Two-Unit Duplex with Off-Street
New
For Sale
$249,900
170-172 Parrish Street, Wilkes Barre, PA 18702
Multi-Family, Wilkes-Barre, PA
Property Size2,774 SF
Lot Size0.13 Acres
Price / SF$90.09
Days on Market2
Property Features for 170-172 Parrish Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 9, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 8, Basement, Bedroom 5, Bedroom 1, Bathroom 3
Parking features
Off Street
Exterior features
Aluminum
Basement
Unfinished
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
Blackman st to a right onto brown st. Turn right onto Parrish. Home on the left.
Subdivision
Wilkes Barre
Standard status
Active
APN
73-I9NE1 -013-008-000
Size
2,774 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
1934
Utilities
Heating system
Steam
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Classic Properties - Mountaintop · Century 21 Real Estate
(570) 474-6307
Listed By:
Alfred Clemonts
(570) 371-9381
Added: Oct 18
Last Checked: Oct 19 at 7:06AM
MLS# 26-5415
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,774 square feet across two residences. One side has potential for five bedrooms and three bathrooms; the other has three bedrooms and one bathroom. The right side needs some updating. Exterior features include aluminum siding, and the roof is shingle. Steam heat and public water serve the property.
The 0.1251-acre parcel includes off-street parking for 3 to 4 cars.
The 0.1251-acre parcel includes off-street parking for 3 to 4 cars.
Key Highlights
- Two residences: one with potential for 5 bedrooms and 3 bathrooms, the other with 3 bedrooms and 1 bathroom
- 2,774 square feet on a 0.1251‑acre lot
- Off‑street parking for 3 to 4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,387
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,740
$447.7K
Cap Rate 7%
$319,814
$319.8K
Cap Rate 9%
$248,744
$248.7K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$35.0K $12.60/SF
− Vacancy
−$3.0K −$1.07/SF
EGI
$32.0K $11.53/SF
− OpEx
−$9.6K −$3.46/SF
NOI
$22.4K $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%
$447,740
Cap Rate 7%
$319,814
Cap Rate 9%
$248,744
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K
NOI $22,387 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$878.8K
$769.0K – $1.03M
NOI $61,516 @ 7.0% cap · market cap 24.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
765
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
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer different bedroom and bathroom configurations, with some updating needed on one side.
Where is this duplex located?
The property is located at 170-172 Parrish Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two residences: one with potential for 5 bedrooms and 3 bathrooms, the other with 3 bedrooms and 1 bathroom; 2,774 square feet on a 0.1251‑acre lot; Off‑street parking for 3 to 4 cars
