392-394 N Washington Street, Wilkes-Barre

About This Property

Value-Add Duplex with 3BR/1BA Per Side, Separate Utilities & Off-Street Parking - Prime Wilkes-Barre Opportunity! This is a rare chance to acquire a true side-by-side duplex with a classic layout, excellent rental fundamentals, and serious upside for investors or handy buyers alike. Each unit provides approximately 1,100 sq ft across three bedrooms and one full bath, with additional space in the walk-up attic and full basement (utilities inside, plus interior and exterior access). Tenants will appreciate separate entrances, covered front porches, small rear decks, and a shared backyard. Each side also enjoys off-street parking directly off the street - a big plus in this neighborhood. Importantly, utilities are already split: two gas boilers with separate gas meters and two separate electric meters, making this an ideal long-term hold with clean tenant accountability. While the property needs updates throughout, it has strong bones and a flexible footprint. With fresh flooring, paint, and kitchen/bath improvements, projected market rents for 3BR/1BA units in Wilkes-Barre run in the $1,200-$1,400/month range per side, creating excellent cash-flow potential once stabilized. Investors can also maximize value by finishing the walk-up attic or upgrading basements for added storage appeal. Centrally located near downtown Wilkes-Barre, major employers, shopping, and public transit, this duplex is positioned to attract steady tenant demand. Whether you're starting your portfolio, adding a value-add property to your pipeline, or planning to live in one side while renovating the other, this is a smart investment with room to grow. Call today to explore this value-priced, value-add opportunity!

This property has sold and is no longer on the market. It sold for $191,000 in September 2025. Contact us for other recent sales nearby. Listed by Redstone Run Realty.