Address
256-260 E Grove Street, Pringle, PA
Price
$ 675,000
Property Attributes
  • MLS#263548
  • TypeSingle Family
  • Listing Status Active
  • CountyLUZERNE
  • CityPringle
  • AreaKingston Surrounds
  • Zip18704
  • StyleMultiple Buildings
  • Taxes$ 5264
  • Price$ 675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7550
Data Source:
Luzerne County Association of REALTORS® (LZCAOR)
Property Description

Exceptional 6-Unit Investment Opportunity in the Highly Desirable Pringle/Kingston Area! Don't miss this rare chance to own a high-performing multifamily property featuring two buildings on one parcel, with one deed, offering incredible income potential and long-term value! Currently generating an impressive 9% CAP Rate with 5 fully renovated, occupied units, this investment becomes even stronger once the 6th unit-needing only a few finishing touches-is completed and leased, increasing the projected CAP Rate to 11% or better! The property includes a 5-unit apartment building and a spacious single-family home situated on a generous lot with ample off-street parking. The apartment building has seen numerous updates throughout, including newer flooring, fresh paint, updated light fixtures, countertops, cabinets, appliances, and more. Roofs on both buildings are approximately 10 years old. The expansive single-family home offers 5 large bedrooms, 2 bathrooms, a home office, a sunroom, and a relaxing jacuzzi tub, making it an excellent owner's residence or an additional income-producing rental. Utilities are separate for the single-family home, while tenants in the apartment building pay their own utilities with the exception of water. All 5 Units in the apartment building are 2 bedrooms, 1 bathroom. Whether you're looking to house hack by living in the single-family home while the apartment building covers your mortgage and then some, or maximize your returns by renting all 6 units, this property offers exceptional flexibility and outstanding cash flow potential. Opportunities like this are hard to find in such a sought-after location. Schedule your private showing today and see why this property is a standout addition to any investment portfolio!

Price History
7/21/2026 Listed $675,000

General Features

Heating Gas
Zoning Residential
Construction Materials Brick,Stucco,Vinyl Siding
Exclusions Tenant's Personal Property
Township Pringle Boro
Property Subtype Multiple Buildings
Tax Year 2025
Parcel Number 52-G9S1-015-018
Gross Income 74400.0
County Luzerne
Net Operating Income 74400.0
New Construction No
Property Type Residential Income
Attached Garage No
Subdivision Name None
Status Active
Directions Make a L off Union Street onto Evans Street,Evans Street turns into E Grove Street,the property is on the R side about halfway down E Grove Street. There is a front building and a rear building.
City Pringle
High School District Wyoming Valley West
Open Parking Spaces 6.0
Number Of Units Total 6
MLS Area Kingston Surrounds
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 5264.42
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Property Condition Very Good
Trash Expense 0.0
Lease Renewal Y/N No
MLS Area Minor Kingston Surrounds
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Standard Status Active
MobileHomeRemainsYN No
Senior Community None
Utilities@Core.Permissions None
Water Body Access Y/N None
Accessibility Features Y/N None

Interior Features

Basement Concrete Floor
Basement (Y/N) No
Heating Y/N Yes

Exterior Features

Inclusions (5) Refrigerators,(5) Stoves,(3) Washers,(3) Dryers
Spa No
Building Area Total 7550.0
Lot Dimensions 69X153
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
ExteriorFeatures@Core.Permissions None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 18704

Price
AVG $260K
$680K
Taxes
AVG $2,574
$5,264

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Your Agent

Brian Boes

Commercial - Residential REALTOR®

717-910-3769

Listed By
Marc Vincent Rodriguez-Douglas with Christian Saunders Real Estate.

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