50 E Chestnut Street, Wilkes-Barre, PA 18705 (MLS# 26-397)

50 E Chestnut Street, Wilkes-Barre, PA 18705

$755,000

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

Current Price: $755,000 List Date: 2/04/2026 Last Modified: 5/23/2026

Overview

Description

Solid 10.9 CAP ! INVESTOR OPPORTUNITY Wilkes-Barre. Close to downtown, this 8-unit property ALSO includes 4 rented garages and coin-operated laundry, providing consistent extra revenue. Most tenants are on month-to-month leases, allowing flexibility to adjust rents to market value.

Supplements: The landlord pays water, sewer, and heat on 2 units, while other tenants handle their own utilities. A dry basement offers extra storage space for tenants or management use. With a current gross income of $99,708 and net income of $82,053 this well-maintained property provides solid returns today with clear upside potential. Conveniently located n ... (Read more)

Listing Details MLS# 26-397

Location, Tax & Legal

Street Number: 50
Street Direction Prefix: E
Street Name: Chestnut
Street Suffix: Street
State: PA
Postal Code: 18705
County: Luzerne
MLS Area Major: Wilkes Barre
SchoolDistrict: Wilkes-Barre
Township: Wilkes Barre City
Subdivision Name: None
House # (2): 54
Zoning: Commercial
PIN #: 73-H10NW2-020-017
DB/Record Book: 3023
Page: 205191
Total County Assmnt: 185700
Est County Tax: 1179.96
Est Total Tax: 2697.72

Listing Information

Listing Contract Date: 2026-02-03
Limited Service: No

Property Information

Property Sub Type: Multi Family
Building Area Total: 6000
Est Age Range: 76 - 100 Yrs
Parking: On-Street
Realtor.COM Type: Multi-Family
Garage Stalls: 4
Garage Type: Detached

Remarks Directions

Directions: From N Main St WB turn onto E Chestnut go 2 blocks property is on the left

Status Change Information

Purchase Contract Date: 2026-02-08
Close Date: 2026-05-22

Expenses

Annual Gross Income: 99708
Annual Electric Exp: 2010
Annual Gas Exp: 3500
Annual Water Exp: 4447
Annual Sewer Exp: 1500
Annual Real Est Tax: 2697.72
Total Annl Expenses: 17654.72
Annual Othr Fuel Exp: 0
Annual Garbage Remvl: 0
Annual Fire/Liabilty: 3500
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 82053.28

More Information

Appliances

# Ranges: 8
# Refrigerators: 8

Unit 1 Info

Unit #: Yes
# Rooms: 5
# Bedrooms: 2
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: Y
Approx SF: 1000
Monthly Rent: 1100
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: 500
# Rooms: 3
Monthly Rent: 800
# Bedrooms: Yes
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 3 Info

Unit #: 3
Approx SF: 500
# Rooms: 3
Monthly Rent: 550
# Bedrooms: Yes
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 4 Info

Unit #: 4
Approx SF: 1000
# Rooms: 4
Monthly Rent: 850
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y

Unit 5 Info

Unit #: 5
Approx SF: 1000
# Rooms: 4
Monthly Rent: 1200
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 6 Info

Unit #: 6
Approx SF: 500
# Rooms: 3
Monthly Rent: 1028
# Bedrooms: Yes
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 7 Info

Unit #: 7
Approx SF: 500
# Rooms: 3
Monthly Rent: 750
# Bedrooms: Yes
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 8 Info

Unit #: 8
Approx SF: 1000
# Rooms: 5
Monthly Rent: 1631
# Bedrooms: 3
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Remarks & Directions

Include: 8 Refrigerators, 8 Stoves
Exclude: Tenants Property
Hot Sheet Comment: new

Showing Instructions

Other - See Remarks: Yes

Heat Fuel Type

Electric: Yes
Gas: Yes

Interior Finish

Drywall: Yes
Paneling: Yes
Plaster: Yes

Heat Type

Electric Baseboard: Yes
Hot Water Baseboard: Yes

Condition

Fair: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Aluminum: Yes

Sewer

Public: Yes

Roof

Comp Shingle: Yes
Rubber: Yes

Basement

Concrete Floor: Yes
Full: Yes

MF Amenities

Coin-Op Washer/Dryer: Yes
Dumpster: Yes
Porch: Yes
Other - See Remarks: Yes

Property Features

Heat Fuel Type: Electric; Gas Heat Type: Hot Water Baseboard AC Type: None Condition: Fair Basement: Full MF Amenities: Dumpster

Listing Office: eXp Realty- Scranton/Wilkes-Barre

Listing Agent: Candice Nulton-Farrell

Last Updated: May - 23 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing