16-18 Pershing Street, Wilkes-Barre, PA 18702 (MLS# 25-5917)

16-18 Pershing Street, Wilkes-Barre, PA 18702

$319,000

Property Type: Residential Income Square Footage: 4,000 Status: Closed

Current Price: $319,000 List Date: 11/20/2025 Last Modified: 1/23/2026

Overview

Description

A must-see investment opportunity with incredible returns! This fully renovated 3-Unit Multifamily packs a punch with an impressive 12.77% Cap Rate, offering instant cash flow and serious investment appeal, with the 2 currently Leased Units and the 3rd Vacant Unit rented at it's previous rate! With separate gas and electric for each apartment and only water and sewer on the landlord this property

Supplements: is a low-maintenance, high-performance addition to any investor's portfolio. Unit 1 is a bright, oversized 3-bedroom, 1-bathroom apartment featuring a sunny living room, formal dining room, laundry room, and both an enclosed back porch and welcoming front porch. It's vacant, spotless, and ready to rent fast thanks to it's unbeatable location, direc ... (Read more)

Listing Details MLS# 25-5917

Location, Tax & Legal

Street Number: 16-18
Street Name: Pershing
Street Suffix: Street
State: PA
Postal Code: 18702
County: Luzerne
MLS Area Major: Wilkes Barre
SchoolDistrict: Wilkes-Barre
Township: Wilkes Barre City
Subdivision Name: None
Zoning: Multi-Family
PIN #: 73-I10NW1-020-019-000
DB/Record Book: 03024
Page: 183631
Total County Assmnt: 106300
Est County Tax: 675.44
Est Total Tax: 4048.19

Listing Information

Listing Contract Date: 2025-11-19
Limited Service: No

Property Information

Property Sub Type: Multi Family
Building Area Total: 4000
Est Age Range: 76 - 100 Yrs
Realtor.COM Type: Multi-Family

Remarks Directions

Directions: Heading North on East Northampton St, make a Left onto Pershing St and the Property is on the Left side.

Status Change Information

Purchase Contract Date: 2025-12-02
Close Date: 2025-12-23

Expenses

Annual Gross Income: 48240
Annual Water Exp: 1200
Annual Sewer Exp: 870
Annual Real Est Tax: 4048.19
Annual Other Misc: 75
Total Annl Expenses: 7493.19
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Garbage Remvl: 0
Annual Fire/Liabilty: 1300
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Anl Net Inc b/4 Debt: 40746.81

More Information

Unit 1 Info

Unit #: Yes
# Rooms: 6
# Bedrooms: 3
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: N
Approx SF: 1500
Monthly Rent: 0
Kitchen Style: Modern
Lease: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 2 Info

Unit #: 2
Approx SF: 1300
# Rooms: 5
Monthly Rent: 1400
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 3 Info

Unit #: 3
Approx SF: 1200
# Rooms: 4
Monthly Rent: 1095
# Bedrooms: Yes
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Remarks & Directions

Include: (3) Stoves & (3) Refrigerators
Exclude: Tenant's Personal Property
Hot Sheet Comment: new

Showing Instructions

Contact Showing Service - See Remarks: Yes
Other - See Remarks: Yes

Heat Fuel Type

Gas: Yes

Interior Finish

Drywall: Yes

Heat Type

Forced Air: Yes
Steam: Yes

Condition

Very Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Vinyl: Yes

Sewer

Public: Yes

Roof

Comp Shingle: Yes

Basement

Concrete Floor: Yes

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Gas AC Type: None Condition: Very Good Exterior: Vinyl

Listing Office: Christian Saunders Real Estate

Listing Agent: Marc Vincent Rodriguez-Douglas

Last Updated: January - 23 - 2026

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing