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
Listing Office: Lewith & Freeman Real Estate Hawley
Last Updated: January - 08 - 2026
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