52 N Meade St, Wilkes-Barre, PA
Completely Renovated – Turnkey 2-Unit
Asking Price: $275,000
Images and all deal info courtesy of Pete Tarutis
Photos Link
*Property will be fully completed upon sale
Buy & Hold Overview
Projected at Market Rents
- Gross Rents: $36,000
- Annual NOI: $24,192
- Cap Rate: 8.8% ***20% holdback for Management/Vacancy/Maintenance accounted for
- Cash on Cash Return: 11.7%
- Market Rent (3 bed): $1500
Highlights
- DSRC = 1.53%
- No Repairs or Renovations needed; property will be delivered Turnkey
- Heat, electric, and water all split
- New Roof
- All WB City permits and approvals
- Off Street Parking
Utilities
- Heat: split: 2 New Gas Furnaces
- Electric: split: 3 electric meters, new 200 amp panels
- Water: split: 2 water meters
Property Details
- Beds: 6
- Baths: 2
- Square Footage: 2,100 SF
- Lot Size: 3,920
- Zoning: Residential
- Heat: 2 Gas Furnaces – 2026
- Electric: Updated 2026
- Plumbing: PEX – 2026
- Water: Public
- Sewer: Public
- Roof: Asphalt shingles – 2026
- Windows: Wood Double Hung
- Water Heater: 2 New – 2026
- Flooring: LVP
- Taxes: $1,825/year
- Flood Zone: No
Comparable Sales:
*These are provided as a point of reference, we recommend doing your own due diligence.
319 E Northampton St, Wilkes-Barre, PA 18702
2 Units
6 Bed 2 Bath
2,300 sq ft
Sold:: $300,000 on 9/12/2025
39 Essex Lane, Wilkes-Barre, PA 18702
2 Units
6 Bed 2 Bath
2200 sq ft
Sold:: $280,000 on 4/10/2025
222 Scott St, Wilkes-Barre, PA 18702
2 Units
6 Bed 2 Bath
1900 sq ft
Sold: $300,000 on 1/16/2026
Market Rents
Rent-o-Meter Report
Market Rent is $1,500 for a 3 bed 1 bath unit
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Pete Tarutis Direct Line: 570-332-6148
- Email: pete@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
