Two-Unit
New
For Sale
$320,000
76 1/2 S Main Street, Wilkes Barre, PA 18705
Residential Income, Wilkes-Barre, PA
Property Size3,088 SF
Lot Size0.15 Acres
Price / SF$103.63
Days on Market5
Property Features for 76 1/2 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1
Parking
3
Parking features
Off Street, On Street
Basement
Full
Appliances
Gas Range, Refrigerator
Lot features
Rectangular Lot
Elementary school district
Wilkes-Barre Area
Middle school district
Wilkes-Barre Area
High school district
Wilkes-Barre Area
Directions
River St Plains to Carey St, right on Maffett, left on S Main St, home on the Right.
Standard status
Active
APN
50-G10SE1-001-003
Size
3,088 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
76 1/2 S Main St
Tax Annual Amount
2309
Legal Description
76 1/2 S Main St
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Laminate, Hardwood
Roof type
Composition
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Felipe Rosero Salazar · License #RS364807
(570) 914-8799
Added: Aug 26
Last Checked: Aug 30 at 1:06PM
MLS# SC264233
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,088-square-foot duplex contains two residences, with each side providing three bedrooms, one and a half baths, living and dining areas, and a kitchen. A walk-up attic adds additional storage or future-use flexibility, while the property also includes a basement. Interior finishes include laminate and hardwood flooring. Gas ranges and refrigerators are present, with steam heat powered by natural gas and ceiling fans for cooling.
Built in 1930 on a 0.15-acre lot, the property is zoned R1 and offers both off-street and on-street parking. Public water and public sewer serve the building. The address is within Wilkes-Barre, Pennsylvania, with the 18705 postal code.
Built in 1930 on a 0.15-acre lot, the property is zoned R1 and offers both off-street and on-street parking. Public water and public sewer serve the building. The address is within Wilkes-Barre, Pennsylvania, with the 18705 postal code.
Key Highlights
- Two residences with 3 bedrooms and 1.5 baths on each side
- 3,088 square feet on a 0.15‑acre lot
- Walk‑up attic and basement included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,921
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,420
$498.4K
Cap Rate 7%
$356,014
$356.0K
Cap Rate 9%
$276,900
$276.9K
Market Conditions
NOI Build-Up for 3,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.9K $12.60/SF
− Vacancy
−$3.3K −$1.07/SF
EGI
$35.6K $11.53/SF
− OpEx
−$10.7K −$3.46/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,420
Cap Rate 7%
$356,014
Cap Rate 9%
$276,900
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.4K
NOI $24,921 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$330.2K
$288.9K – $385.2K
NOI $23,113 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$978.3K
$856.0K – $1.14M
NOI $68,479 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
518
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, one and a half baths, and separately metered utilities.
Where is this duplex located?
The property is located at 76 1/2 S Main Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residences with 3 bedrooms and 1.5 baths on each side; 3,088 square feet on a 0.15‑acre lot; Walk‑up attic and basement included
