Three-Unit Triplex with New
For Sale
$239,000
Pending
20-24 Grove Street, Wilkes Barre, PA 18702
Residential Income, Wilkes-Barre, PA
Property Size2,290 SF
Lot Size0.09 Acres
Days on Market49
Property Features for 20-24 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Alley
Patio and Porch features
Porch
Basement
Unfinished
Lot features
Rectangular Lot
Elementary school district
Wilkes-Barre Area
Middle school district
Wilkes-Barre Area
High school district
Wilkes-Barre Area
Directions
W-B Blvd to end onto abbott left onto grove
Standard status
Pending
APN
73-I9NE2-034-005
Size
2,290 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
24 Grove St
Tax Annual Amount
1687
Legal Description
24 Grove St
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Tile, Wood
Roof type
Shingle
Listing Agency:
RE/MAX Home Team · RE/MAX International
(570) 254-2244
Listed By:
Brittany Tuzze · License #RS360126
(570) 575-1077
Added: Aug 18
Changed: Sep 12
Last Checked: Oct 5 at 2:06PM
MLS# SC264078
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,290-square-foot triplex contains three residential units, each arranged with two bedrooms and one bathroom. The building dates to 1950 and has a new shingle roof, wood, tile, and vinyl flooring, along with electric heating. A basement, porch, and alley parking are also included.
Each unit has separately metered utilities, with occupants responsible for their own utility service. The property sits on a 0.09-acre lot and is served by public sewer. Multi-Family zoning supports its existing residential configuration. Exterior improvements are needed, providing a defined scope for future maintenance and curb-appeal work.
Each unit has separately metered utilities, with occupants responsible for their own utility service. The property sits on a 0.09-acre lot and is served by public sewer. Multi-Family zoning supports its existing residential configuration. Exterior improvements are needed, providing a defined scope for future maintenance and curb-appeal work.
Key Highlights
- Three‑unit property with three 2‑bedroom, 1‑bath apartments
- 2,290 square feet on a 0.09‑acre lot
- New shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,481
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,620
$369.6K
Cap Rate 7%
$264,014
$264.0K
Cap Rate 9%
$205,344
$205.3K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$28.9K $12.60/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$26.4K $11.53/SF
− OpEx
−$7.9K −$3.46/SF
NOI
$18.5K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,620
Cap Rate 7%
$264,014
Cap Rate 9%
$205,344
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,140 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$725.5K
$634.8K – $846.4K
NOI $50,783 @ 7.0% cap · market cap 21.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments have separate utilities, individual electric heat, and access to a shared porch.
Where is this triplex located?
The property is located at 20-24 Grove Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Three‑unit property with three 2‑bedroom, 1‑bath apartments; 2,290 square feet on a 0.09‑acre lot; New shingle roof
