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.
$275,000
61-63 S Atherton Avenue, Kingston, PA 18704
Kingston, PA 18704
$199,000
508 Main Street, Dupont, PA 18641
Dupont, PA 18641
$229,000
163-167 Willow Street, Plymouth, PA 18651
Plymouth, PA 18651
$199,000
19-21 Laurel Street, Edwardsville, PA 18704
Edwardsville, PA 18704
$199,000
19-21’ Laurel Street, Edwardsville, PA 18704
Edwardsville, PA 18704
$449,900
65-67 1/2 Thomas Street, Edwardsville, PA 18704
Edwardsville, PA 18704
$315,000
22 Lee Park Avenue, Wilkes-Barre, PA 18706
Wilkes-Barre, PA 18706
$344,900
76 Spring Court, Pittston, PA 18640
Pittston, PA 18640
$250,000
371 Railroad Street, Nanticoke, PA 18634
Nanticoke, PA 18634
$275,000
401 Towanda Street, White Haven, PA 18661
White Haven, PA 18661
$249,900
895 Old Street, Hazle Twp, PA 18202
Hazle Twp, PA 18202
$68,000
437 W Washington Street, Shenandoah, PA 17976
Shenandoah, PA 17976
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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.