73 S Welles Street, Wilkes-Barre, PA 18702 (MLS# 26-1976)

73 S Welles Street, Wilkes-Barre, PA 18702

$550,000

Property Type: Residential Income Square Footage: 5,890 Status: Active

Current Price: $550,000 List Date: 5/04/2026 Last Modified: 6/29/2026

Overview

Description

Great opportunity to own a 6-unit multifamily property with an additional parking lot for added value and tenant convenience. Currently 4 of 6 units are occupied, offering immediate income with upside through lease-up. Tenants pay all utilities, except Unit 3 where landlord covers water and sewer. A strong value-add investment with room to increase cash flow in a solid rental market.

Listing Details MLS# 26-1976

Location, Tax & Legal

House # (1): 73
Street Direction Pfx: S
Street Name: Welles
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
Zoning: Residential
PIN #: 73-H10SW4-014-017
DB/Record Book: 3024
Page: 85376
Total County Assmnt: 155100
Est County Tax: 0
Est Total Tax: 0

Listing Information

Limited Service: No

Property Information

Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 5890
Est Age Range: 76 - 100 Yrs
Garage Type: None
Garage Stalls: No

Remarks Directions

Directions: Get on I-81 S in Dupont. Continue on I-81 S to Wilkes-Barre. Take exit 2 from PA-309 N 10 min (9.3 mi). Follow Wilkes-Barre Blvd to S Welles St

Expenses

Annual Gross Income: 75960
Annual Electric Exp: 900
Annual Water Exp: 1392
Annual Sewer Exp: 346
Annual Real Est Tax: 5755
Annual Fire/Liabilty: 8160
Total Annl Expenses: 16553
Anl Net Inc b/4 Debt: 59407
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0

More Information

Unit 1 Info

Unit #: Yes
# Rooms: 4
Monthly Rent: 1135
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 2 Info

Unit #: 2
# Rooms: 4
Monthly Rent: 1035
# Bedrooms: 2
Kitchen Style: Ordinary
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 3 Info

Unit #: 3
Monthly Rent: 995
# Bedrooms: 2
# 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 4 Info

Unit #: 4
Monthly Rent: 1095
# Bedrooms: 2
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 5 Info

Unit #: 5
Monthly Rent: 1080
# Bedrooms: 2
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 6 Info

Unit #: 6
Monthly Rent: 1080
# Bedrooms: 2
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Remarks & Directions

Hot Sheet Comment: new

Heat Fuel Type

Gas: Yes

Interior Finish

Drywall: Yes
Plaster: Yes

Heat Type

None: Yes

Condition

Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Brick: Yes
Dryvit: Yes

Sewer

Public: Yes

Roof

Other - See Remarks: Yes

Hot Water Heater

Gas: Yes

Basement

Full: Yes

Property Features

Heat Fuel Type: Gas Heat Type: None AC Type: None Condition: Good Exterior: Brick; Dryvit Roof: Other - See Remarks Interior Finish: Drywall; Plaster Water: Public Sewer: Public Hot Water Heater: Gas Basement: Full

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: June - 29 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing