1326 Washington St Wilkes Barre, PA 18705-1840
- Investment properties
- 0.17 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1326 Washington St
- Lot size
- 0.17 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 73-G10SE1-006-012
- APU
- 73G10SE1006012
Description
Exceptional investment opportunity in Wilkes-Barre, Pennsylvania, awaits. This multifamily property, located at 1326-1328 N Washington St, 18705, comprises three buildings on a 0.17-acre lot, offering a total of 4,000 square feet. The property includes six apartment units, a commercial garage space, and a separate three-bedroom, two-bathroom single-family home, all situated on a single parcel. Built in 1950, the two-story structures are zoned for multi-family use. Each unit commands a price of $71,500, with an overall asking price of $429,000, translating to a price per square foot of $107.25. Tenants are responsible for their own gas and electric utilities. Serious inquiries only; proof of funds or a pre-approval letter is required for showings. A 24-hour notice is necessary for all showings, along with the release of financial and lease information. This property presents a strong potential for substantial returns. The convenient location in Wilkes-Barre, Pennsylvania, adds to its appeal. This is a turnkey investment ready for a new owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $280,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $275,000
- Mixed-Use
- $260,000
- Hospitality
- $245,000
- Educational
- $270,000
- Residential Income
- $300,000
- Energy
- $265,000
- Income-Based Land
- $325,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Wilkes Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.8451
- Latitude
- 41.2674
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA