Side-by-Side Duplex with Tenant
For Sale
$290,000
Pending
326-328 New Hancock St, Wilkes Barre, PA 18702
Side-by-side duplex with tenant-occupied units and separate utilities, totaling seven bedrooms and three full baths.
Property Size3,000 SF
Days on Market239
Property Features for 326-328 New Hancock St
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Wychock Real Estate, LLC
Listed By:
Steven Rafael Betances Diaz · License #RS366056
(570) 582-3617
Source:
Baltimoreharfordhomesforsale
Added: Feb 26
Changed: Oct 1
Last Checked: Oct 20 at 10:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wychock Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex offers over 2,900 square feet of living space with a total of seven bedrooms and three full baths. Both units are currently tenant occupied and generate $2,900 per month in rental income, with separate utilities. A finished upper-level attic area provides additional space for storage, recreation, or other permitted uses.
The property is located in Luzerne County, in the Wilkes Barre City area (13773), within the Wilkes-Barre Area School District.
For sale as an investor or owner-occupant opportunity, the duplex provides two separate, tenant-occupied units with separate utilities and an added finished attic area for flexibility.
The property is located in Luzerne County, in the Wilkes Barre City area (13773), within the Wilkes-Barre Area School District.
For sale as an investor or owner-occupant opportunity, the duplex provides two separate, tenant-occupied units with separate utilities and an added finished attic area for flexibility.
Key Highlights
- Spacious side‑by‑side duplex with 2,900+ sq ft, featuring 7 bedrooms and 3 full baths
- Both units are tenant occupied and collect $2,900/month in rental income
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,211
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,220
$484.2K
Cap Rate 7%
$345,871
$345.9K
Cap Rate 9%
$269,011
$269.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.8K $12.60/SF
− Vacancy
−$3.2K −$1.07/SF
EGI
$34.6K $11.53/SF
− OpEx
−$10.4K −$3.46/SF
NOI
$24.2K $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%
$484,220
Cap Rate 7%
$345,871
Cap Rate 9%
$269,011
Alternative Uses
Best Use
Multifamily LT 5
$345.9K
$302.6K – $403.5K
NOI $24,211 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$320.8K
$280.7K – $374.2K
NOI $22,454 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 22.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,069
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with tenant-occupied units and separate utilities, totaling seven bedrooms and three full baths.
Where is this duplex located?
The property is located at 326-328 New Hancock St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Spacious side‑by‑side duplex with 2,900+ sq ft, featuring 7 bedrooms and 3 full baths; Both units are tenant occupied and collect $2,900/month in rental income; Separate utilities for each unit
