Multifamily Building with Separate
New
For Sale
$290,900
52 N Meade Street, Wilkes Barre, PA 18702
Multi-Family, Wilkes-Barre, PA
Property Size1,620 SF
Lot Size0.05 Acres
Price / SF$179.57
Days on Market4
Property Features for 52 N Meade Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 5, Basement, Bedroom 6, Bedroom 3, Bathroom 1
Parking features
Off Street
Exterior features
Vinyl
Basement
Dirt Floor, Full
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From PA-309: Take the exit toward Casey Ave turn left onto E Northampton St turn right onto Hillside St turn right onto N Meade St. The property will be on the left.
Subdivision
Wilkes Barre
Standard status
Active
APN
73-H10SW4-006-051-000
Size
1,620 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
Personal properties
Tax Annual Amount
1626
Legal Description
Personal properties
Utilities
Heating system
Steam
Water source
Public
Amenities
off-street parking
separate utilities for each unit
Building Details
Roof type
Shingle
Listing Agency:
Christian Saunders Real Estate
(570) 335-9000
Listed By:
Mariely Herrera · License #RS371147
(570) 704-8989
Added: Oct 6
Last Checked: Oct 9 at 8:06AM
MLS# 26-5181
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 1,620-square-foot multifamily property has six bedrooms and two bathrooms. Recent work includes new electrical and plumbing systems, two boilers, water heaters, and updated interior finishes. Each unit has separate utilities, and the building is heated by steam. The property also has a shingle roof and vinyl exterior.
Off-street parking is available at the rear. Shopping, restaurants, and schools are nearby. The parcel measures 0.0537 acres and is zoned Multi-Family.
Off-street parking is available at the rear. Shopping, restaurants, and schools are nearby. The parcel measures 0.0537 acres and is zoned Multi-Family.
Key Highlights
- 1,620 square feet with six bedrooms and two bathrooms
- Separate utilities for each unit
- Two new boilers and new water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,125
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,500
$242.5K
Cap Rate 7%
$173,214
$173.2K
Cap Rate 9%
$134,722
$134.7K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$23.9K $14.76/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$22.0K $13.61/SF
− OpEx
−$9.9K −$6.12/SF
NOI
$12.1K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,500
Cap Rate 7%
$173,214
Cap Rate 9%
$134,722
Alternative Uses
Best Use
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,125 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
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
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?
Multifamily property - Individual utility service is provided for each unit, alongside updated building systems.
Where is this multifamily property located?
The property is located at 52 N Meade Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $290,900.
What are key features of this property?
This property features: 1,620 square feet with six bedrooms and two bathrooms; Separate utilities for each unit; Two new boilers and new water heaters
