50 E Chestnut Street, Wilkes-Barre

About This Property

Solid 10.9 CAP ! INVESTOR OPPORTUNITY Wilkes-Barre. Close to downtown, this 8-unit property ALSO includes 4 rented garages and coin-operated laundry, providing consistent extra revenue. Most tenants are on month-to-month leases, allowing flexibility to adjust rents to market value. The landlord pays water, sewer, and heat on 2 units, while other tenants handle their own utilities. A dry basement offers extra storage space for tenants or management use. With a current gross income of $99,708 and net income of $82,053 this well-maintained property provides solid returns today with clear upside potential. Conveniently located near downtown, shopping, and public transportation. Highlights:  8-unit building with 10 cap rate  4 garages rented generating $400 pr month $4 ,800 pr year  Coin-operated laundry $120 pr mth  Dry basement with storage  Most tenants month-to-month - easy rent increases  Easy location for public transit Seller has a second property for sale 10 unit fully renovated at 135 E. Main St Plymouth take a look for a package deal ! Tenant-occupied building  24-hour notice required for all showings. Contact Candice today for your private showing!

This property has sold and is no longer on the market. It sold for $695,000 in May 2026. Contact us for other recent sales nearby. Listed by eXp Realty- Scranton/Wilkes-Barre.