Renovated 2-Unit
New
For Sale
$359,900
78-80 McLean Street, Wilkes Barre, PA 18702
Residential Income, Wilkes Barre, PA
Property Size3,244 SF
Lot Size0.09 Acres
Price / SF$110.94
Days on Market1
Property Features for 78-80 McLean Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 8, Bathroom 4, Basement, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 6
Parking features
On Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Kitchen Island, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
Basement
Full, Concrete, Block, Unfinished
Appliances
Gas Range, Refrigerator, Range Hood
Elementary school district
Wilkes-Barre Area
Middle school district
Wilkes-Barre Area
High school district
Wilkes-Barre Area
Subdivision
Wilkes Barre City
Standard status
Active
APN
73-I9NE4 -002-016-000
Size
3,244 SF
Lot size
0.09 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Description
Dev Lot 2 (.09Ac)
Tax Annual Amount
618
Legal Description
Dev Lot 2 (.09Ac)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
updated kitchens
new cabinetry
new countertops
new appliances
new flooring
first-floor laundry hookups
central heating and air conditioning
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Block, Shake Siding, Shingle Siding, Wood Siding
Roof type
Asphalt, Shingle
Architectural style
Colonial
Listing Agency:
Iron Valley Real Estate - Coal Region
Listed By:
Ana Rivas Romero
(570) 929-4873
Added: Nov 3
Last Checked: Nov 3 at 3:06PM
MLS# PM-146126
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,244 square feet across two residences, each with four bedrooms and two full bathrooms. Kitchen updates include cabinetry, countertops, and appliances; other features include new flooring, first-floor laundry hookups, and central heating and air conditioning. The kitchens have granite counters and an island. Both units are vacant and have separate utilities.
Built in 1950, the property sits on a 0.09-acre lot at 78-80 McLean Street in Wilkes-Barre. Public water and sewer serve the property, and parking is on street.
Built in 1950, the property sits on a 0.09-acre lot at 78-80 McLean Street in Wilkes-Barre. Public water and sewer serve the property, and parking is on street.
Key Highlights
- Two side‑by‑side units, each with 4 bedrooms and 2 full bathrooms
- 3,244 square feet on a 0.09‑acre lot
- Separate utilities; both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,180
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,600
$523.6K
Cap Rate 7%
$374,000
$374.0K
Cap Rate 9%
$290,889
$290.9K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$40.9K $12.60/SF
− Vacancy
−$3.5K −$1.07/SF
EGI
$37.4K $11.53/SF
− OpEx
−$11.2K −$3.46/SF
NOI
$26.2K $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 Rate 5%
$523,600
Cap Rate 7%
$374,000
Cap Rate 9%
$290,889
Alternative Uses
Best Use
Multifamily LT 5
$374.0K
$327.3K – $436.3K
NOI $26,180 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$346.9K
$303.5K – $404.7K
NOI $24,281 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.03M
$899.2K – $1.20M
NOI $71,939 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has four bedrooms, two full bathrooms, updated kitchens, and central heating and air conditioning.
Where is this duplex located?
The property is located at 78-80 McLean Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 4 bedrooms and 2 full bathrooms; 3,244 square feet on a 0.09‑acre lot; Separate utilities; both units are vacant
