1-3-5-7 Miller Street, Pittston, PA 18640

$430,000
Property Type: Residential Income Bedrooms: 10 Baths: 4 Square Footage: 4,951 Status: Closed
Current Price: $430,000 List Date: 1/10/2025 Last Modified: 9/23/2025

Description

4-Unit Investment Property for Sale - Prime Opportunity! 12 Percent CAP RATE Financials Available Looking for a lucrative investment with steady cash flow potential? This well-maintained 4-unit property offers an excellent opportunity to grow your portfolio! Whether you're a seasoned investor or new to real estate, this property provides great value and upside in a desirable location. Each unit features spacious layouts,(Over 1100 sq feet) updated interiors, and reliable tenants, making this a turnkey investment with minimal hassle. With rents steadily increasing in the area, you'll benefit from long-term growth and strong returns. Key Features: • 2 Units 2 bed/1 bath and 2 units 3 bed/1bath • Strong rental history and reliable tenants in place • Recent updates to flooring, kitchens, and bathrooms • Off-street parking and convenient location near public transport • High demand area with low vacancy rates Group Showing: Sunday 1/12 at 12 pm SHARP - Don't miss your chance to see this great property in person! Proof of funds or preapproval required to see Occupied Units! This investment opportunity won't last long!

More Information MLS# PW-250058

Contract Information

Listing Service: Full Service Seller Offers Concessions YN: Yes Current Price: $430,000 Sold Price: $430,000 Status: Closed Listing Contract Date: 2025-01-10 Property Sub Type: Multi Family

Location, Tax, and Legal

Municipality: Pittston Township City Region: Pittston TWP High School District: Pittston Area County Tax Amount: 431.87 Municipal Tax Amount: 479.5 School Tax Amount: 2069.27 Tax Annual Amount: 2069.27 Parcel Number: 72-E11NE2-014-002 Tax Book Number: 3023/933392

General Property Information

Number Of Units Total: 4 Bathrooms Half: 0 Above Grade Finished Area: 4615 Below Grade Finished Area: 336 Lot Size Acres: 0.19 Association YN: No Year Built Source: Appraiser New Construction YN: No Garage YN: No Garage Spaces: 0 Waterfront YN: No Water Body Name: None View YN: No Basement YN: Yes Furnished: Unfurnished Stories: 2 List Price/SqFt: 90.69 Sold Price/SqFt: 86.85 Bedrooms Total: 10 Bathrooms Total: 4 Bathrooms Full: 4 Living Area: 4951 Year Built: 1920

Remarks and Miscellaneous

Public Remarks: 4-Unit Investment Property for Sale - Prime Opportunity! 12 Percent CAP RATE Financials Available Looking for a lucrative investment with steady cash flow potential? This well-maintained 4-unit property offers an excellent opportunity to grow your portfolio! Whether you're a seasoned investor or new to real estate, this property provides great value and upside in a desirable location. Each unit features spacious layouts,(Over 1100 sq feet) updated interiors, and reliable tenants, making this a turnkey investment with minimal hassle. With rents steadily increasing in the area, you'll benefit from long-term growth and strong returns. Key Features: • 2 Units 2 bed/1 bath and 2 units 3 bed/1bath • Strong rental history and reliable tenants in place • Recent updates to flooring, kitchens, and bathrooms • Off-street parking and convenient location near public transport • High demand area with low vacancy rates Group Showing: Sunday 1/12 at 12 pm SHARP - Don't miss your chance to see this great property in person! Proof of funds or preapproval required to see Occupied Units! This investment opportunity won't last long! Inclusions: Seller owned appliances. Exclusions: All Washer and Dryer

Status Change Information

Concessions: No Buyer Financing: Cash Major Change Timestamp: 2025-07-14T12:21:11Z Major Change Type: Status Change Price Change Timestamp: 2025-02-13T18:57:18Z Purchase Contract Date: 2025-04-15 Close Date: 2025-07-11 Close Price: 430000

Architectural Style

See Remarks: 1

Basement

Full: 1

Common Walls

No One Above: 1 No One Below: 1

Community Features

None: 1

Current Financing

Conventional: 1

Current Use

Investment: 1 See Remarks: 1

Electric

100 Amp Service: 1

Flooring

Vinyl: 1

Foundation Details

Block: 1

Heating

Electric: 1 Natural Gas: 1

Laundry Features

In Unit: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Lot Features

Cleared: 1

Parking Features

Off Street: 1 Outside: 1

Patio And Porch Features

Front Porch: 1

Road Responsibility

Public Maintained Road: 1

Roof

Shingle: 1

Security Features

See Remarks: 1

Structure Type

Multi Family: 1

Water Source

Public: 1

Income and Expenses

Annual Total Expense: 9318 Cap Rate: 12 Insurance Expense: 2478 Net Operating Income: 60600 Operating Expense: 9318 Sewer Expense: 7 Total Actual Rent: 60600 Water Expense: 1400

Unit 1

Unit #: 7 Actual Rent: 1000 SqFt Total: 1186 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-06-30

Unit 2

Unit #: 5 Actual Rent: 1400 SqFt Total: 1120 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: Yes

Unit 3

Unit #: 3 Actual Rent: 1400 SqFt Total: 1120 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: Yes

Unit 4

Unit #: 1 Actual Rent: 1250 SqFt Total: 1186 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: No

Owner Pays

Sewer: 1 Water: 1

Tenant Pays

Electricity: 1 Gas: 1 Trash Collection: 1

Meter Information

Number Of Separate Electric Meters: 4

Income Includes

Rent Only: 1

Operating Expense Includes

Insurance: 1 Water/Sewer: 1

Location Tax and Legal

Street Number: 1-3-5-7 Street Name: Miller Street Suffix: Street County: Luzerne State: PA Postal Code: 18640 Subdivision Name: None

Property Features

Architectural Style: See Remarks Basement: Full Common Walls: No One Above; No One Below Community Features: None Current Financing: Conventional Current Use: Investment; See Remarks Electric: 100 Amp Service Flooring: Vinyl Foundation Details: Block Heating: Electric; Natural Gas Income Includes: Rent Only Laundry Features: In Unit Levels: Two Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Cleared Operating Expense Includes: Insurance; Water/Sewer Owner Pays: Sewer; Water Parking Features: Off Street; Outside Patio And Porch Features: Front Porch Road Responsibility: Public Maintained Road Roof: Shingle Security Features: See Remarks Structure Type: Multi Family Tenant Pays: Electricity; Gas; Trash Collection Water Source: Public

Documents

Listing Office: NON-MEMBER OFFICE
Last Updated: September - 23 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
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