Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    292 Franklin St Wilkes Barre, PA 18701-1038

    • Apartment buildings
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US73-2563398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marts Center / Gym

    Property Details for 292 Franklin St

    Lot size
    0.21 lot acres
    Property type
    Apartment buildings
    APN
    73-H9SE3-018-001
    APU
    73H9SE3018001

    Description

    This exceptional investment opportunity presents a 12-unit apartment building ideally situated in Wilkes-Barre, Pennsylvania, at 292 S Franklin St, 18701. Built in 1930, this three-story building boasts 6,800 square feet on a 0.2-acre lot and offers a mix of one-bedroom and studio apartments. The property includes 10 parking spaces, a significant advantage in this location. Currently generating a gross annual income of $91,500, this property offers a compelling price per unit of $62,416.67 and a price per square foot of $110.15. Its convenient location near Wilkes University, downtown Wilkes-Barre, shops, and schools ensures high occupancy rates and strong rental demand. The property is zoned MF (Multifamily), making it suitable for continued operation as an apartment building. This well-maintained building represents a solid investment opportunity with significant potential for future growth and profitability. The asking price is $749,000. This is a turnkey operation ready for a new owner to step in and continue the success. Don't miss this chance to acquire a profitable multifamily property in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $315,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $290,000
      Mixed-Use
      $350,000
      Hospitality
      $350,000
      Educational
      $300,000
      Residential Income
      $385,000
      Energy
      $365,000
      Income-Based Land
      $290,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8913
    Latitude
    41.242
    CBSA code
    42540
    CBSA name
    SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,017
    $32,500
    $169,900
    $202,400
    -
    $32,500
    $169,900
    $202,400

    Comparable in this City

    • Value Estimation
      $210,000
      0.14 Acres

      69 Ross St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      69 Ross St, Wilkes Barre, PA 18701-1031
      View Details
    • Value Estimation
      $300,000
      0.18 Acres

      68 70th W Un St

      APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
      68 70th W Un St, Wilkes Barre, PA 18701
      View Details
    • Value Estimation
      $230,000
      0.14 Acres

      283 Washington St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      283 Washington St, Wilkes Barre, PA 18701-2808
      View Details
    • Value Estimation
      $480,000
      0.04 Acres

      152 Washington St

      APARTMENT HOUSE (5+ UNITS) • 0.04 Acres
      152 Washington St, Wilkes Barre, PA 18701-3220
      View Details
    • Value Estimation
      $525,000
      0.21 Acres

      18 Ross St

      APARTMENT HOUSE (5+ UNITS) • 0.21 Acres
      18 Ross St, Wilkes Barre, PA 18701-1529
      View Details
    • Value Estimation
      $3,890,000
      0.13 Acres

      17 Ross St

      APARTMENT HOUSE (5+ UNITS) • 0.13 Acres
      17 Ross St, Wilkes Barre, PA 18701-1505
      View Details

    Similar Nearby for Sale

    • $925,000
      5,800 SF

      Turn-Key Commercial Space Available

      Stunning 5,800 sq ft commercial space in prime location.
      88 S Franklin St, Wilkes Barre, PA 18701
      View Details
    • $730,000
      11,880 SF

      Downtown Wilkes-Barre Office Building

      Spacious commercial building in prime downtown location, adaptable to various uses.
      106-110 S Main St, Wilkes Barre, PA 18701
      View Details
    • $950,000
      20,727 SF

      Prime Wilkes-Barre Storefront

      20,727 SF Retail Space, High Visibility
      540 Main St, Wilkes-Barre, PA 18701
      View Details
    • $249,900
      1,200 SF

      Downtown Wilkes-Barre Restaurant For Sale

      Restaurant for sale in walking distance to Public Square.
      4 W Northampton St, Wilkes Barre, PA 18701
      View Details
    • $875,000
      20,727 SF

      Commercial Building on Main Street

      20,727 SF building on 1.98 acres with garage and office.
      540 S Main St, Wilkes Barre, PA 18701
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      18,000 SF

      Downtown Wilkes-Barre Commercial Space

      Shell space ready for custom build-out in downtown Wilkes-Barre.
      90 E Union St, Wilkes Barre, PA 18701
      View Details
    • $3 SF/Yr
      25,000 SF

      Wilkes-Barre Lower-Level Warehouse Rental

      Cost-effective, large-format storage with freight elevator access in Wilkes-Barre.
      90 E Union St, Wilkes Barre, PA 18701
      View Details
    • $11 SF/Yr
      6,000 SF

      First-Floor Office Suite with Amenities

      Adaptable office suite with amenities suitable for healthcare or medical users.
      90 E Union St, Wilkes Barre, PA 18701
      View Details
    • $9 SF/Yr
      6,400 SF

      Functional Warehouse Suite with Cooler

      Warehouse suite with cooler, loading docks, and freight elevator.
      90 E Union St, Wilkes Barre, PA 18701
      View Details
    • $3,000 /Mo
      5,800 SF

      Versatile Commercial Space with Amenities

      Third-floor suite with private rooms, sinks, and on-site parking.
      88 S Franklin St, Wilkes Barre, PA 18701
      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.
    292 Franklin St
    Wilkes Barre, PA 18701-1038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.