Two-Unit Duplex with
New
For Sale
$239,900
520 N Washington Street Wilkes-Barre, Wilkes Barre, PA 18705
Each residence has three bedrooms, one bathroom, and independent utilities.
Property Size1,796 SF
Days on Market7
Property Features for 520 N Washington Street Wilkes-Barre
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,944
Amenities
paved patio
Building Details
Building Size
1,796 SF
Listing Agency:
RPA Real Estate
Listed By:
Michael Ascolillo
(570) 606-7296
Source:
Luxehomesnepa
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 6:11AM
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 RPA Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with three bedrooms, one bathroom, living areas, a formal dining room, and a kitchen. Utilities are independent for each unit. A rear yard with a paved patio adds outdoor space to the property.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- Independent utilities for both units
- Living areas, formal dining rooms, and kitchens in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,494
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,880
$289.9K
Cap Rate 7%
$207,057
$207.1K
Cap Rate 9%
$161,044
$161.0K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$22.6K $12.60/SF
− Vacancy
−$1.9K −$1.07/SF
EGI
$20.7K $11.53/SF
− OpEx
−$6.2K −$3.46/SF
NOI
$14.5K $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%
$289,880
Cap Rate 7%
$207,057
Cap Rate 9%
$161,044
Alternative Uses
Best Use
Multifamily LT 5
$207.1K
$181.2K – $241.6K
NOI $14,494 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.1K
NOI $13,443 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,828 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one bathroom, and independent utilities.
Where is this duplex located?
The property is located at 520 N Washington Street Wilkes-Barre Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; Independent utilities for both units; Living areas, formal dining rooms, and kitchens in each residence
