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$550,000
MLS #26-2583

294 Scott Street, Wilkes-Barre

Wilkes-Barre, PA, 18702
5
Units
5,400
Building Square Footage

About This Property.

Discover the potential of this versatile 5-unit mixed-use property featuring four residential rental units and one commercial space. This income-producing property offers investors the opportunity to generate multiple streams of revenue. Currently, two residential units are vacant, providing an immediate opportunity for a new owner to increase cash flow through lease-up and rent optimization. through lease-up and rent optimization. The commercial space presents additional income potential and offers flexibility for a variety of uses, including retail, office, professional services, studio space, or other business ventures, subject to local zoning and municipal approvals. With excellent potential for increased revenue, the commercial unit adds another layer of value to this already attractive investment. Whether you're looking to expand your investment portfolio, establish a business location with rental income to offset expenses, or capitalize on a value-add opportunity, this property offers flexibility, multiple income streams, and significant growth potential. With two vacant units ready for occupancy and a commercial space poised for a variety of uses, investors will appreciate the opportunity to maximize returns and build long-term equity. All measurements and information are approximate and should be independently verified by buyers.

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