Current Price:$465,000List Date:4/13/2026Last Modified:4/13/2026
Overview
Description
Great opportunity to acquire a 4-unit multifamily property in Wilkes-Barre. The building consists of two 2-bedroom units and two 4-bedroom units, Ideal for both seasoned investors looking to expand their portfolio or owner-occupants seeking to offset expenses with rental income.
Listing Details MLS# 26-1561
Location, Tax & Legal
House # (1)
51-53
Street Direction Pfx
S
Street Name
Welles
Street Suffix
Street
City (Post Office)
Kingston
State/Province
PA
Zip Code
18704
County
Luzerne
MLS Area
Wilkes Barre
School District
Wilkes-Barre
Municipality
Wilkes Barre City
Develop/Subdivision
None
Zoning
Multi-Family
PIN #
H10SW4014012
DB/Record Book
3024
Page
230678
Total County Assmnt
75000
Est County Tax
476.56
Est Total Tax
2955.77
Listing Information
Limited Service
No
Property Information
Property Sub Type
Multi Family
Realtor.COM Type
Multi-Family
Aprx Total SF
4207
Est Age Range
100 Plus Yrs
Garage Type
None
Parking
On-Street
Garage Stalls
No
# Spaces off-Street
0
Remarks Directions
Directions
Wilkes-Barre Blvd to Northampton Street. Left on S Welles. Building is on the left.
Expenses
Annual Gross Income
24000
Annual Electric Exp
2000
Annual Gas Exp
2000
Annual Water Exp
3800
Annual Sewer Exp
1200
Annual Real Est Tax
2955.77
Annual Fire/Liabilty
5000
Annual Other Misc
1000
Total Annl Expenses
17955.77
Anl Net Inc b/4 Debt
6044.23
Annual Othr Fuel Exp
0
Annual Garbage Remvl
0
Annual Flood Ins
0
Annual Lawn Maint.
0
Annual Snow Removal
0
More Information
Unit 1 Info
Unit #
Yes
Approx SF
672
# Rooms
4
Monthly Rent
1000
# Bedrooms
2
Kitchen Style
Semi-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 2 Info
Unit #
2
Approx SF
672
# Rooms
4
Monthly Rent
1000
# Bedrooms
2
Kitchen Style
Semi-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 3 Info
Unit #
3
Approx SF
1344
# Rooms
6
# Bedrooms
4
Kitchen Style
Semi-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
Monthly Rent
0
Unit 4 Info
Unit #
4
Approx SF
1344
# Rooms
6
# Bedrooms
4
Kitchen Style
Semi-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
Monthly Rent
0
Remarks & Directions
Hot Sheet Comment
new
Showing Instructions
Contact Showing Service - See Remarks
Yes
Heat Fuel Type
Electric
Yes
Interior Finish
Drywall
Yes
Plaster
Yes
Heat Type
Electric Baseboard
Yes
Condition
Good
Yes
AC Type
None
Yes
Water
Public
Yes
Exterior
Vinyl
Yes
Sewer
Public
Yes
Roof
Comp Shingle
Yes
Hot Water Heater
Electric
Yes
Basement
Unfinished
Yes
Property Features
Showing Instructions:Contact Showing Service - See RemarksHeat Fuel Type:ElectricHeat Type:Electric BaseboardAC Type:NoneCondition:GoodExterior:VinylRoof:Comp ShingleInterior Finish:Drywall; PlasterWater:PublicSewer:PublicHot Water Heater:ElectricBasement:Unfinished