11-Unit Apartment
292 S Franklin Street Wilkes Barre, PA 18701
New
292 S Franklin Street, Wilkes Barre, PA, 18701
$679,000
For Sale
$679,000
MULTI_FAMILY - Wilkes-Barre, PA
Property Size6,800 SF
Lot Size0.20 Acres
Price / SF$99.85
Days on Market4
Property Features for 292 S Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Rooms
- Basement
- Parking
- 10
- Basement
- Unfinished
- Standard status
- Active
- APN
- H9SSE301800173
- Size
- 6,800 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7224
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 11
- Flooring type
- Wood, Carpet, Vinyl
- Building materials
- Brick, Wood Siding
- Roof type
- Wood, Composition
Listing Agency
ERA One Source Realty
(570) 587-9999
230 Northern Blvd., Clarks Summit, PA
Listed by
Sunita Arora · License #RM061605A
(570) 510-5840
Added: Jul 15 Checked: Jul 18 at 12:06 am
MLS# SC263448
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 multifamily property is configured as an 11-unit apartment building with a mix of studio and one-bedroom units. With zoning designated as Multi-Family, it presents a residential income opportunity for investors or operators seeking an established apartment asset.
The building is located at 292 S Franklin Street in Wilkes-Barre, Pennsylvania, near downtown services, shops, and schools, with proximity to Wilkes University noted in the public remarks.
The site size is listed at 0.2 acres, with an overall property size of 6,800 square feet. The offering is presented for sale as a single multifamily investment property.
The building is located at 292 S Franklin Street in Wilkes-Barre, Pennsylvania, near downtown services, shops, and schools, with proximity to Wilkes University noted in the public remarks.
The site size is listed at 0.2 acres, with an overall property size of 6,800 square feet. The offering is presented for sale as a single multifamily investment property.
Key Highlights
- 11‑unit multi‑family building with a mix of one‑bedroom and studio‑type apartments
- Built in 1930 with brick and wood siding construction materials
- Public water and public sewer services
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 | $100.4k | $14.76 |
| − Vacancy | −$7.8k | −$1.15 |
| EGI | $92.5k | $13.61 |
| − OpEx | −$41.6k | −$6.12 |
| NOI | $50.9k | $7.48 |
6,800 SF · lease $14.76/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$727.1K
$636.2K – $848.3K
NOI $50,897 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,797 @ 7.0% cap · market cap 22.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marts Center
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Eleven-unit multifamily property offering a mix of studio and one-bedroom apartments.
Where is this apartment building located?
The property is located at 292 S Franklin Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 11‑unit multi‑family building with a mix of one‑bedroom and studio‑type apartments; Built in 1930 with brick and wood siding construction materials; Public water and public sewer services
