38 Abbott Street, Plains

Plains, PA, 18705 · MLS #25-596

$501,555

Sold March 2025

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Approximate location · View larger map

Units

3,572

Building SF

$140

Per Sq Ft

Last List Price

$490,000

Sold For

$501,555

Against Asking

Sold 2.4% above asking

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About This Property

All modern 5-unit apartment building in excellent condition! Incredible opportunity for long term investment. Terrific Plains Township location close to all amenities. Apartments range from 1 to 3 bedrooms. Rear detached home offers garage in lower level for tenant use. Ample paved off-street parking. Building was extensively remodeled in 2015. Tenants are responsible for all utilities.

This property has sold and is no longer on the market. It sold for $501,555 in March 2025. Contact us for other recent sales nearby. Listed by Berkshire Hathaway HomeServices Poggi, REALTORS.

Property Details

The Property

Property Type: Residential Income
Sub-Type: Multiple Buildings
Condition: Very Good

Interior

Basement: Dirt Floor, Full Unfinished
Interior Features: Drywall, Plaster
Included: Appliances owned by the landlord, which include most already in place in the apartments.

Systems

Heating: Natural Gas, Baseboard
Water: Public
Sewer: Public Sewer

Exterior & Lot

Exterior: Vinyl Siding
Roof: Composition
Outdoor: Deck, Porch
Garage: 1 Car Detached
Lot Dimensions: 80 x 150

Location

County: Luzerne County
School District: Wilkes-Barre
Zoning: Residential

Costs & Listing

Annual Taxes: $3,826
Gross Income: $545,540
Net Operating Income: $46,001
Cap Rate: 9.39%
MLS #: 25-596
Listed By: Berkshire Hathaway HomeServices Poggi, REALTORS

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