Two-Unit Side-by-Side
New
For Sale
$250,000
390 S River St, Wilkes Barre, PA 18702
Two floors per unit, separate utility services, and basement laundry hookups support distinct household layouts.
Property Size2,550 SF
Price / SF$98.04
Days on Market4
Property Features for 390 S River St
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,722
Amenities
laundry hookups
backyard
Building Details
Buildings
1
Stories
2
Listing Agency:
Lawrence Real Estate L.L.C..
(570) 825-5263
Listed By:
Bentzion Chesney
(347) 331-5331
Source:
Exprealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:13PM
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 Lawrence Real Estate L.L.C..
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two units, each with four bedrooms and one bathroom arranged across two floors. The rooms are spacious, and the property totals 2,550 square feet. Separate utilities serve each unit, with gas furnaces located in the basement for heating. Basement laundry hookups are also provided, and the property includes a backyard.
The duplex is in Wilkes-Barre’s Historic Downtown residential district, less than two blocks from Wilkes University.
The duplex is in Wilkes-Barre’s Historic Downtown residential district, less than two blocks from Wilkes University.
Key Highlights
- Two side‑by‑side units, each with 4 bedrooms and 1 bathroom
- 2,550‑square‑foot property with two floors per unit
- Separate utility services for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,579
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,580
$411.6K
Cap Rate 7%
$293,986
$294.0K
Cap Rate 9%
$228,656
$228.7K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$32.1K $12.60/SF
− Vacancy
−$2.7K −$1.07/SF
EGI
$29.4K $11.53/SF
− OpEx
−$8.8K −$3.46/SF
NOI
$20.6K $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%
$411,580
Cap Rate 7%
$293,986
Cap Rate 9%
$228,656
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.2K – $343.0K
NOI $20,579 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,086 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$807.8K
$706.9K – $942.5K
NOI $56,549 @ 7.0% cap · market cap 22.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two floors per unit, separate utility services, and basement laundry hookups support distinct household layouts.
Where is this duplex located?
The property is located at 390 S River St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 4 bedrooms and 1 bathroom; 2,550‑square‑foot property with two floors per unit; Separate utility services for each unit
