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Renovated Eight-Unit Building in Wilkes-Barre 2 S Empire St 8 Unit Apartment Building $1,381,200 CAD ($172,650 CAD/Unit) 8.03% Cap Rate Wilkes Barre, PA 18702
Investment Highlights
- Financials are in LoopNet's Data Room but keep in-mind expenses, etc. are combined across two-properties & thirteen-units in this portfolio.
- Fully occupied eight-unit apartment building.
- Portfolio Sale! Individual sale, or can be purchase as a whole.
Executive Summary
Eight-unit, multi-family property in Wilkes-Barre with recent renovations and stable in-place income. The unit mix includes one, two, & three-bedroom apartments, with tenants paying their own utilities. This is a clean, straightforward asset offering existing cash flow with room to increase income. This property is part of a thirteen-unit portfolio and is available for purchase individually or as part of the full portfolio. Financials are in LoopNet's Data Room but keep in-mind expenses, etc are combined across two-properties & thirteen-units in this portfolio.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,381,200 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,650 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.03% | Building Size | 7,200 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1950 |
| Zoning | Multi Family - Multi-family zoning allowing for residential income use with multiple units, suitable for long-term rentals and consistent cash flow generation. | ||
| Price | $1,381,200 CAD |
| Price Per Unit | $172,650 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1950 |
| Zoning | Multi Family - Multi-family zoning allowing for residential income use with multiple units, suitable for long-term rentals and consistent cash flow generation. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Yard
- Dining Room
- Family Room
- Island Kitchen
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Private Bathroom
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 73-I10NW1-006-15A-000 | Total Assessment | $312,902 CAD (2026) |
| Land Assessment | $57,391 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $255,512 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
73-I10NW1-006-15A-000
Land Assessment
$57,391 CAD (2026)
Improvements Assessment
$255,512 CAD (2026)
Total Assessment
$312,902 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Renovated Eight-Unit Building in Wilkes-Barre | 2 S Empire St
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