421 Main Street, Luzerne
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About This Property
Attention Investors! Current Cap Rate near 13% with over $50k net income! This income generating property features 5 residential units and one commercial garage unit featuring 4 garage bays equipped with newly replaced garage doors. Three of the residential units have been recently remodeled, along with the completion of a new back deck and stairs. Tenants pay own electric/electric heat in front 4 units in building one. The second structure in rear of the property (commercial garage & beautifully remodeled 2 BR apartment-- have their own natural gas furnace). All tenants also pay their own garbage. Landlord only pays water and sewer. This property is ready for a new owner that is looking to make money from the day they have the keys in their hands! Don't let this one slip away.
This property has sold and is no longer on the market. It sold for $405,125 in June 2026. Contact us for other recent sales nearby. Listed by Dream Homes Real Estate LLC.
Property Details
The Property
- Property Type
- Residential Income
- Sub-Type
- Multiple Buildings
- Condition
- Very Good
Interior
- Basement
- Concrete
- Interior Features
- Drywall, Paneling
Systems
- Heating
- Natural Gas, Radiant
- Water
- Public
- Sewer
- Public Sewer
Exterior & Lot
- Exterior
- Aluminum Siding, Block
- Roof
- Composition
- Garage
- 4 Car Detached
- Lot Dimensions
- .31 Acres
Location
- County
- Luzerne County
- School District
- Wyoming Valley West
- Zoning
- Other - See Remarks
Costs & Listing
- 2025 Taxes
- $3,884
- Gross Income
- $51,300
- Net Operating Income
- $40,286
- Cap Rate
- 9.85%
- MLS #
- 26-464
- Listed By
- Dream Homes Real Estate LLC
What Is Your Luzerne Home Worth?
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Other Sold Homes In Luzerne
- 258 Charles Street, Luzerne · Sold August 2026
- 286 Main Street, Luzerne · Sold August 2026
- 337 Walnut Street, Luzerne · Sold August 2026
- 837 Miller Street, Luzerne · Sold August 2026
- 941 Bennett Street, Luzerne · Sold August 2026
- 380 Walnut Street, Luzerne · Sold August 2026
- 735 Bennett Street, Luzerne · Sold July 2026
- 189 Sly Street, Luzerne · Sold July 2026