Multifamily Property with Rear
For Sale
$290,900
52 N Meade Street Wilkes-Barre, Wilkes Barre, PA 18702
Each unit has separate utilities, with updated building systems and off-street parking behind the property.
Property Size2,685 SF
Days on Market9
Property Features for 52 N Meade Street Wilkes-Barre
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,626
Amenities
off-street parking
Building Details
Building Size
2,685 SF
Listing Agency:
Christian Saunders Real Estate
Listed By:
Mariely Herrera · License #RS371147
(570) 704-8989
Source:
Luxehomesnepa
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 13 at 12:15AM
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 Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
This multifamily property has separate utilities for each unit, two new boilers, new water heaters, and updated electrical and plumbing systems. Off-street parking is located behind the building.
Shopping, restaurants, and schools are nearby, along with other local services.
Shopping, restaurants, and schools are nearby, along with other local services.
Key Highlights
- Separate utilities for each unit
- Two new boilers
- New water heaters and updated electrical and plumbing systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,669
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,380
$433.4K
Cap Rate 7%
$309,557
$309.6K
Cap Rate 9%
$240,767
$240.8K
Market Conditions
NOI Build-Up for 2,685 SF
Gross rent
$33.8K $12.60/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$31.0K $11.53/SF
− OpEx
−$9.3K −$3.46/SF
NOI
$21.7K $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%
$433,380
Cap Rate 7%
$309,557
Cap Rate 9%
$240,767
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$287.1K
$251.2K – $335.0K
NOI $20,097 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$850.6K
$744.3K – $992.4K
NOI $59,543 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Each unit has separate utilities, with updated building systems and off-street parking behind the property.
Where is this multifamily property located?
The property is located at 52 N Meade Street Wilkes-Barre 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: Separate utilities for each unit; Two new boilers; New water heaters and updated electrical and plumbing systems
