Duplex with Loft
New
For Sale
$199,000
344 Matson Avenue, Wilkes Barre, PA 18705
Multi-Family, Wilkes-Barre, PA
Property Size2,080 SF
Lot Size0.27 Acres
Price / SF$95.67
Days on Market2
Property Features for 344 Matson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 1
Parking features
Off Street
Exterior features
Wood
Basement
Concrete, Full
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From N Wilkes Barre Blvd or N Washington St turn onto George Ave. Turn left onto Scott St. Turn right onto Matson Ave. House on left
Subdivision
Wilkes Barre
Standard status
Active
APN
73-H10NE2-002-008-000
Size
2,080 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1967
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1920
Roof type
Rubber, Shingle
Listing Agency:
Classic Properties Kingston
(570) 718-4959
Listed By:
Darcy Lee Usavage · License #rs294254
(570) 239-0558
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 3:06AM
MLS# 26-5347
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.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,080 square feet, with loft bedrooms in both residences. Hardwood flooring and in-unit laundry are included in each unit. The property was built in 1920 and has baseboard and hot-water heating, along with a basement.
The 0.2744-acre parcel is zoned Residential and served by public water. Off-street parking is available.
The 0.2744-acre parcel is zoned Residential and served by public water. Off-street parking is available.
Key Highlights
- Two units, each with a loft bedroom
- 2,080 square feet on a 0.2744‑acre parcel
- Hardwood floors and in‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,786
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,720
$335.7K
Cap Rate 7%
$239,800
$239.8K
Cap Rate 9%
$186,511
$186.5K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$26.2K $12.60/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$24.0K $11.53/SF
− OpEx
−$7.2K −$3.46/SF
NOI
$16.8K $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%
$335,720
Cap Rate 7%
$239,800
Cap Rate 9%
$186,511
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.8K
NOI $16,786 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 23.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include hardwood floors and in-unit laundry, with off-street parking available.
Where is this duplex located?
The property is located at 344 Matson Avenue Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two units, each with a loft bedroom; 2,080 square feet on a 0.2744‑acre parcel; Hardwood floors and in‑unit laundry in both residences
