273-275 New Hancock Street, Wilkes Barre, PA 18702
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 4:06 am
Property Features for 273-275 New Hancock Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- None, Off Street
- Interior features
- Drywall
- Basement Y/N
- 1
- Standard status
- Active
- APN
- H10SW2011001, H10SW2011002
- Size
- 5,194 SF
Taxes and HOA fees
- Tax Annual Amount
- 2676.38
Utilities
- Heating system
- Baseboard, Electric (Heating), Hot Water (Heating), Natural Gas
- Cooling system
- None (Cooling)
Building Details
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Angelo Alba License #RS373485 (570) 905-7828
Listing office Jonathan J. Nelson Real Estate 9 N. Main Street, Pittston, PA (570) 212-9583
Listing date Jun 8, 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
- Fully remodeled 5‑unit apartment building
- Includes 5 bedrooms and 5 bathrooms across the units
- Basement included (Basement: Yes)
- Heating includes natural gas, electric heating, hot water heating, and baseboard
- Roof is shingle
- Off‑street parking available; parking also listed as none
Overview
The building is located at 273-275 New Hancock Street in Wilkes-Barre, Pennsylvania, within Luzerne County. The property is zoned for multi-family use, supporting its current apartment building structure.
For buyers seeking a small multifamily asset, this five-unit building provides a straightforward approach with renovations already in place and updated components intended to reduce near-term capital planning. The configuration supports steady day-to-day rental operations across multiple units, making it suitable for investors and owner-operators who want a maintained, upgraded property rather than a project. As presented, it aligns with tenants looking for modern interiors while offering an owner an already-refreshed building foundation for ongoing management.
Local Financial Insights For Apartment 5plus
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 | $76.7k | $14.76 |
| − Vacancy | −$6.0k | −$1.15 |
| EGI | $70.7k | $13.61 |
| − OpEx | −$31.8k | −$6.12 |
| NOI | $38.9k | $7.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilkes Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.868101
- Latitude
- 41.24466
