 6
Monthly Rent: 950
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 9 Info
Unit #: 605
Approx SF: 1047
# Rooms: 5
Monthly Rent: 1200
# Bedrooms: 2
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 10 Info
Unit #: 645
Approx SF: 1047
# Rooms: 5
Monthly Rent: 1250
# Bedrooms: 2
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
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
Under Contract Date: 2025-11-15
Sold Date: 2026-01-06
Property Features
Heat Fuel Type: Electric; Gas
Heat Type: Electric Baseboard; Hot Water Baseboard
AC Type: None
Condition: Good
Exterior: Block; Brick
Roof: Rubber
Interior Finish: Drywall; Plaster
Water: Public
Sewer: Public
Hot Water Heater: Electric; Gas
Basement: Concrete Floor; Dirt Floor; Full Unfinished; Unfinished
MF Amenities: Deck; Dumpster; Porch
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: February - 06 - 2026
Information deemed reliable but not guaranteed.