40 S Hancock Street, Wilkes Barre, PA 18702
MULTI_FAMILY - Wilkes-Barre, PA
- Added:
- May 7, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 23 at 6:06 pm
Property Features for 40 S Hancock Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF
- Bedrooms
- 24
- Bathrooms
- 40
- Rooms
- Bathroom 29, Bathroom 16, Bedroom 20, Bathroom 6, Bathroom 36, Bedroom 18, Bedroom 6, Bedroom 3, Bathroom 22, Bathroom 20, Bedroom 17, Bathroom 8, Bathroom 19, Bathroom 1, Bathroom 21, Bedroom 10, Bedroom 14, Bathroom 14, Bathroom 32, Bedroom 2, Bedroom 22, Bathroom 10, Bathroom 25, Bathroom 5, Bathroom 9, Bedroom 19, Bathroom 31, Bathroom 37, Bathroom 24, Bathroom 35, Bathroom 30, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 23, Bedroom 16, Bathroom 12, Bathroom 15, Bathroom 38, Bedroom 5, Bedroom 11, Bathroom 39, Bedroom 12, Bathroom 40, Bathroom 2, Bathroom 3, Bathroom 18, Bathroom 23, Bathroom 26, Bathroom 33, Bedroom 15, Bathroom 28, Bathroom 7, Bedroom 24, Bathroom 11, Bathroom 34, Bathroom 27, Bathroom 4, Bedroom 21, Bathroom 13, Bathroom 17, Bedroom 9, Bedroom 1, Bedroom 13
- Exterior features
- Balcony
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 73-H10SW4-024-003
- Size
- 10,400 SF
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Brick, Vinyl Siding, Wood Siding
Listing agent Jacob W. Rosenstein License #RS369738 (570) 955-7338
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date May 7, 2026
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Eight‑unit townhouse portfolio across four parcels in Wilkes‑Barre, PA
- All units are 3 bed/2 bath with townhouse‑style layout, private entrances, and garage parking
- Individually metered for all utilities; public water and public sewer
- Units spread across S. Hancock Street and Garnet Lane, all under common ownership
- Tenant‑occupied with a stated strong occupancy history in an established Luzerne County rental neighborhood
- Built in 1970; features include balcony, electric heating, wall unit cooling, and electric water heater
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilkes Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.877229
- Latitude
- 41.239373
