$199,900
Price
4
Beds
2,494 Sq. Ft.
$80 / Sq. Ft.
2,494
Sq. Ft.
$80
per Sq. Ft.

Description

Welcome to this spacious and versatile occupied 2-unit property nestled in the desirable Heights neighborhood of Wilkes-Barre. With approximately 2,494 sq ft of living area and a 3,484 sq ft lot, this residence offers an excellent opportunity for investors or owner-occupants seeking immediate rental income. Each unit features generous room sizes and a comfortable layout. The property also offers a nice backyard with a covered patio, perfect for outdoor relaxation or entertaining. Conveniently located...Welcome to this spacious and versatile occupied 2-unit property nestled in the desirable Heights neighborhood of Wilkes-Barre. With approximately 2,494 sq ft of living area and a 3,484 sq ft lot, this residence offers an excellent opportunity for investors or owner-occupants seeking immediate rental income. Each unit features generous room sizes and a comfortable layout. The property also offers a nice backyard with a covered patio, perfect for outdoor relaxation or entertaining. Conveniently located just minutes from downtown amenities, schools, and major transportation routes, this home provides great appeal for tenants and future buyers alike. Highlights include:

Fully occupied 2-unit setup generating steady income

Large interior square footage with spacious rooms

Nice backyard with covered patio

Convenient location in a stable, walkable neighborhood

Ideal for investors seeking a turnkey addition to their portfolio

Don’t miss this chance to own a reliable income-producing property in the heart of Wilkes-Barre’s Heights district. Schedule your showing today!
  1. Listed by Derek W. Antol • Real of Pennsylvania
    P: (610)-762-8486 C: (610)-762-8486 derekrealagent@gmail.com

Property Details for 187 Rees Street

Senior Community
No
Subdivision Name
Not in Development
LISTING UPDATED: 12/08/2025 03:21 PM

Property Details for 187 Rees Street

StatusPending
MLS #768043
Days on Market23
Taxes$3,097 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex / Duplex
Year Built1925
Lot Size0.08 AC / 3,441 SF
CountyLuzerne County

Location

Listing Courtesy of Real of Pennsylvania
Add your commute

Building Information for 187 Rees Street

Stories2Residences2Year Built1925Building Size-Lot Size0.08 AC / 3,441 SF

Payment Calculator

$1,246 per month

30 year fixed, 6.28% Interest

Principal and Interest

$988

Property Taxes

$258

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 187 Rees Street

Summary
Location and General Information
  • Country Subdivision: 42079
  • Cross Street: Sheridan
  • Directions: E Northampton St to S Sheridan St to Reese (Rees) St.
  • Latitude: 41.232934
  • Longitude: -75.877625
  • MLS Area Major: 564 - Wilkes-Barre City
  • Zoning: R-Duplex
Taxes and HOA
  • Parcel Number: 73-I10NW1-018-027
  • Tax Annual Amount: $3,097
  • Tax Assessed Value: $55,000
School Information
  • Elementary School District: Wilkes-Barre
  • High School District: Wilkes-Barre
  • Middle Or Junior School District: Wilkes-Barre
Parking
  • Parking Total: 1.0
Property
Lot Information
  • Living Area: 2494.0
  • Lot Size Acres: 0.079
  • Lot Size Area: 3441.0
  • Lot Size Square Feet: 3441.0
Property and Assessments
  • Year Built: 1925
Interior and Exterior Features
Interior Features
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Heating: Yes
  • Stories: 2
  • Stories Total: 2
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Multi Family
Multi Family Innformationn
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gardener Expense: $.00
  • Gross Income: $1,825
  • Insurance Expense: $76.00
  • Maintenance Expense: $.00
  • Net Operating Income: $1,377
  • Operating Expense: $447.00
  • Other Expense: $.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $133.00
Unit Information
Unit 1
  • Unit Type Actual Rent: $925.00
  • Unit Type Actual Rent Range: 925.00
  • Unit Type Area: 1247.0
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Occupant Type: Occupied
  • Unit Type Total Rent: $925.00
  • Unit Type Unit Num: 189
Unit 2
  • Unit Type Actual Rent: $1,247.00
  • Unit Type Total Rent: 187

Property History for 187 Rees Street

DateEvent & SourcePriceAppreciation
Dec 7, 2025

Pending

GLVRMLS #768043

Nov 14, 2025

Listed (Active)

GLVRMLS #768043

$199,900
Sep 27, 2012

Closed (Public Record)

Public Record #340335566

$15,000
Sep 21, 2010

Closed (Public Record)

Public Record #300037548

$15,000

+35.8% / yr

Dec 1, 2006

Closed

GLVRMLS #257076

$59,900
Oct 8, 2006

Pending

GLVRMLS #257076

Oct 5, 2006

Listed (Active)

GLVRMLS #257076

$59,900
Sep 13, 2006

Closed (Public Record)

Public Record #595597879

$4,379
DateEvent & SourcePrice
12/07/2025

Pending

GLVRMLS #768043

11/14/2025

Listed (Active)

GLVRMLS #768043

$199,900
09/27/2012

Closed (Public Record)

Public Record #340335566

$15,000
09/21/2010

Closed (Public Record)

Public Record #300037548

$15,000

+35.8% / yr

12/01/2006

Closed

GLVRMLS #257076

$59,900
10/08/2006

Pending

GLVRMLS #257076

10/05/2006

Listed (Active)

GLVRMLS #257076

$59,900
09/13/2006

Closed (Public Record)

Public Record #595597879

$4,379

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 187 Rees Street

Taxable ValueLand$19,700Additions$35,300Total$55,000
Tax Record2024$9,136 ($761 / month)
Home Facts
Total Finished SqFt2,494 SqFtAbove Grade Finished SqFt2,494 SqFtLot Size3,485 SqFtStyleDuplexCountyLUZERNEAPN73-I10NW1-018-027

Schools near 187 Rees Street

This home is within Wilkes-Barre Area School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Heights/Murray El School
PublicK to 5

G.A.R. Memorial Middle School
Public6 to 8

WILKES-BARRE AREA HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Real of Pennsylvania

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.