547-549 S Franklin Street, Wilkes Barre, PA 18702

Wilkes Barre
Local realty services provided by:ERA One Source Realty
547-549 S Franklin Street,Wilkes-Barre, PA 18702
$250,000
  • 6 Beds
  • 2 Baths
  • 2,648 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, Nov 15
    11:00 am - 01:00 pm
Listed by:
Office: era one source realty
MLS#:SC265598
Source:PA_GSBR

Price summary

  • Price:$250,000
  • Price per sq. ft.:$94.41

About this home

This beautifully updated vintage brownstone brings classic curb appeal and investment potential to a prime Wilkes-Barre location between Wilkes University and Geisinger's medical facilities. Thoughtful improvements complement the building's original charm, and the neighboring sister property is available for purchase as part of a two-property package. Together, the properties offer an expansive fenced-in yard and off-street parking for every unit.Offered at 500,000, the two-property package projects more than 1,000 per month in cash flow after debt service, a 9 percent cap rate, and a 15 percent internal rate of return, with potential to grow income through future rent increases.There's more to explore behind 551-553. A separately assessed, commercially zoned rear parcel with alley access is excluded from the financial projections and offers potential for additional development. Buyers interested in an accessory dwelling unit or another use can confirm permitted uses and approval...

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Home facts

  • Year built:1930
  • Listing ID #:SC265598
  • Added:5 day(s) ago
  • Updated:November 12, 2026 at 12:48 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,648 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:2,648 sq. ft.
  • Lot area:0.29 Acres

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$94.41
  • Tax amount:$2,956 (2026)

Parking

  • Total parking spaces:6

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