421 Main Street, Luzerne, PA 18709 (MLS# 26-464)

421 Main Street, Luzerne, PA 18709

$409,000

Property Type: Residential Income Square Footage: 4,550 Status: Closed

Current Price: $409,000 List Date: 3/14/2026 Last Modified: 6/02/2026

Overview

Description

Attention Investors! Current Cap Rate near 13% with over $50k net income! This income generating property features 5 residential units and one commercial garage unit featuring 4 garage bays equipped with newly replaced garage doors. Three of the residential units have been recently remodeled, along with the completion of a new back deck and stairs.

Supplements: Tenants pay own electric/electric heat in front 4 units in building one. The second structure in rear of the property (commercial garage & beautifully remodeled 2 BR apartment-- have their own natural gas furnace). All tenants also pay their own garbage. Landlord only pays water and sewer. This property is ready for a new owner that is looking to ... (Read more)

Listing Details MLS# 26-464

Location, Tax & Legal

House # (1): 421
Street Name: Main
Street Suffix: Street
City (Post Office): Luzerne
State/Province: PA
Zip Code: 18709
County: Luzerne
MLS Area: Kingston Surrounds
School District: Wyoming Valley West
Municipality: Luzerne Boro
Develop/Subdivision: None
Zoning: Other - See Remarks
PIN #: 41-F9SE4-002-002
DB/Record Book: 2690
Page: 875
Total County Assmnt: 135000
Est County Tax: 857.8
Est Total Tax: 3884.09
Tax Year: 2025

Listing Information

Limited Service: No

Property Information

Property Sub Type: Multiple Buildings
Realtor.COM Type: Multi-Family
Aprx Total SF: 4550
Est Age Range: 76 - 100 Yrs
Garage Stalls: 4
Garage Type: Detached
# Spaces off-Street: 8
Parking: Off-Street

Remarks Directions

Directions: Use GPS. Sign on property.

Status Change Information

Under Contract Date: 2026-03-20
Sold Date: 2026-06-02

Expenses

Annual Gross Income: 51300
Annual Electric Exp: 275
Annual Water Exp: 3200
Annual Sewer Exp: 1655
Annual Real Est Tax: 3884.09
Annual Fire/Liabilty: 2000
Total Annl Expenses: 11014.09
Anl Net Inc b/4 Debt: 40285.91
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Garbage Remvl: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0

More Information

Unit 1 Info

Unit #: Yes
Approx SF: 325
# Rooms: 2
Monthly Rent: 450
# Bedrooms: Yes
Kitchen Style: Semi-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: 650
# Rooms: 4
Monthly Rent: 600
# Bedrooms: 2
Kitchen Style: Semi-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: 700
# Rooms: 4
Monthly Rent: 1000
# 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: 425
# Rooms: 4
Monthly Rent: 750
# Bedrooms: Yes
Kitchen Style: Semi-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: 750
# Rooms: 4
Monthly Rent: 1000
# 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 6 Info

Unit #: 6
Approx SF: 1700
Monthly Rent: 1500
# 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

Exclude: Owner & Tenant's Personal Property
Hot Sheet Comment: new

Heat Fuel Type

Electric: Yes
Gas: Yes

Interior Finish

Drywall: Yes
Paneling: Yes

Heat Type

Electric Baseboard: Yes
Radiant: Yes

Condition

Very Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Aluminum: Yes
Block: Yes

Sewer

Public: Yes

Roof

Comp Shingle: Yes
Rubber: Yes

Hot Water Heater

Electric: Yes

Basement

Concrete Floor: Yes
Full Unfinished: Yes

Property Features

Heat Fuel Type: Electric; Gas Heat Type: Electric Baseboard; Radiant AC Type: None Condition: Very Good Exterior: Aluminum; Block Roof: Comp Shingle; Rubber Interior Finish: Drywall; Paneling Water: Public Sewer: Public Hot Water Heater: Electric Basement: Concrete Floor; Full Unfinished

Listing Office: Dream Homes Real Estate LLC

Listing Agent: John Clawson

Last Updated: June - 02 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing