Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    342-344 Main St Wilkes-Barre Township, PA 18702

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    342-344 Main St Wilkes-Barre Township, PA 18702

    View on Map
    • Commercial real estate
    • 4,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 342-344 Main St

    Property size
    4,500 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily property, located at 342-344 N Main St in Wilkes-Barre Township, Pennsylvania, 18702, presents a compelling investment opportunity. Priced at $499,000, this meticulously remodeled property boasts a total of 4,500 square feet and comprises two separate buildings. Its convenient location places it within easy reach of King's College, offering immediate access to a vibrant community and potential tenant pool. The property's turnkey status allows for immediate occupancy and rental income generation, eliminating the need for extensive renovations or repairs. The dual-building structure provides flexibility for various uses, catering to both homeowners seeking a multi-unit residence and investors aiming to maximize rental returns. This property is situated in Luzerne County, offering a stable market and strong potential for long-term appreciation. The address is precisely 342-344 N Main St, Wilkes-Barre Township, PA 18702, with GPS coordinates of 41.2528335 latitude and -75.8700269 longitude. This is a rare opportunity to acquire a well-maintained, high-potential multifamily property in a desirable location. The property's condition and location make it an attractive investment for both short-term and long-term financial goals.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes-Barre Township
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.87
    Latitude
    41.2528

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      34 Grant St

      APARTMENT HOUSE (5+ UNITS) • 0.11 Acres
      34 Grant St, Wilkes Barre, PA 18702-5954
      View Details
    • Value Estimation by Request
      0.12 Acres

      175 Riv St

      GARDEN APT, COURT APT (5+ UNITS) • 0.12 Acres
      175 Riv St, Wilkes Barre, PA 18702-2348
      View Details
    • Value Estimation by Request
      0.34 Acres

      78 Academy St

      APARTMENT HOUSE (5+ UNITS) • 0.34 Acres
      78 Academy St, Wilkes Barre, PA 18702-3819
      View Details
    • Value Estimation by Request
      0.23 Acres

      34 Barney St

      APARTMENT HOUSE (5+ UNITS) • 0.23 Acres
      34 Barney St, Wilkes Barre, PA 18702-3630
      View Details
    • Value Estimation by Request
      0.12 Acres

      260 Carey Ave

      APARTMENT HOUSE (5+ UNITS) • 0.12 Acres
      260 Carey Ave, Wilkes Barre, PA 18702-2132
      View Details
    • Value Estimation by Request
      0.15 Acres

      99 Maffett St

      APARTMENT HOUSE (5+ UNITS) • 0.15 Acres
      99 Maffett St, Wilkes Barre, PA 18702-1741
      View Details

    Similar Nearby for Sale

    • $209,900
      3,200 SF

      Spacious Duplex in Wilkes-Barre

      Large 3-bedroom duplex with rental upside in Wilkes-Barre.
      88-90 Marlboro Ave, Wilkes Barre, PA 18702
      View Details
    • $524,900
      3,095 SF

      Wilkes-Barre Multifamily Investment Opportunity

      Two fully occupied properties, a strategic investment for cash flow.
      681 Hazle St, Wilkes Barre, PA 18702
      View Details
    • $273,800
      2,520 SF

      Updated Duplex in Wilkes-Barre City

      Move-in ready 2-unit property, ideal for investors or owner-occupants.
      627 Carey Ave, Wilkes Barre, PA 18702
      View Details
    • $1,000,000
      7,200 SF

      Renovated Multifamily Investment Opportunity

      Turn-key, renovated 8-unit apartment building in Wilkes-Barre, Pennsylvania.
      2-4 S Empire St, Wilkes Barre, PA 18702
      View Details
    • $465,000
      4,207 SF

      Wilkes-Barre Multifamily Investment Opportunity

      Four-unit multifamily property in Wilkes-Barre with investment or owner-occupant potential.
      51-53 S Welles St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      5,100 SF

      Renovated Multifamily Property in Wilkes-Barre

      Five-unit property with income potential in Wilkes-Barre, Pennsylvania.
      273 New Hancock St, Wilkes Barre, PA 18702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,088 SF

      Retail Space Available For Rent

      2,200 square feet retail space for rent.
      695 Kidder St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Class A Office Suites Available

      Strategically located office suites available for lease in Plains Township.
      1065 Pennsylvania 315, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Walmart-Anchored Center

      Retail space available in high-traffic, Walmart-anchored shopping center.
      2238-2300 Wilkes Barre Township Blvd, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing
      14,931 SF

      Retail Space in Wilkes Barre

      Retail property available for lease in Wilkes Barre, Pennsylvania.
      272 East End Ctr, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Class A Office Space Available

      Superior office space for lease in Wilkes-Barre, Pennsylvania.
      613 Baltimore Dr, Wilkes Barre, PA 18702
      View Details
    • $9,814 /Mo
      33,650 SF

      Functional Industrial Space in Wilkes-Barre

      33,000 SF industrial space suitable for warehouse, manufacturing, office.
      373 High St, Wilkes Barre, PA 18702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342-344 Main St
    Wilkes-Barre Township, PA 18702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!