1326 Washington StWilkes-Barre, PA 18705

Property Details for 1326 Washington St

Lot size

0.17 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

73-G10SE1-006-012

APU

73G10SE1006012

Description

Exceptional investment opportunity in Wilkes-Barre, Pennsylvania, awaits. This multifamily property, located at 1326-1328 N Washington St, 18705, comprises three buildings on a 0.17-acre lot, offering a total of 4,000 square feet. The property includes six apartment units, a commercial garage space, and a separate three-bedroom, two-bathroom single-family home, all situated on a single parcel. Built in 1950, the two-story structures are zoned for multi-family use. Each unit commands a price of $71,500, with an overall asking price of $429,000, translating to a price per square foot of $107.25. Tenants are responsible for their own gas and electric utilities. Serious inquiries only; proof of funds or a pre-approval letter is required for showings. A 24-hour notice is necessary for all showings, along with the release of financial and lease information. This property presents a strong potential for substantial returns. The convenient location in Wilkes-Barre, Pennsylvania, adds to its appeal. This is a turnkey investment ready for a new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,431,636

  6.5%

  $1,321,510

  7%

  $1,227,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,112

  Geo Method

  $967,537

• Alternative Use

  Use

  Valuation

  Residential

  $1,638,673

  Hospitality

  $1,501,016

  Educational

  $1,248,827

  Medical

  $1,291,776

  Retail

  $1,942,620

Location Insight

City

Wilkes Barre

County

Luzerne

State

Pennsylvania

Latitude

41.2674

Longitude

-75.8451

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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