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5-Unit Masonry Apartment Building
New
For Sale
$529,000

60 W South Street Wilkes-Barre, Wilkes Barre, PA 18701

The residential property combines masonry construction with off-street parking and a substantial carport area.

Property Size8,000 SF
Days on Market3

Property Features for 60 W South Street Wilkes-Barre

General Information

Standard status Active
Size 8,000 SF
Property subtype Multi Family

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $8,079

Building Details

Building Size 8,000 SF
Buildings 1
Construction masonry
Listing Agency: Berkshire Hathaway HomeServices Poggi, REALTORS
Listed By: Patrick T. Busch · License #RS137018A
Source: Luxehomesnepa
Added: Oct 4 Changed: Oct 6 Last Checked: Oct 6 at 2:33AM

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 Berkshire Hathaway HomeServices Poggi, REALTORS

Investment Insights

Based on property information with market context.

This five-unit apartment building at 60 W South Street is masonry construction and includes off-street parking and a large carport area. Two apartments are occupied at rents below market levels, while three are vacant.

The property is situated on the Wilkes University campus, with views of the campus. City attractions are accessible on foot or by bicycle.

Key Highlights

  • Five‑unit masonry apartment building
  • Two units occupied below market rent; three units vacant
  • Off‑street parking and a large carport area

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center Storage Facility Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,691
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The residential property combines masonry construction with off-street parking and a substantial carport area.
Where is this apartment building located?
The property is located at 60 W South Street Wilkes-Barre Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Five‑unit masonry apartment building; Two units occupied below market rent; three units vacant; Off‑street parking and a large carport area
More about this property
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