292 S Franklin St - Apartments FOR SALE


Wilkes Barre, PA 18701
$695,000 USD
570-690-9687
292 S Franklin St, Wilkes Barre, PA for Sale
$695,000 USD
Apartments - FOR SALE
1/16
null | 11.05% Cap Rate

292 S Franklin St
Wilkes Barre, PA 18701


HIGHLIGHTS

  • Close to Wilkes University & Kings College
  • Close to colleges, hospitals, and public transit
  • Walkable downtown location

OVERVIEW

Welcome to 292 S Franklin St – a turnkey 11-unit apartment building situated in the heart of downtown Wilkes-Barre. This property offers a strong unit mix, stable occupancy, and significant upside potential through rental increases or value-add improvements. Located just blocks from King's College, Wilkes University, public transportation, restaurants, and major employers, the property benefits from consistent demand and walkability. On-site parking and convenient access to I-81 further enhance tenant appeal. This is a rare chance to acquire a cash-flowing asset in one of NEPA’s most vibrant rental corridors.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

11

PRICE/UNIT

$63,182

CAP RATE

11.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Multi Family

APN/PARCEL ID

73-H9SE3-018-001-000

ASK ABOUT THIS PROPERTY

Charles KaskoClassic PropertiesMore Info
570-690-9687

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Charles KaskoClassic PropertiesMore Info
570-690-9687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.