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164 N Washington Street, Wilkes-Barre, PA 18702

$432,800
Front Side Rear Meyers Lot Rear Meyers lot to Washington Lot Rear Building Rear - 1st Floor Backdoors Rear backdoors Rear Rear Front Front Front 3 Bedroom Student Rental Lease begins 06/01/2026 $1,750/mo + electric, gas & garbage Second Floor Kitchen Second Floor Kitchen Second Floor Kitchen Bedroom 1 Bedroom 2 Bedroom 3 /Living room Bedroom 3 /Living room Full Bath Approx 530 sq. ft. marketed for $1,000/mo + electricity & garbage Unit 1 Commercial Unit 1 Commercial Unit 1 Commercial Unit 1 Commercial Unit 1 Commercial Approx 550 sq. ft. marketed for $1,200/mo + electricity & garbage Unit 2 Commercial Unit 2 Commercial Unit 2 Commercial Efficiency - $750/mo + electricity and garbage Leased until 05/31/2026 Unit 1 Student Rental Unit 1 Rental - Kitchen Unit 1 Rental - Kitchen Unit 1 Rental - Kitchen IMG_8191 IMG_8192
Property Type: Commercial Sale Baths: 2 Square Footage: 2,430 Status: Active
Current Price: $432,800 List Date: 12/31/2025 Last Modified: 12/31/2025

Description

Mixed-Use Investment Opportunity Property offering four income units, with additional lot in the rear on Meyers Court. The building features two ground-floor commercial spaces with strong visibility and foot traffic, along with two student rental units providing consistent rental demand year after year.

Supplements: The commercial units are well-suited for a variety of retail, office, or service-based businesses, while the residential units are configured for student living with functional layouts and proximity to campusand amenities. This diversified asset provides multiple revenue streams. Ideal for investors seeking steady cash flow, long-term appreciation, and flexibility in tenant mix. Opportunities like this combining commercial exposure with reliable student housing are rarely available.

More Information MLS# 25-6400

Listing Information

Lease Price: 0 For Sale: Y Limited Service: No Current Price: $432,800 List Price: $432,800 List Date: 2025-12-31

Property Information

Realtor.COM Type: Commercial SqFt Office: 0 SqFt Warehouse: 0 Lot Size: 7,840 SQ. FT. Garage Stalls: 0 Year Built Age: 76 - 100 Yrs Stories: 2 Land SqFt: 7840 # Spaces Off-Street: 10 # of Docks: 0 Environmental Survey: N Property Sub Type: Mixed Use Aprx Total SF: 2430 Total Bathrooms: 2

Location, Tax & Legal

Add #2: 168 Zoning: Commercial PIN#: 73-H10SW1-021-032-000 & 73-H10SW1-021-056-000 DB/Record Book: 3021 Page: 318251 Appeal Pending: No Total County Assmnt: 63200 Est County Tax: 402 Est Total Tax: 2725 House # (1): 164 Street Direction Pfx: N Street Name: Washington Street Suffix: Street City (Post Office): Wilkes-Barre State/Province: PA Zip Code: 18702 MLS Area: Wilkes Barre County: Luzerne Municipality: Wilkes Barre City Develop/Subdivision: None School District: Wilkes-Barre

Remarks & Directions

Included: 2 Satellite Dishes, 2 Refrigerators, 2 Ovens, 2 Microwaves, 1 Stacked W/D, 1 Washer & 1 Dryer Excluded: Tenants Personal Belongings Hot Sheet Comment: new

Income & Expenses

Rental P/SF Gross: 4700 Annual Gross Inc: 56400 Sewer Exp: 1036 Water Exp: 305 R.E. Tax Expense: 2810 Fire Liab Ins Exp: 2116 Annual Tot Expenses: 6267 Ann Net B/4 Debt: 50133

Heat Fuel Type

Electric: 1 Gas: 1

Heat Type

Electric Baseboard: 1 Heat Pump: 1 Hot Water Baseboard: 1

Condition

Very Good: 1

AC Type

Wall Units: 1

Hot Water

Electric: 1

Water

Public: 1

Exterior

Vinyl: 1

Sewer

Public: 1

Roof

Comp Shingle: 1

Property Features

Basement: 1 Fencing: 1 Rest Rooms: 1 Smoke/Fire Alarm: 1

Present Use

Apartments: 1 Business: 1 Commercial: 1 Professional Offices: 1 Retail: 1 Vacant: 1

Ceiling Height

8'1' to 9': 1

Included in Sale

Land: 1 Building: 1 Existing Leases: 1

Electrical Service

200-399 Amps: 1

Remarks Directions

Directions: North St. to South on N. Washington. Property on Right

Status Change Information

Status: Active

Property Features

Heat Fuel Type: Electric; Gas Heat Type: Electric Baseboard; Heat Pump; Hot Water Baseboard AC Type: Wall Units Hot Water: Electric Water: Public Sewer: Public Exterior: Vinyl Condition: Very Good Roof: Comp Shingle Property Features: Basement; Fencing; Rest Rooms; Smoke/Fire Alarm Present Use: Apartments; Business; Commercial; Professional Offices; Retail; Vacant Ceiling Height: 8'1' to 9' Included in Sale: Land; Building; Existing Leases Electrical Service: 200-399 Amps
Listing Office: Wychock Real Estate, LLC
Listing Agent: Annamarie Conover
Last Updated: December - 31 - 2025
Information deemed reliable but not guaranteed.

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Specializing in residential and commercial sales, McDermott & McDermott Real Estate, Inc. services also include investment sales and property management. We are actively involved in turning the many bank-owned foreclosures back over to the hands of our communities.


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