1326 N Washington St Unit PORTFOLIO 3 BUILDING Wilkes Barre, PA 18705
Estimated payment $6,956/month
Highlights
- Hot Property
 - Detached Garage
 - Patio
 - 0.29 Acre Lot
 - Brick or Stone Mason
 - Heating Available
 
About This Home
Want to own a cash-flowing, turnkey 4-building portfolio? Gross income of $129,900 and verified net income of $107,870 deliver a strong 9% cap rate across this fully renovated 8-unit mixed-use portfolio in Wilkes-Barre. This isn’t a single structure—it’s a cohesive, income-producing property group offering diversified returns from multiple residential and commercial streams. The Seven residential units have been completely rebuilt with new kitchens, cabinetry, countertops, vanities, flooring, and paint. The garage has been renovated as an additional income source, all siding and roofs replaced, and 30+ new windows installed. Every safety, zoning, and code requirement has been met with full permits and a fresh certificate of occupancy. The commercial exterior was upgraded to match the residential work, creating a unified and professional appearance ideal for long-term tenant retention and community appeal. The financials include professional management and maintenance contracts, so the next owner inherits a seamless operation with dependable tenants and steady demand from new showings. This is a rare opportunity to acquire a stabilized, turnkey portfolio already optimized for consistent performance. With nine total income sources, modernized infrastructure, and immediate cash flow, this collection offers both yield and appreciation potential in one of Pennsylvania’s fast-growing, affordable multifamily markets—an exceptional investment for any serious buyer.
Property Details
Home Type
- Condominium
 
Est. Annual Taxes
- $8,100
 
Year Built
- Built in 1981
 
Home Design
- Brick or Stone Mason
 - Vinyl Siding
 
Interior Spaces
- 11,000 Sq Ft Home
 - 3-Story Property
 
Bedrooms and Bathrooms
- 15 Bedrooms
 
Parking
- Detached Garage
 - Driveway
 - On-Street Parking
 - Parking Lot
 - Off-Street Parking
 
Additional Features
- Patio
 - Heating Available
 
Community Details
Overview
- 9 Units
 
Building Details
- Electric Expense $480
 - Gardener Expense $750
 - Insurance Expense $6,000
 - Maintenance Expense $2,000
 - Professional Management Expense $6,000
 - Water Sewer Expense $2,800
 - Operating Expense $22,030
 - Gross Income $129,900
 - Net Operating Income $107,870
 
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | 
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $1,200,000 | -- | $109 / Sq Ft | 
Source: Greater Lehigh Valley REALTORS®
MLS Number: 767199
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