9-Unit Apartment Building with
60-64 W Union Street Wilkes-Barre, Wilkes Barre, PA 18701
For Sale
New
$749,900
Residents have access to on-site laundry and off-street parking behind the building.
Property Size5,760 SF
Days on Market5
Property Features for 60-64 W Union Street Wilkes-Barre
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Buildings
Listing Agency:
Century 21 Signature Properties
Listed By:
Josephina Lee Treslar
(570) 690-5332
Source:
Luxehomesnepa
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:50PM
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 Century 21 Signature Properties
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 9-unit residential building in Wilkes-Barre includes apartments that are predominantly 2-bedroom layouts. On-site laundry is equipped with 3 coin-operated washers and 3 dryers, and 12 private off-street parking spaces are located at the rear. The property is offered in as-is, where-is condition.
King's College is adjacent to the building, and Public Square is within walking distance.
King's College is adjacent to the building, and Public Square is within walking distance.
Key Highlights
- 9‑unit residential building with predominantly 2‑bedroom apartments
- 12 private off‑street parking spaces at the rear
- On‑site laundry with 3 coin‑operated washers and 3 dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,112
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,240
$862.2K
Cap Rate 7%
$615,886
$615.9K
Cap Rate 9%
$479,022
$479.0K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$85.0K $14.76/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$78.4K $13.61/SF
− OpEx
−$35.3K −$6.12/SF
NOI
$43.1K $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%
$862,240
Cap Rate 7%
$615,886
Cap Rate 9%
$479,022
Alternative Uses
Best Use
Apartment 5plus
$615.9K
$538.9K – $718.5K
NOI $43,112 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,734 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 18701, PA
4,658
Population
1,513
Households
3.1
Avg Household Size
27
Median Age
25%
College-Educated
87%
High-School Grad
0.5 sq mi
ZIP Area
9,316
Density / Sq Mi
$32,417
Median Household Income
$6,479
Median Earnings
$842
Median Rent
$245,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Luzerne County, PA
Properties on Market for Apartment buildings in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to on-site laundry and off-street parking behind the building.
Where is this apartment building located?
The property is located at 60-64 W Union Street Wilkes-Barre Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 9‑unit residential building with predominantly 2‑bedroom apartments; 12 private off‑street parking spaces at the rear; On‑site laundry with 3 coin‑operated washers and 3 dryers
