256-260 E Grove Street, Pringle, PA 18704 (MLS# 26-3548)

$675,000

256-260 E Grove Street, Pringle, PA 18704

7,550 sqft

Description

Exceptional 6-Unit Investment Opportunity in the Highly Desirable Pringle/Kingston Area! Don't miss this rare chance to own a high-performing multifamily property featuring two buildings on one parcel, with one deed, offering incredible income potential and long-term value! Currently generating an impressive 9% CAP Rate with 5 fully renovated, occupied units, this investment becomes even stronger

Supplements: once the 6th unit-needing only a few finishing touches-is completed and leased, increasing the projected CAP Rate to 11% or better! The property includes a 5-unit apartment building and a spacious single-family home situated on a generous lot with ample off-street parking. The apartment building has seen numerous updates throughout, including newer flooring, fresh paint, updated light fixtures, countertops, cabinets, appliances, and more. Roofs on both buildings are approximately 10 years old. The expansive single-family home offers 5 large bedrooms, 2 bathrooms, a home office, a sunroom, and a relaxing jacuzzi tub, making it an excellent owner's residence or an additional income-producing rental. Utilities are separate for the single-family home, while tenants in the apartment building pay their own utilities with the exception of water. All 5 Units in the apartment building are 2 bedrooms, 1 bathroom. Whether you're looking to house hack by living in the single-family home while the apartment building covers your mortgage and then some, or maximize your returns by renting all 6 units, this property offers exceptional flexibility and outstanding cash flow potential. Opportunities like this are hard to find in such a sought-after location. Schedule your private showing today and see why this property is a standout addition to any investment portfolio!

More Information

Property Sub Type: Multiple Buildings
Building Area Total: 7550
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 6
Parking: Off-Street
Current Price: $675,000
List Price: $675,000
Listing Contract Date: 2026-07-21
Street Number: 256-260
Street Direction Prefix: E
Street Name: Grove
Street Suffix: Street
State: PA
Postal Code: 18704
County: Luzerne
MLS Area Major: Kingston Surrounds
SchoolDistrict: Wyoming Valley West
Township: Pringle Boro
Subdivision Name: None
Directions: Make a L off Union Street onto Evans Street, Evans Street turns into E Grove Street, the property is on the R side about halfway down E Grove Street. There is a front building and a rear building.
Status: Active
Annual Gross Income: 74400
Annual Water Exp: 1391.18
Annual Sewer Exp: 2200
Annual Real Est Tax: 5264.42
Total Annl Expenses: 11517.6
Unit #: 260
# Rooms: 10
# Bedrooms: 5
# Baths: 2
Heat in Rent: N
Hot Water in Rent: N
Unit #: 258
Unit #: 256
Unit #: 256
Unit #: 2582
Unit #: 2583

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Gas AC Type: Window Units Condition: Very Good Exterior: Brick; Vinyl

Property Info

ID: MLS# 26-3548
Type: Residential Income
Status: Active
Current Price: $675,000
List Date: 7/21/2026
Listing Office: Christian Saunders Real Estate

Request a Showing

Find out how much you can afford

Call Now: (570) 715-7700

Request Showing

DD dash MM dash YYYY
Name(Required)
Term Condition(Required)