Multi-Family Homes for Sale in Northeast PA
Multi-family homes for sale in Northeast and Central Pennsylvania: duplexes, triplexes and small apartment buildings, many of them in the established neighborhoods of Wilkes-Barre, Kingston, Nanticoke, Pittston and Hazleton. Listings update from the MLS throughout the day.
$189,999
121 Eno Street, Plymouth, PA 18651
Plymouth, PA 18651
$315,000
136 N Broad Street, West Hazleton, PA 18202
West Hazleton, PA 18202
$294,000
338-340 N Broad Street, West Hazleton, PA 18202
West Hazleton, PA 18202
$399,900
101 E Green Street, Nanticoke, PA 18634
Nanticoke, PA 18634
$275,000
710 Smith Street, Dunmore, PA 18512
Dunmore, PA 18512
$385,000
1145-1147 E Broad Street, Hazleton, PA 18201
Hazleton, PA 18201
$449,000
217 Pen Argyl Street, Pen Argyl, PA 18072
Pen Argyl, PA 18072
$159,000
806 N Vine Street, Berwick, PA 18603
Berwick, PA 18603
$223,000
101 /105 W Ridge Street, Nesquehoning, PA 18240
Nesquehoning, PA 18240
$335,000
785 N James Street, Hazleton, PA 18201
Hazleton, PA 18201
$275,000
199-201 Market Street, Cumbola, PA 17930
Cumbola, PA 17930
$129,000
1021-1023 W Main Street, Plymouth, PA 18651
Plymouth, PA 18651
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Investing in Multi-Family Property in the Wyoming Valley
The Wyoming Valley and Greater Hazleton were built as company and mill towns, which left them with a large stock of two-unit “doubles” and side-by-side duplexes along with three- and four-unit buildings. That housing stock, combined with prices well below the Philadelphia and New York markets, makes the region popular with first-time investors and owner-occupants who want a tenant to help cover the mortgage.
Things to verify on a multi-family purchase
- Rent roll and leases. Ask for current leases, security-deposit records and a twelve-month income and expense history rather than projected rents.
- Utilities. Separate electric, gas and water meters make a building easier to operate; shared meters mean the owner pays and rents need to reflect that.
- Rental registration and inspections. Wilkes-Barre, Hazleton and several other municipalities require landlords to register rental units and pass periodic inspections. Budget for any repairs the inspection will require.
- Owner-occupied financing. Buyers who plan to live in one unit can often use low-down-payment FHA financing on a two- to four-unit property; larger buildings are financed as commercial loans.
- Condition. Many of these buildings are 80 to 120 years old. Roofs, knob-and-tube wiring, galvanized plumbing and foundations deserve a careful inspection.
Selling an income property? Our home sale calculator estimates your net after commission, transfer tax and closing costs, and a complimentary market analysis gives you a real number for today’s market. Or contact us to talk with an agent who handles investment property.