Townhome Multifamily
40 S HANCOCK ST Wilkes Barre, PA 18702
40 S HANCOCK ST, Wilkes Barre, PA, 18702
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For Sale
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Eight tenant-occupied townhomes across four parcels, each with 3 beds, 2 baths, and individually metered utilities.
Property Size10,400 SF
Price / SF$115.38
Days on Market77
Property Features for 40 S HANCOCK ST
General Information
- Standard status
- Active
- Size
- 10,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
ERA One Source Realty
(570) 510-5840
Listed by
Sunita Arora · License #RM061605A
Source
Crexi
Added: May 8 Updated: Jul 23 at 6:36AM Checked: Jul 23 at 6:36AM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This portfolio consists of eight townhouse-style rental units across four separate parcels. Each unit is configured with three bedrooms and two bathrooms, and all utilities are individually metered. The townhome layouts include private entrances and garage parking, and the units are currently tenant-occupied.
The units are spread across S. Hancock Street and Garnet Lane in Wilkes-Barre, PA, with all properties held under common ownership.
Given the uniform unit mix and established rental tenancy, this is a straightforward income-oriented multifamily package with townhouse-style living and individual utility billing.
The units are spread across S. Hancock Street and Garnet Lane in Wilkes-Barre, PA, with all properties held under common ownership.
Given the uniform unit mix and established rental tenancy, this is a straightforward income-oriented multifamily package with townhouse-style living and individual utility billing.
Key Highlights
- Eight tenant‑occupied townhomes across four parcels in Wilkes‑Barre, PA
- All units feature 3 bedrooms and 2 bathrooms
- Individually metered for all utilities
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 | $153.5k | $14.76 |
| − Vacancy | −$12.0k | −$1.15 |
| EGI | $141.5k | $13.61 |
| − OpEx | −$63.7k | −$6.12 |
| NOI | $77.8k | $7.48 |
10,400 SF · lease $14.76/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$973.0K – $1.30M
NOI $77,842 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,630 @ 7.0% cap · market cap 19.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight tenant-occupied townhomes across four parcels, each with 3 beds, 2 baths, and individually metered utilities.
Where is this apartment building located?
The property is located at 40 S HANCOCK ST Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Eight tenant‑occupied townhomes across four parcels in Wilkes‑Barre, PA; All units feature 3 bedrooms and 2 bathrooms; Individually metered for all utilities
