For Sale
$799,000

40 Madison St Wilkes-Barre Township, PA 18702

Ten-unit apartment portfolio, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a ten-unit multifamily portfolio located in Wilkes-Barre, Pennsylvania. The portfolio comprises three buildings totaling 8,000 square feet, constructed in 1950 and featuring two stories each. The asking price is $799,000, translating to $99.88 per square foot. The portfolio includes three separate apartment building addresses: 40-42 Madison Street (two units), 43-45 Madison Street (three units), and 97-99 Mill Street (five units). Additionally, a vacant parcel of land at 256 N. Washington Avenue is included in this sale. Tenants are responsible for their own electric and gas utilities. This property offers a strong potential return on investment. Financial information and leases are available upon request with 24-hour advance notice. Proof of funds or a pre-approval letter is required for all showings. The property is situated in Luzerne County, Pennsylvania, with a zip code of 18702. The precise location is 41.2494922 latitude and -75.8739158 longitude. This portfolio represents a rare opportunity to acquire a substantial multifamily investment in a desirable location.

Highlights

  • Ten-unit multifamily portfolio in Wilkes-Barre, PA for $799,000.
  • Three buildings totaling 8,000 square feet, built in 1950.
  • Located at 40-42, 43-45 Madison St & 97-99 Mill St, Wilkes-Barre, PA 18702.
  • Includes a vacant lot at 256 N. Washington Ave.
  • $99.88 per square foot; strong ROI potential.

Property Details for 40 Madison St

Property type
Apartment buildings
Square Feet
8,000 SF
Year Built
1950
Buildings
3
Stories
2

Location Insight

City
Wilkes-Barre Township
County
Luzerne
State
Pennsylvania
Latitude
41.2494922
Longitude
-75.8739158

FAQs

What type of property is this?
Apartment building - Ten-unit apartment portfolio, excellent investment.
Where is the apartment building located?
The property is located at 40 Madison St Wilkes-Barre Township, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Ten-unit multifamily portfolio in Wilkes-Barre, PA for $799,000.; Three buildings totaling 8,000 square feet, built in 1950.; Located at 40-42, 43-45 Madison St & 97-99 Mill St, Wilkes-Barre, PA 18702.
How can I contact the broker?
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40 Madison St
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