57 W River Street, Wilkes-Barre

Wilkes-Barre, PA, 18702 · MLS #25-3301

$447,000

Sold August 2025

57 W River Street, Wilkes-Barre in Wilkes-Barre

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Approximate location · View larger map

Units

3,800

Building SF

$118

Per Sq Ft

Last List Price

$425,000

Sold For

$447,000

Against Asking

Sold 5.2% above asking

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About This Property

HIGHEST & BEST TODAY 7/14 BY 6 PM. This striking brick 3-unit property with a distinctive turret is ideally situated in a vibrant downtown neighborhood close to local colleges, shops, and restaurants. Perfect for owner-occupants or investors, the building offers charm, functionality, and income potential. First-floor unit was owner-occupied and features an updated kitchen with stainless steel appliances, hardwood floors, tile and central air conditioning. Second and third floors are rental units with strong income potential. Convenient off-street parking. Located in a historic district full of architectural character. Walkable to multiple college campuses and downtown amenities. This property combines historic charm with modern upgrades and a prime location ideal for anyone seeking a smart live-in investment or turnkey rental opportunity. HIGHEST & BEST DUE TODAY 7/14 BY 6 PM.

This property has sold and is no longer on the market. It sold for $447,000 in August 2025. Contact us for other recent sales nearby. Listed by eXp Realty- Scranton/Wilkes-Barre.

Property Details

The Property

Property Type: Residential Income
Sub-Type: Multi Family
Condition: Very Good

Interior

Basement: Concrete
Interior Features: Plaster
Included: 3 refrigerators, 3 stoves, 2 washer, 2 dryer

Systems

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

Exterior & Lot

Exterior: Brick
Roof: Composition
Lot Dimensions: .16 ac

Location

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

Costs & Listing

Annual Taxes: $5,337
Gross Income: $45,000
Net Operating Income: $31,584
Cap Rate: 7.43%
MLS #: 25-3301
Listed By: eXp Realty- Scranton/Wilkes-Barre

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