380-384 S Franklin Street, Wilkes-Barre, PA 18702 (MLS# 25-1478)

380-384 S Franklin Street, Wilkes-Barre, PA 18702

$750,000

Property Type: Residential Income Square Footage: 6,000 Status: Closed

Current Price: $750,000 List Date: 3/04/2026 Last Modified: 7/25/2026

Overview

Description

Seize this rare opportunity to own a turnkey FULLY OCCUPIED 9-unit multifamily property in the heart of Wilkes-Barre, PA. Perfectly positioned for both seasoned and new investors, this property is a true cash-flowing asset from day one! Fully rehabbed in 2024 and very low operating expenses. LL pays water/sewer only. Tenants pay electric and trash.

Listing Details MLS# 25-1478

Location, Tax & Legal

House # (1): 380-384
Street Direction Pfx: S
Street Name: Franklin
Street Suffix: Street
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

Property Information

Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Aprx Total SF: 6000
Est Age Range: 16 - 20 Yrs

Remarks Directions

Directions: Head northwest on Academy St toward S Franklin St. Turn right onto S Franklin St. Destination will be on the right

Status Change Information

Under Contract Date: 2026-04-01
Sold Date: 2026-05-08

Expenses

Annual Gross Income: 100620
Annual Electric Exp: 1008
Annual Water Exp: 4998
Annual Real Est Tax: 6285
Annual Fire/Liabilty: 5685
Total Annl Expenses: 17976
Anl Net Inc b/4 Debt: 82644

More Information

Appliances

# Ranges: 9
# Refrigerators: 9

Unit 1 Info

Unit #: Yes
Approx SF: 700
# Rooms: 4
Monthly Rent: 800
# 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

Unit 2 Info

Unit #: 2
Approx SF: 900
# Rooms: 5
Monthly Rent: 900
# 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: 900
# Rooms: 5
Monthly Rent: 1050
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 4 Info

Unit #: 4
Approx SF: 700
# Rooms: 4
Monthly Rent: 800
# 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

Unit 5 Info

Unit #: 5
Approx SF: 1000
# Rooms: 6
Monthly Rent: 1200
# Bedrooms: 3
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 6 Info

Unit #: 6
Approx SF: 500
# Rooms: 2
Monthly Rent: 835
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 7 Info

Unit #: 7
Approx SF: 900
# Rooms: 5
Monthly Rent: 975
# 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 8 Info

Unit #: 8
Approx SF: 700
# Rooms: 4
Monthly Rent: 750
# 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

Unit 9 Info

Unit #: 9
Approx SF: 900
# Rooms: 5
Monthly Rent: 1075
# 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

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Electric Heat Type: Electric Baseboard AC Type: None Condition: Excellent Exterior: Brick Roof: Rubber Interior Finish: Drywall Water: Public Sewer: Public Basement: Full Unfinished

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: July - 25 - 2026

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing