312 Blackman Street, Wilkes-Barre, PA 18702 (MLS# 25-15)

312 Blackman Street, Wilkes-Barre, PA 18702

$239,000

Property Type: Residential Income Square Footage: 3,800 Status: Closed

Current Price: $239,000 List Date: 1/02/2025 Last Modified: 12/26/2025

Overview

Description

Bus/residential. 2-for-1 deal, corner lot, a prime addition to your Wilkes-Barre portfolio. Near Rts 309/81, two currently occupied units, space for owner occupant, parking. Est current cap rate yields just over 5%, at full occupancy could yield a cap rate of just over 10%. Perform due diligence & run your numbers. Two rents are estimated. Buyer to perform due diligence. Measurements approximate.

Supplements: Business/residential opportunity. A 2-for-1 deal, corner lot, a prime addition to your Wilkes-Barre portfolio. Located near routes 309/81, it features two currently occupied units, space for an owner occupant, parking. Est current cap rate yields just over 5%, at full occupancy could yield a cap rate of just over 10%. Perform due diligence & run yo ... (Read more)

Listing Details MLS# 25-15

Location, Tax & Legal

Street Number: 312
Street Name: Blackman
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: Other - See Remarks
PIN #: 73-l9NE4-032-012-000
DB/Record Book: 3021
Page: 238267
Total County Assmnt: 79200
Est County Tax: 473.25
Est Total Tax: 2950

Listing Information

Listing Contract Date: 2025-01-02

Property Information

Property Sub Type: Multi Family
Building Area Total: 3800
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 3
Parking: Off-Street
Realtor.COM Type: Multi-Family
Style: 3 or More Units

Remarks Directions

Directions: 309 to Blackman, property on the right.

Status Change Information

Purchase Contract Date: 2025-02-25
Close Date: 2025-03-14

Expenses

Annual Gross Income: 49800
Annual Electric Exp: 216
Annual Gas Exp: 3600
Annual Water Exp: 5400
Annual Sewer Exp: 1574
Annual Garbage Remvl: 800
Annual Real Est Tax: 2950.83
Annual Snow Removal: 800
Annual Other Misc: 1920
Total Annl Expenses: 20759.83
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 3499
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Anl Net Inc b/4 Debt: 26160

More Information

Appliances

# Ranges: 2
# Refrigerators: 3

Unit 1 Info

Unit #: Yes
# Rooms: 2
# Baths: Yes
Heat in Rent: Y
Hot Water in Rent: Y
Approx SF: 900
Monthly Rent: 1050
Kitchen Style: Semi-Modern
Lease: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 2 Info

Unit #: 2
Approx SF: 1200
# Rooms: 5
Monthly Rent: 1600
# Bedrooms: 3
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 3 Info

Unit #: 3
Approx SF: 850
# Rooms: 3
Monthly Rent: 900
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 4 Info

Unit #: 4
Approx SF: 650
# Rooms: 2
Monthly Rent: 600
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Remarks & Directions

Include: 2 Stoves, 3 Refrigerators.
Exclude: One Refridgerator and personal property.
Hot Sheet Comment: price

Heat Fuel Type

Gas: Yes

Interior Finish

Drywall: Yes
Paneling: Yes
Plaster: Yes

Heat Type

Hot Water Baseboard: Yes

Condition

Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Other - See Remarks: Yes

Sewer

Public: Yes

Roof

Rubber: Yes

Hot Water Heater

Gas: Yes

Basement

Other - See Remarks: Yes

Property Features

Heat Fuel Type: Gas Heat Type: Hot Water Baseboard AC Type: None Condition: Good Hot Water Heater: Gas

Listing Office: Simplicity Realty

Listing Agent: Candace Balmaceda

Last Updated: December - 26 - 2025

Broker Attribution: 570-855-6480

Information deemed reliable but not guaranteed.

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MLS Listing