Two-Unit Duplex with
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 Market6
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
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
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
Amenities
walk-up attic
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Laminate
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
Changed: Aug 30
Last Checked: Aug 31 at 12:06AM
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 1930 duplex contains 3,088 square feet across two residential units, with each side offering three bedrooms and one-and-a-half bathrooms. Both units include living and dining areas, kitchens, gas heat, and walk-up attic access that may provide additional living space. Hardwood and laminate flooring, gas ranges, and refrigerators are included. The property also has a basement, ceiling fans, a composition roof, and public water and sewer service.
Set on 0.15 acres at 76 1/2 S Main Street in Wilkes-Barre, the property provides off-street and on-street parking. Separate utilities serve the units, while the R1 zoning designation is identified in the property information. Local colleges, schools, dining, and transit are within walking distance.
Set on 0.15 acres at 76 1/2 S Main Street in Wilkes-Barre, the property provides off-street and on-street parking. Separate utilities serve the units, while the R1 zoning designation is identified in the property information. Local colleges, schools, dining, and transit are within walking distance.
Key Highlights
- Two‑unit duplex with 3,088 square feet of building area
- Each unit includes 3 bedrooms and 1.5 bathrooms
- Walk‑up attic access on both sides offers additional space
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
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, gas heating, and off-street parking support straightforward unit operations.
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‑unit duplex with 3,088 square feet of building area; Each unit includes 3 bedrooms and 1.5 bathrooms; Walk‑up attic access on both sides offers additional space
