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$425,000
MLS #25-5346

219 S Washington Street, Wilkes-Barre

Wilkes-Barre, PA, 18702
4
Baths
1,742
Building Square Footage

About This Property.

Excellent investment opportunity featuring a well-maintained mixed-use property with strong rental history and versatile commercial space. This building includes: Two spacious residential units, each offering 4 bedrooms and 2 full bathrooms. Both units are vacant and were previously rented to college students. A large ground-floor commercial space, formerly used as an event venue, ideal for a wide range of business uses retail, office, creative studio, or continued use as an event space (subject to zoning). This property is ideal for investors seeking a high-demand rental location, or an owner-operator looking to live onsite while running a business or collecting rent. Property Highlights: Two 4 bed / 2 bath residential units (one rented, one vacant) Proven rental history with student tenants. Flexible commercial unit with open layout. Strong income potential and upside. Prime location with great visibility. A rare chance to secure a multi-use building with built-in income and flexible future use. Seller willing to sell with 221 S Washington as a package for $500,000.

Property Details.

Location.

Area Demographics

Wilkes-Barre City
44,423
Population
$48,372
Median Household Income
51%
Owner Occupied
2.44
Average Household Size
Housing Tenure
51% Owner Occupied49% Renter
ZIP 18702
41,970
Population
$57,341
Median Household Income
60%
Owner Occupied
2.36
Average Household Size
Housing Tenure
60% Owner Occupied40% Renter
Luzerne County
327,675
Population
$64,452
Median Household Income
68%
Owner Occupied
2.35
Average Household Size
Housing Tenure
68% Owner Occupied32% Renter

Source - U.S. Census Bureau, American Community Survey Five-Year Estimates ('24).

Meet Our Agents.

Jonathan J. Nelson Real Estate