$279,900
Wilkes-Barre, PA 18702
MLS# 26-5161
2800 sqft
1 / 65
Property Description
Turnkey Two-Unit ready for its next owner! Projected 10.21% self-managed cap rate based on estimated full-market occupancy, with $36,000+ in projected annual gross rental income. The remodeled owner's side offers 3 bedrooms, 1.5 baths and a finished attic with potential for a 4th bedroom. The well-maintained tenant side features 4 bedrooms, 1.5 baths and is currently rented at $1,500/month.
Details
Listing Information
Limited Service: No
Current Price: $279,900
List Price: $279,900
List Date: 2026-10-06
Property Information
Realtor.COM Type: Multi-Family
Est Age Range: 76 - 100 Yrs
Lot Size: 4356
# Spaces off-Street: 2
Parking: Off-Street
Property Sub Type: Multi Family
Aprx Total SF: 2800
Location, Tax & Legal
Zoning: Multi-Family
PIN #: 73-H9SE1-016-003-000
DB/Record Book: 3022
Page: 179521
Total County Assmnt: 115200
Est County Tax: 742.97
Est Total Tax: 3298.8
Tax Year: 2026
House # (1): 220-222
Street Name: New Mallery
Street Suffix: Place
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: Tenant Unit Stove, Deep Freezer, Pool Table
Exclude: Owner & Tenants Personal Property- Tenants Fridge (1)
Hot Sheet Comment: new
Expenses
Annual Gross Income: 0
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 0
Annual Sewer Exp: 0
Annual Garbage Remvl: 0
Annual Real Est Tax: 0
Annual Fire/Liabilty: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Total Annl Expenses: 0
Anl Net Inc b/4 Debt: 0
Heat Fuel Type
Gas: 1
Interior Finish
Drywall: 1
Paneling: 1
Plaster: 1
Heat Type
Forced Air: 1
Condition
Very Good: 1
AC Type
None: 1
Water
Public: 1
Exterior
Vinyl: 1
Wood: 1
Sewer
Public: 1
Roof
Comp Shingle: 1
Basement
Concrete Floor: 1
MF Amenities
Patio: 1
Unit 1 Info
Unit #: 1
Approx SF: 1300
# Rooms: 6
Monthly Rent: 0
# Bedrooms: 3
Kitchen Style: Semi-Modern
# Baths: 2
Lease: N
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 #: 2
Approx SF: 1500
# Rooms: 7
Monthly Rent: 1500
# Bedrooms: 4
Kitchen Style: Semi-Modern
# Baths: 2
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 Riverside Dr-Turn Left onto Irving Pl- From Irving Pl Turn Right onto New Mallery Pl. Property on Left.
Status Change Information
Status: Active
Property Features
Heat Fuel Type: Gas
Heat Type: Forced Air
AC Type: None
Condition: Very Good
Exterior: Vinyl; Wood
Roof: Comp Shingle
Interior Finish: Drywall; Paneling; Plaster
Water: Public
Sewer: Public
Basement: Concrete Floor
MF Amenities: Patio
Supplements
Both units feature forced-air gas heat and separate utilities, along with off-street parking and separate backyard areas for each unit. The current setup offers immediate income from the occupied unit while giving the next owner flexibility to occupy the remodeled side or lease it at market rent. Photos of tenant occupied unit taken approx. 9 months ago prior to move in.
**Note on Showings- Owner Occupied Unit: 24 Hour Notice- After 5 PM weekdays, weekends flexible.**
**Check Additional Docs for estimated yearly expenses and pro forma analysis*
Listing Office: Dream Homes Real Estate LLC
Listing Agent: John Clawson
Last Updated: October - 06 - 2026
Information deemed reliable but not guaranteed.