1-3-5-7 Miller Street, Pittston, PA 18640

$430,000
Property Type: Residential Income Bedrooms: 10 Baths: 4 Square Footage: 4,951 Status: Closed
Current Price: $430,000 List Date: 1/10/2025 Last Modified: 9/23/2025

Overview

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 SHA ...

Listing Details MLS# PW-250058

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
Bathrooms Half
0
Garage Spaces
0

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

Contract Information

Listing Contract Date
2025-01-10
Property Sub Type
Multi Family
Listing Service
Full Service
Seller Offers Concessions YN
Yes

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

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

More Information

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
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
Dining Room YN
Yes
Kitchen YN
Yes
Occupied YN
Yes

Unit 3

Unit #
3
Actual Rent
1400
SqFt Total
1120
Dining Room YN
Yes
Kitchen YN
Yes
Occupied YN
Yes

Unit 4

Unit #
Yes
Actual Rent
1250
SqFt Total
1186
Dining Room YN
Yes
Kitchen YN
Yes
Occupied YN
No

Meter Information

Number Of Separate Electric Meters
4

Location, Tax, and Legal

Municipality
Pittston Township
City Region
Pittston TWP
High School District
Pittston Area
County Tax Amount
431.87
Municipal Tax Amount
479.5
School Tax Amount
2069.27
Tax Annual Amount
2069.27
Parcel Number
72-E11NE2-014-002
Tax Book Number
3023/933392

Architectural Style

See Remarks
Yes

Basement

Full
Yes

Common Walls

No One Above
Yes
No One Below
Yes

Community Features

None
Yes

Current Financing

Conventional
Yes

Current Use

Investment
Yes
See Remarks
Yes

Electric

100 Amp Service
Yes

Flooring

Vinyl
Yes

Foundation Details

Block
Yes

Heating

Electric
Yes
Natural Gas
Yes

Laundry Features

In Unit
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Cleared
Yes

Parking Features

Off Street
Yes
Outside
Yes

Patio And Porch Features

Front Porch
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Shingle
Yes

Security Features

See Remarks
Yes

Structure Type

Multi Family
Yes

Water Source

Public
Yes

Owner Pays

Sewer
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Trash Collection
Yes

Income Includes

Rent Only
Yes

Operating Expense Includes

Insurance
Yes
Water/Sewer
Yes

Documents

Listing Office: NON-MEMBER OFFICE
Last Updated: September - 23 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
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