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1326-1330-N Washington Street

WILKES BARRE, PA 18705
  • $1,200,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: PALU2002706
UPDATED: 30 min ago
$1,200,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:

Description

Want to own a cash-flowing, turnkey 4-building portfolio? Gross income of $129,900 and verified net income of $107,870 deliver a strong 9% cap rate across this fully renovated 8-unit mixed-use portfolio in Wilkes-Barre. This isnt a single structure"its a cohesive, income-producing property group offering diversified returns from multiple residential and commercial streams. The Seven residential units have been completely rebuilt with new kitchens, cabinetry, countertops, vanities, flooring, and paint. The garage has been renovated as an additional income source, all siding and roofs replaced, and 30+ new windows installed. Every safety, zoning, and code requirement has been met with full permits and a fresh certificate of occupancy. The commercial exterior was upgraded to match the residential work, creating a unified and professional appearance ideal for long-term tenant retention and community appeal. The financials include professional management and maintenance contracts, so the next owner inherits a seamless operation with dependable tenants and steady demand from new showings. This is a rare opportunity to acquire a stabilized, turnkey portfolio already optimized for consistent performance. With nine total income sources, modernized infrastructure, and immediate cash flow, this collection offers both yield and appreciation potential in one of Pennsylvanias fast-growing, affordable multifamily markets"an exceptional investment for any serious buyer.

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-12-08T10:53:28.923.
www.zimmermanteam.com/homes/169696520
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1326-1330-N Washington Street WILKES BARRE, PA 18705

  • Price: $1,200,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 30 min ago
  • ID#: PALU2002706
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1930
Built
Neighborhood:
Wilkes Barre City (13773)
County:
Luzerne
Area:
Wilkes Barre City (13773)
School District:
Wilkes-Barre Area
Property Description
Want to own a cash-flowing, turnkey 4-building portfolio? Gross income of $129,900 and verified net income of $107,870 deliver a strong 9% cap rate across this fully renovated 8-unit mixed-use portfolio in Wilkes-Barre. This isnt a single structure"its a cohesive, income-producing property group offering diversified returns from multiple residential and commercial streams. The Seven residential units have been completely rebuilt with new kitchens, cabinetry, countertops, vanities, flooring, and paint. The garage has been renovated as an additional income source, all siding and roofs replaced, and 30+ new windows installed. Every safety, zoning, and code requirement has been met with full permits and a fresh certificate of occupancy. The commercial exterior was upgraded to match the residential work, creating a unified and professional appearance ideal for long-term tenant retention and community appeal. The financials include professional management and maintenance contracts, so the next owner inherits a seamless operation with dependable tenants and steady demand from new showings. This is a rare opportunity to acquire a stabilized, turnkey portfolio already optimized for consistent performance. With nine total income sources, modernized infrastructure, and immediate cash flow, this collection offers both yield and appreciation potential in one of Pennsylvanias fast-growing, affordable multifamily markets"an exceptional investment for any serious buyer.
Exterior Features

Construction Materials BlockAluminum SidingAdvanced Framing Garage YN No Parking Features Private Parking Types DrivewayOn StreetOther Property Condition Excellent Roof Architectural Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11000.00 Cooling Window Unit(s) Flooring Hardwood Heating Hot Water Heating YN Yes Net Square Feet 11000.00

Property Features

Accessibility Features 2+ Access Exits Annual Gross Expense 22230.00 Central Air YN No Cooling Fuel Electric Electric Expense 480.00 Gross Income 129000.00 Heating Fuel Natural Gas Hot Water Electric Insurance Expense 6000.00 Lease Considered YN No Maintenance Expense 2000.00 Municipality WILKES BARRE CITY Navigable Water YN N Net Operating Income 107870.00 New Construction YN No Number Of Units Total 9 Operating Expense 22030.00 Operating Expense Includes InsuranceLandscapingManagement FeesParkingRepair/MaintenanceSewerSnow RemovalTrashWaterElectric Original MLSNumber 804296718758 Owner Pays Common Area MaintenanceInsuranceManagementSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 33092.00 Tax Lot 12A Total Actual Rent 129000.00 Trash Expense 900.00 Vacation Rental YN No Water Source Public Year Built Effective 2025 Zoning R

Listing courtesy of eXp Commercial: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-12-08T10:53:28.923.
 
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800 New Holland Ave Suite 271
Lancaster PA, 17602