$1,200,000

1326 N Washington St Unit PORTFOLIO 3 BUILDING Wilkes Barre, PA 18705

Estimated payment $6,956/month

Total Views 2,374
15 Beds
7.5 Baths
11,000 Sq Ft
$109 Price per Sq Ft

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.

Listing Agent

Joshua Schoenberger

EXP Realty LLC Listed on: 10/31/2025

EXP Realty LLC

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,100

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 3
  • Year Built: 1981
  • LotSizeAcres: 0.29
  • Professional Management Expense: 6000.0
  • Co List Office Mls Id: EXPR2
  • Subdivision Name: Not in Development
  • Year Built Details: Unknown
  • PropertySubTypeAdditional: Apartment
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 15
  • Living Area: 11000.0
  • Stories: 3

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Patio
  • Property Condition: Unknown

Garage/Parking

  • Parking Features: Driveway, Detached, Garage, Off Street, Parking Lot, On Street

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Sewer: Public Sewer
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 22030.0
  • Annual Water Sewer Expense: 2800.0

Schools

  • Junior High Dist: Wilkes-Barre

Lot Info

  • Lot Size Sq Ft: 12632.0
  • Zoning: Mixed

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 480.0
  • Insurance Expense: 6000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 107870.0

Tax Info

  • Tax Annual Amount: 8100.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 767199

Greater Lehigh Valley REALTORS®