Side-by-Side Duplex with Tenant
326-328 New Hancock Street Wilkes Barre, PA 18702
326-328 New Hancock Street, Wilkes Barre, PA, 18702
$290,000
Pending
For Sale
$290,000
Pending
Side-by-side duplex with tenant-occupied units and separate utilities, totaling seven bedrooms and three full baths.
Property Size3,000 SF
Days on Market43
Property Features for 326-328 New Hancock Street
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
Wychock Real Estate, LLC
(570) 582-3617
Listed by
Steven Rafael Betances Diaz · License #RS366056
(570) 582-3617
Source
Compass
Added: Jun 10 Updated: Jul 21 at 5:09AM Checked: Jul 22 at 9:01AM
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
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
Local Financial Insights For Multifamily LT 5
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 | $37.8k | $12.60 |
| − Vacancy | −$3.2k | −$1.07 |
| EGI | $34.6k | $11.53 |
| − OpEx | −$10.4k | −$3.46 |
| NOI | $24.2k | $8.07 |
3,000 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Street 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
