Homes for sale - 1326 N Washington ST #PORTFOLIO 3 BUILDING, Luzern...

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Erica Rittenhouse

ericarittenhouse@gmail.com +1(610) 570-0448

$ 1,200,000

Est. payment | -/mo

15 Beds

8 Baths

11,000 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

15 Beds

8 Baths

11,000 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,000 sqft

Price per Sqft $109

Subdivision Not In Development

MLS Listing ID 767199

Bedrooms 15

Full Baths 7

Half Baths 1

Construction Status Unknown

HOA Y/N No

Year Built 1981

Annual Tax Amount $8,100

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Apartment

Property Description

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.

Location

State PA

County Luzerne

Area Luzerne County

Direction PA 115 n towards Wilkes Barre. continue to PA-309 n/ N cross valley Expy. Take exit 2 towards Wilkes Barre Keep right signs for plains. Slight right ont N washington st

Interior

Interior Features Balcony

Heating Baseboard, Electric, Gas

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

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

Water Access Desc Public

Porch Patio

Total Parking Spaces 12

Garage Yes

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Wilkes-Barre

Others

Senior Community No

Tax ID 73G10SE100612A000

Security Features Fire Escape

Special Listing Condition None

Listed by EXP Realty LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 570-0448

ericarittenhouse@gmail.com

1 S 3rd St, Easton, PA, 18042, United States

1326 N Washington ST #PORTFOLIO 3 BUILDING Luzerne, PA 18705