16-18 Pershing Street, Wilkes-Barre

About This Property

A must-see investment opportunity with incredible returns! This fully renovated 3-Unit Multifamily packs a punch with an impressive 12.77% Cap Rate, offering instant cash flow and serious investment appeal, with the 2 currently Leased Units and the 3rd Vacant Unit rented at it's previous rate! With separate gas and electric for each apartment and only water and sewer on the landlord this property is a low-maintenance, high-performance addition to any investor's portfolio. Unit 1 is a bright, oversized 3-bedroom, 1-bathroom apartment featuring a sunny living room, formal dining room, laundry room, and both an enclosed back porch and welcoming front porch. It's vacant, spotless, and ready to rent fast thanks to it's unbeatable location, directly behind the local colleges and the main shopping district! Unit 2 is occupied and offers 2 bedrooms, 1 bathroom, a spacious living and dining room, an enclosed back porch, and a washer/dryer hook-up, clean, fresh and always in demand. Unit 3 is also occupied and showcases beautiful hardwood beams across the vaulted ceiling, a large 1-bedroom layout, 1 bathroom, an open living/dining room area, and a dedicated laundry room with washer and dryer hook-ups. Located in a quiet, desirable neighborhood with constant Tenant demand, this property is turn-key, income-producing, and bursting with potential. Don't wait, schedule your showing today. Opportunities like this don't stick around!

This property has sold and is no longer on the market. It sold for $320,500 in December 2025. Contact us for other recent sales nearby. Listed by Christian Saunders Real Estate.