$430,000
Pittston, PA 18640
MLS# PW-250058
Status: Closed
10 beds | 4 baths | 4951 sqft
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Property 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!
Details
Documents
Contract Information
Current Price: $430,000
Sold Price: $430,000
Status: Closed
Listing Contract Date: 2025-01-10
Property Sub Type: Multi Family
Listing Service: Full Service
Seller Offers Concessions YN: Yes
General Property Information
Number Of Units Total: 4
Bedrooms Total: 10
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 4615
Below Grade Finished Area: 336
Living Area: 4951
Year Built: 1920
Year Built Source: Appraiser
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.19
Association YN: No
View YN: No
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Furnished: Unfurnished
Stories: 2
List Price/SqFt: 90.69
Sold Price/SqFt: 86.85
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
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
Concessions: No
Buyer Financing: Cash
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
Meter Information
Number Of Separate Electric Meters: 4
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
Lead-Based Paint Hazards Disclosure 
Listing Office: NON-MEMBER OFFICE
Last Updated: September - 23 - 2025
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