2-Unit Multifamily
New
For Sale
$395,000
188-192 High St, Wilkes Barre, PA 18702
Multi-Family, Wilkes-Barre, PA
Property Size3,600 SF
Lot Size0.10 Acres
Price / SF$109.72
Days on Market5
Property Features for 188-192 High St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 7, Basement, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 8
Parking features
On Street
Exterior features
Vinyl
Basement
Concrete, Partially Finished
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From Blackman street turn left onto high street and property will be on right.
Subdivision
Wilkes Barre
Standard status
Active
APN
73-I9NE1-036-027
Size
3,600 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Tenant and Seller personal items
Tax Annual Amount
537
Legal Description
Tenant and Seller personal items
Utilities
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Roof type
Rubber
Listing Agency:
Antonik & Associates, Inc. Nanticoke
(570) 735-7494
Listed By:
Christi Skiro
(570) 262-6586
Added: Oct 28
Last Checked: Nov 1 at 3:06AM
MLS# 26-3856
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 multifamily property contains two residences with shared utilities and a combined 3,600 square feet of building area. The room list includes eight bedrooms and four bathrooms. Exterior details include vinyl siding and a rubber roof; heating is provided by hot water and baseboard systems.
The property occupies 0.0956 acres and has public water service. Parking is available on the street, and the zoning is designated Multi-Family.
The property occupies 0.0956 acres and has public water service. Parking is available on the street, and the zoning is designated Multi-Family.
Key Highlights
- 3,600 square feet of building area
- Two residences currently share utilities
- Room list includes 8 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,945
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,900
$538.9K
Cap Rate 7%
$384,929
$384.9K
Cap Rate 9%
$299,389
$299.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$53.1K $14.76/SF
− Vacancy
−$4.1K −$1.15/SF
EGI
$49.0K $13.61/SF
− OpEx
−$22.0K −$6.12/SF
NOI
$26.9K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,900
Cap Rate 7%
$384,929
Cap Rate 9%
$299,389
Alternative Uses
Best Use
Apartment 5plus
$384.9K
$336.8K – $449.1K
NOI $26,945 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
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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?
Multifamily property - The two residences share utilities, with a potential to separate them.
Where is this multifamily property located?
The property is located at 188-192 High St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,600 square feet of building area; Two residences currently share utilities; Room list includes 8 bedrooms and 4 bathrooms
