312 Blackman Street, Wilkes-Barre, PA 18702

$239,000
Property Type: Residential Income Square Footage: 3,800 Status: Closed
Current Price: $239,000 List Date: 1/02/2025 Last Modified: 7/25/2026

Overview

Description

Bus/residential. 2-for-1 deal, corner lot, a prime addition to your Wilkes-Barre portfolio. Near Rts 309/81, two currently occupied units, space for owner occupant, parking. Est current cap rate yields just over 5%, at full occupancy could yield a cap rate of just over 10%. Perform due diligence & run your numbers. Two rents are estimated. Buyer to perform due diligence. Measurements approximate.

Supplements: Business/residential opportunity. A 2-for-1 deal, corner lot, a prime addition to your Wilkes-Barre portfolio. Located near routes 309/81, it features two currently occupied units, space for an owner occupant, parking. Est current cap rate yields just over 5%, at full occupancy could yield a cap rate of just over 10%. Perform due diligence & run yo ...

Listing Details MLS# 25-15

Location, Tax & Legal

House # (1)
312
Street Name
Blackman
Street Suffix
Street
City (Post Office)
Wilkes-Barre
State/Province
PA
Zip Code
18702
County
Luzerne
MLS Area
Wilkes Barre
School District
Wilkes-Barre
Municipality
Wilkes Barre City
Develop/Subdivision
None
Zoning
Other - See Remarks
PIN #
73-l9NE4-032-012-000
DB/Record Book
3021
Page
238267
Total County Assmnt
79200
Est County Tax
473.25
Est Total Tax
2950

Property Information

Property Sub Type
Multi Family
Realtor.COM Type
Multi-Family
Style
3 or More Units
Aprx Total SF
3800
Est Age Range
76 - 100 Yrs
# Spaces off-Street
3
Parking
Off-Street

Remarks Directions

Directions
309 to Blackman, property on the right.

Status Change Information

Under Contract Date
2025-02-25
Sold Date
2025-03-14

Expenses

Annual Gross Income
49800
Annual Electric Exp
216
Annual Gas Exp
3600
Annual Water Exp
5400
Annual Sewer Exp
1574
Annual Garbage Remvl
800
Annual Real Est Tax
2950.83
Annual Fire/Liabilty
3499
Annual Snow Removal
800
Annual Other Misc
1920
Total Annl Expenses
20759.83
Anl Net Inc b/4 Debt
26160
Annual Othr Fuel Exp
0
Annual Flood Ins
0
Annual Lawn Maint.
0

More Information

Appliances

# Ranges
2
# Refrigerators
3

Unit 1 Info

Unit #
Yes
Approx SF
900
# Rooms
2
Monthly Rent
1050
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
N
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 2 Info

Unit #
2
Approx SF
1200
# Rooms
5
Monthly Rent
1600
# Bedrooms
3
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 3 Info

Unit #
3
Approx SF
850
# Rooms
3
Monthly Rent
900
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
N
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 4 Info

Unit #
4
Approx SF
650
# Rooms
2
Monthly Rent
600
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Remarks & Directions

Include
2 Stoves, 3 Refrigerators.
Exclude
One Refridgerator and personal property.
Hot Sheet Comment
price

Heat Fuel Type

Gas
Yes

Interior Finish

Drywall
Yes
Paneling
Yes
Plaster
Yes

Heat Type

Hot Water Baseboard
Yes

Condition

Good
Yes

AC Type

None
Yes

Water

Public
Yes

Exterior

Other - See Remarks
Yes

Sewer

Public
Yes

Roof

Rubber
Yes

Hot Water Heater

Gas
Yes

Basement

Other - See Remarks
Yes

Property Features

Heat Fuel Type: Gas Heat Type: Hot Water Baseboard AC Type: None Condition: Good Exterior: Other - See Remarks Roof: Rubber Interior Finish: Drywall; Paneling; Plaster Water: Public Sewer: Public Hot Water Heater: Gas Basement: Other - See Remarks
Listing Office: Simplicity Realty
Listing Agent: Candace Balmaceda
Last Updated: July - 25 - 2026
Broker Attribution: 570-855-6480

Information deemed reliable but not guaranteed.