70 Prospect Street, Wilkes-Barre, PA 18702
$280,000
Property Type:
Residential Income
Bedrooms:
5
Baths:
3
Square Footage:
2,442
Status:
Closed
Current Price:
$280,000
List Date:
8/29/2025
Last Modified:
1/08/2026
Description
Welcome to 70-72 Prospect Street, a well-maintained multi-unit investment property in the heart of the resurgent city of Wilkes-Barre. This two-unit building has been thoughtfully updated inside and out, offering modern appeal for both investors and tenants alike. Each unit has been refreshed with new bathrooms, luxury vinyl tile flooring, updated appliances, and fresh interior paint, providing a clean and living space. The exterior has also received significant upgrades, including a full exterior paint job and a new roof installed just last year, ensuring peace of mind for years to come. Both tenants are currently on a month-to-month lease and pay all utilities, making this a flexible opportunity for investors seeking either immediate rental income or the potential for future owner-occupancy. Located in the vibrant city of Wilkes-Barre, this property benefits from the area's ongoing revitalization. With local universities, healthcare facilities, cultural attractions, and a growing dining and entertainment scene, Wilkes-Barre continues to attract new residents and investment. Its convenient access to major highways also makes it an appealing hub for commuters and renters alike. Whether you are looking to expand your rental portfolio or secure a property in a thriving community, 70-72 Prospect Street is a smart choice. 📍 Key Features: Two-unit multi-family property Each unit updated with modern finishes New bathrooms, LVT flooring, and appliances Entire interior freshly painted Exterior repainted with new roof (2024) Tenants pay all utilities, month-to-month leases Convenient Wilkes-Barre location near amenities, schools, and transportation
More Information MLS# PW-252860
Contract Information
Listing Service: Full Service
Current Price: $280,000
Sold Price: $280,000
Status: Closed
Listing Contract Date: 2025-08-14
Property Sub Type: Multi Family
Location, Tax, and Legal
Municipality: Wilkes Barre
High School District: Wilkes-Barre
County Tax Amount: 467.66
Municipal Tax Amount: 343.01
School Tax Amount: 1501
Tax Annual Amount: 2311.67
Tax Year: 2024
Tax Assessed Value: 73600
Tax Legal Description: 72 prospect st
Parcel Number: 73-INE1-027-018
Tax Book Number: 199710
General Property Information
Number Of Units Total: 2
Bathrooms Half: 2
Above Grade Finished Area: 2442
Below Grade Finished Area: 0
Lot Size Acres: 0.05
Association YN: No
Year Built Source: Estimated
New Construction YN: No
Garage YN: No
Garage Spaces: 0
Waterfront YN: No
Water Body Name: None
Stories: 2
Fireplace YN: No
List Price/SqFt: 114.25
Sold Price/SqFt: 114.66
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 2
Living Area: 2442
Year Built: 1940
Remarks and Miscellaneous
Public Remarks: Welcome to 70-72 Prospect Street, a well-maintained multi-unit investment property in the heart of the resurgent city of Wilkes-Barre. This two-unit building has been thoughtfully updated inside and out, offering modern appeal for both investors and tenants alike. Each unit has been refreshed with new bathrooms, luxury vinyl tile flooring, updated appliances, and fresh interior paint, providing a clean and living space. The exterior has also received significant upgrades, including a full exterior paint job and a new roof installed just last year, ensuring peace of mind for years to come. Both tenants are currently on a month-to-month lease and pay all utilities, making this a flexible opportunity for investors seeking either immediate rental income or the potential for future owner-occupancy. Located in the vibrant city of Wilkes-Barre, this property benefits from the area's ongoing revitalization. With local universities, healthcare facilities, cultural attractions, and a growing dining and entertainment scene, Wilkes-Barre continues to attract new residents and investment. Its convenient access to major highways also makes it an appealing hub for commuters and renters alike. Whether you are looking to expand your rental portfolio or secure a property in a thriving community, 70-72 Prospect Street is a smart choice. 📍 Key Features: Two-unit multi-family property Each unit updated with modern finishes New bathrooms, LVT flooring, and appliances Entire interior freshly painted Exterior repainted with new roof (2024) Tenants pay all utilities, month-to-month leases Convenient Wilkes-Barre location near amenities, schools, and transportation
Status Change Information
Concessions: Yes
Buyer Financing: FHA
Concessions Amount: 8905
Major Change Timestamp: 2026-01-08T19:59:18Z
Major Change Type: Status Change
Price Change Timestamp: 2025-10-25T12:03:47Z
Purchase Contract Date: 2025-10-31
Close Date: 2026-01-07
Close Price: 280000
Basement
Block: 1
Stone Floor: 1
Unfinished: 1
Current Financing
Conventional: 1
Current Use
Multi-Family: 1
Unit 1
Unit #: 1
Actual Rent: 1200
SqFt Total: 1344
Baths Total: 2
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 2
Actual Rent: 1050
SqFt Total: 1098
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Location Tax and Legal
Street Number: 70
Street Name: Prospect
Street Suffix: Street
County: Luzerne
State: PA
Postal Code: 18702
Subdivision Name: None
Property Features
Basement: Block; Stone Floor; Unfinished
Current Financing: Conventional
Current Use: Multi-Family
Documents
Listing Office:
Lewith & Freeman Real Estate Hawley
Last Updated: January - 08 - 2026
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