380 S Franklin St Wilkes Barre, PA 18702
Estimated payment $4,740/month
About This Home
Seize this rare opportunity to own a turnkey FULLY OCCUPIED 9-unit multifamily property in the heart of Wilkes-Barre, PA. Perfectly positioned for both seasoned and new investors, this property is a true cash-flowing asset from day one! Fully rehabbed in 2024 and very low operating expenses. LL pays water/sewer only. Tenants pay electric and trash.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,285
Year Built
- Built in 1900
Home Design
- Brick or Stone Mason
Bedrooms and Bathrooms
- 15 Bedrooms
- 9 Full Bathrooms
Additional Features
- 3-Story Property
- Heating Available
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $1,008
- Insurance Expense $5,685
- Water Sewer Expense $4,998
- Operating Expense $17,976
- Gross Income $100,620
- Net Operating Income $82,644
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,465 | $63,000 | $15,000 | $48,000 |
| 2024 | $10,465 | $63,000 | $15,000 | $48,000 |
| 2023 | $10,465 | $63,000 | $15,000 | $48,000 |
| 2022 | $10,454 | $63,000 | $15,000 | $48,000 |
| 2021 | $10,454 | $63,000 | $15,000 | $48,000 |
| 2020 | $10,454 | $63,000 | $15,000 | $48,000 |
| 2019 | $10,417 | $63,000 | $15,000 | $48,000 |
| 2018 | $10,379 | $63,000 | $15,000 | $48,000 |
| 2017 | $10,342 | $63,000 | $15,000 | $48,000 |
| 2016 | -- | $63,000 | $15,000 | $48,000 |
| 2015 | -- | $63,000 | $15,000 | $48,000 |
| 2014 | -- | $63,000 | $15,000 | $48,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Price Changed | $800,000 | -3.0% | $133 / Sq Ft |
| 09/04/2025 09/04/25 | For Sale | $825,000 | 0.0% | $138 / Sq Ft |
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $825,000 | -2.9% | $138 / Sq Ft |
| 07/03/2025 07/03/25 | For Sale | $850,000 | 0.0% | $142 / Sq Ft |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/04/2025 06/04/25 | Price Changed | $850,000 | -5.6% | $142 / Sq Ft |
| 03/26/2025 03/26/25 | For Sale | $900,000 | -- | $150 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $630,000 | None Listed On Document | |
| Deed | $630,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Deed | $250,000 | None Available | |
| Deed | $120,000 | Bilbow Abstract Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $157,500 | Commercial |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 768360
APN: 73-H9SE4-010-001-000
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