220-222 New Mallery Place, Wilkes-Barre, PA 18702 (MLS# 26-5161)

220-222 New Mallery Place, Wilkes-Barre, PA 18702

New Listing

$279,900

Property Type: Residential Income Square Footage: 2,800 Status: Active

Current Price: $279,900 List Date: 10/06/2026 Last Modified: 10/11/2026

Overview

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.

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 month ... (Read more)

Listing Details MLS# 26-5161

Location, Tax & Legal

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

Listing Information

Limited Service: No

Property Information

Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 2800
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 2
Parking: Off-Street

Remarks Directions

Directions: From Riverside Dr-Turn Left onto Irving Pl- From Irving Pl Turn Right onto New Mallery Pl. Property on Left.

Unit 1 Info

Unit #: Yes
Approx SF: 1300
# Rooms: 6
# 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

More Information

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

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

Listing Office: Dream Homes Real Estate LLC

Listing Agent: John Clawson

Last Updated: October - 11 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing