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292 S Franklin St 11 Unit Apartment Building $943,803 CAD ($85,800 CAD/Unit) 11.31% Cap Rate Wilkes Barre, PA 18701
INVESTMENT HIGHLIGHTS
- Close to Wilkes University & Kings College
- Walkable downtown location
- Close to colleges, hospitals, and public transit
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 Under Contract
| Price | $943,803 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $85,800 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 11.31% | Building Size | 6,800 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Zoning | Multi Family - S1 - Special Use | ||
| Price | $943,803 CAD |
| Price Per Unit | $85,800 CAD |
| Sale Type | Investment |
| Cap Rate | 11.31% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,800 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | Multi Family - S1 - Special Use |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 73-H9SE3-018-001-000 | Total Assessment | $278,253 CAD (2025) |
| Land Assessment | $44,680 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $233,573 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
73-H9SE3-018-001-000
Land Assessment
$44,680 CAD (2025)
Improvements Assessment
$233,573 CAD (2025)
Total Assessment
$278,253 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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292 S Franklin St
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