681 Hazle Street, Wilkes Barre, PA 18702
- Added:
- Jun 2, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 17 at 4:06 pm
Property Features for 681 Hazle Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Drywall
- Standard status
- Active
- APN
- 73-I9SE1-004-006
- Size
- 3,095 SF
Taxes and HOA fees
- Tax Annual Amount
- 5578.3
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Donald G Karpowich License #AB068940 (570) 788-5050
Listing office Park Place Properties Real Estate, LLC 24 South Hunter Highway, Drums, PA (570) 788-5050
Listing date Jun 2, 2026
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strategic acquisition: Two fully occupied properties side‑by‑side (4 units total).
- Immediate cash flow from fully occupied units.
- Opportunity for long‑term appreciation.
- Rare multi‑family assets in this condition and location.
- Multiple cooling systems (Multi Units, Window Unit(s)).
- Natural Gas heating.
Overview
The assets are located at 681 Hazle Street in Wilkes-Barre, Pennsylvania 18702, within Luzerne County. The listing is identified under residential zoning, aligning the property’s use with established local residential multifamily parameters.
For investors looking for scale without giving up the benefits of focused ownership, this structure can be an efficient way to add rental units in limited-supply conditions. Buyers seeking longer-term appreciation potential may also find the side-by-side setup useful for simplifying oversight and future strategy across both properties. This offering is best suited to participants comfortable evaluating multifamily income performance and operating decisions for a small, tightly grouped portfolio.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $12.60 |
| − Vacancy | −$3.3k | −$1.07 |
| EGI | $35.7k | $11.53 |
| − OpEx | −$10.7k | −$3.46 |
| NOI | $25.0k | $8.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilkes Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.896159
- Latitude
- 41.223217
