Fully Occupied
For Sale
$439,900
530-532 Carey Ave, Wilkes Barre, PA 18702
Residential income property near shopping, dining, major roadways, and everyday amenities.
Property Size3,500 SF
Price / SF$125.69
Days on Market90
Property Features for 530-532 Carey Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Listing Agency:
eXp NEPA
Listed By:
Team Jesicca Skoloda
(570) 237-0463
Source:
Nepahousehunt
Added: Aug 4
Changed: Oct 31
Last Checked: Oct 30 at 2:58PM
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 eXp NEPA
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 quadplex contains four residential units and is fully occupied, providing an existing income-producing configuration. The property encompasses 3,500 square feet at 530-532 Carey Ave in Wilkes-Barre, Pennsylvania.
The location offers access to shopping, dining, major roadways, and everyday amenities. Its four-unit layout and current occupancy make it a straightforward addition to a residential income property portfolio.
The location offers access to shopping, dining, major roadways, and everyday amenities. Its four-unit layout and current occupancy make it a straightforward addition to a residential income property portfolio.
Key Highlights
- Four‑unit residential income property
- Fully occupied configuration
- 3,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,246
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,920
$564.9K
Cap Rate 7%
$403,514
$403.5K
Cap Rate 9%
$313,844
$313.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$44.1K $12.60/SF
− Vacancy
−$3.7K −$1.07/SF
EGI
$40.4K $11.53/SF
− OpEx
−$12.1K −$3.46/SF
NOI
$28.2K $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%
$564,920
Cap Rate 7%
$403,514
Cap Rate 9%
$313,844
Alternative Uses
Best Use
Multifamily LT 5
$403.5K
$353.1K – $470.8K
NOI $28,246 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$374.2K
$327.5K – $436.6K
NOI $26,197 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.11M
$970.2K – $1.29M
NOI $77,616 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
748
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
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property near shopping, dining, major roadways, and everyday amenities.
Where is this quadplex located?
The property is located at 530-532 Carey Ave Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Four‑unit residential income property; Fully occupied configuration; 3,500 square feet
