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Wilkes Barre PA | Luzerne County | Duplex
Starting Price: 145,000
Property Taxes: 372.99
2 Units: 2 Bed / 1 Bath Each
Unit 1 Rent: $600 (Mo-Mo Lease)
Unit 2 Rent: $1,150 (Projected)
1,872 Sq Ft
0.04 Acres
Long Term Rental
Baseboard Heating
2-Car Assigned Parking
Unfinished Full Basement
Public Water & Sewer
ARV: 225,000
Comps:
338-340 Washington Street, Freeland, PA 18224 - SOLD 240,000
746 N Washington Street, Wilkes Barre, PA 18705 - SOLD (AS-IS) 165,000
392-394 N Washington Street, Wilkes Barre, PA 18705 - SOLD (AS-IS) 191,000
+ Deal Summary:
This duplex investment opportunity in Wilkes-Barre, located in Luzerne County, offers a strong combination of immediate cash flow and value-add upside. Priced at $145,000 with extremely low annual taxes of just $372.99, the property features two 2-bed/1-bath units totaling 1,872 sq ft, making it ideal for long-term rental income. One unit is already occupied at $600/month (month-to-month), while the second unit has a projected rent of $1,150/month, giving investors the opportunity to quickly increase income and stabilize the asset. With an estimated ARV of $225,000, the deal is well supported by comparable sales up to $240,000, while even AS-IS comps range from $165,000 to $191,000, reinforcing the equity potential. Additional features like 2-car assigned parking, an unfinished full basement, and public utilities enhance tenant appeal and long-term value. With a flexible tenant situation, low holding costs, and strong rental demand, this property is well-suited for a profitable BRRRR, flip, or steady cash-flow investment.
*Remember, you miss 100% of the shots you don't take, so don’t hesitate to submit that offer!*
OCCUPANCY STATUS:
Unit 1: Occupied / Unit 2: Vacant
SHOWINGS AVAILABILITY:
Upon Request
SHOWING TYPE:
Instructions Will Be Provided
🏷️ Financing is Either Cash or Hard/Private Money*
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