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6-Unit Multifamily with Parking Lot
For Sale
Contact for pricing
Pending

73 S WELLES ST, Wilkes Barre, PA 18702

Six-unit multifamily with an additional parking lot; five units are currently occupied and tenants pay most utilities.

Property SizeContact for details
Days on Market127

Property Features for 73 S WELLES ST

General Information

Standard status Pending
Class C
Property subtype Multifamily
Occupancy 83%
Investment Type Value Add

Additional Details

Multifamily Units 6

Building Details

Units 6
Tenancy Multi
Listing Agency: Steel City Realty
Listed By: Jennifer DeJesus · License #PA RM423820
Source: Crexi
Added: May 4 Changed: Aug 8 Last Checked: Jul 27 at 6:25AM

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 Steel City Realty

Investment Insights

Based on property information with market context.

This 6-unit multifamily property at 73 S Welles St, Wilkes Barre, PA includes an additional parking lot intended to support tenant convenience. Currently, 5 of the 6 units are occupied, providing immediate rental income with one unit available.

Tenants pay all utilities, except Unit 3, where the landlord covers water and sewer. The property’s current configuration and utility arrangement may be useful for investors or operators evaluating cash flow and occupancy.

If you’re reviewing multifamily options for acquisition, this asset offers a straightforward unit count and a built-in parking component, along with clear information on how utilities are handled across the individual units.

Key Highlights

  • 6‑unit multifamily property with an additional parking lot
  • 5 of 6 units currently occupied for immediate rental income
  • Tenants pay all utilities except Unit 3, where the landlord covers water and sewer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Home Appliance Store Catering Service Skin Care Clinic Furniture & Home Goods Acupuncture

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,791
Businesses Nearby

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

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 - Six-unit multifamily with an additional parking lot; five units are currently occupied and tenants pay most utilities.
Where is this apartment building located?
The property is located at 73 S WELLES ST Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 6‑unit multifamily property with an additional parking lot; 5 of 6 units currently occupied for immediate rental income; Tenants pay all utilities except Unit 3, where the landlord covers water and sewer
(484) 895-9005 Call to check price and availability
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