46 Walnut St · Wilkes-Barre, PA 18702

$95,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily · 6 Days on market

Fair condition 2,040 sqft lot $94/sqft · 20% below area Est $119k · 20% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Rent growth +4.2/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

A great opportunity in Wilkes-Barre Township. With a little TLC this would be a great starter home or investment property, priced affordably at $95,000. Close to major highways. Being sold as-is with all remaining contents included.

Key facts

• 2,040 sq ft lot
• Listed 6 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Residential zoning
• Construction: Vinyl siding
• Exterior features: Deck; Porch

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating
• Interior features: Eat-in kitchen; Full unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Cap rate 10.9% vs local median 5.7% in Wilkes-Barre — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Wilkes-Barre Area SD (urban): math 19% / reading 32% proficiency, ranked #469 of 539 in PA (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.8%/yr); 221 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 10.94%
• Cash-on-cash: 16.59%
• DSCR: 1.74
• GRM: 6.1

CMA / ARV

• ARV (median comp): $118,770
• List price: $95,000
• Delta: -20.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
46 Walnut St	0.00mi	2/1.0	1,008 (0%)	0mo	$99,000	$98	100
63 Orchard St	0.12mi	3/1.0 (+1)	972 (-4%)	7mo	$45,000	$46	78
17 Griffith Ln	0.53mi	2/1.0	1,024 (+2%)	2mo	$82,500	$81	71
10 Kirkendall Ave	0.13mi	3/1.0 (+1)	1,100 (+9%)	3mo	$195,000	$177	71
31 Monroe St	0.06mi	3/1.0 (+1)	1,128 (+12%)	6mo	$125,000	$111	68
71 Prospect St	0.50mi	3/1.0 (+1)	1,120 (+11%)	0mo	$115,000	$103	53
290 Hazle St	0.69mi	3/1.5 (+1)	1,088 (+8%)	0mo	$152,000	$140	47
57 Dodson Ln	0.66mi	3/1.0 (+1)	1,080 (+7%)	7mo	$78,400	$73	47
218 Moyallen St	0.74mi	3/1.0 (+1)	940 (-7%)	6mo	$120,000	$128	44
65 Hutson St	0.70mi	2/2.0	1,100 (+9%)	5mo	$125,000	$114	43
69 Amherst Ave	0.52mi	3/1.5 (+1)	1,157 (+15%)	2mo	$180,000	$156	43
415 Carey Ave	0.61mi	1/1.0 (-1)	1,134 (+12%)	6mo	$90,000	$79	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.84% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.50×
• Total profit: $13,255
• Equity at exit: $14,165

10-year hold

• IRR: 23.8%
• Equity multiple: 3.44×
• Total profit: $64,896
• Equity at exit: $8,214

Cash invested: $26,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18702

• Rents YoY: 6.8%
• Active inventory: 221
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,297 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $368

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 67%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 Sambourne St Wilkes Barre, PA	2.0	1.0	1000	$1,250	$1.25	21d	1	0.16mi
131 Academy St Wilkes Barre, PA	3.0	1.0	1300	$1,500	$1.15	43d	1	0.19mi
75 Wood St Wilkes Barre, PA	2.0	1.0	990	$1,300	$1.31	43d	1	0.21mi
403 S Franklin St Wilkes Barre, PA	2.0	1.0	900	$1,050	$1.17	21d	1	0.22mi
366 S River St Apt 3 Wilkes-Barre, PA	1.0	1.0	1000	$975	$0.97	21d	1	0.27mi
155 W River St Wilkes Barre, PA	3.0	2.0	1100	$1,425	$1.30	43d	1	0.27mi
26 Stanley St Wilkes Barre, PA	2.0	1.0	950	$1,650	$1.74	43d	1	0.30mi
34 Barney St Fl Right Wilkes-Barre, PA	2.0	1.0	1000	$1,195	$1.20	43d	1	0.33mi
159 New Mallery Pl Unit 2 Wilkes-Barre, PA	2.0	1.0	1020	$950	$0.93	43d	1	0.38mi
224 New Mallery Pl Wilkes Barre, PA	2.0	1.0	850	$1,000	$1.18	13d	1	0.42mi
100-102 Westminster St Wilkes-Barre, PA	2.0	1.0	1100	$1,150	$1.05	13d	1	0.43mi
100-102 Westminster St Wilkes-Barre, PA	2.0	1.0	1200	$1,150	$0.96	21d	1	0.43mi
156 Hanover St Wilkes Barre, PA	3.0	1.0	850	$1,300	$1.53	13d	1	0.45mi
154 Hanover St Unit A Wilkes-Barre, PA	1.0	1.0	1050	$1,150	$1.10	43d	1	0.45mi
86 Maffett St Wilkes-Barre, PA	2.0	1.0	1032	$1,300	$1.26	43d	1	0.58mi
75 Melrose Ave Apt 2 Wilkes-Barre, PA	2.0	1.0	1150	$1,250	$1.09	43d	1	0.60mi
26 Bradford St Wilkes Barre, PA	3.0	1.5	1056	$1,400	$1.33	13d	1	0.63mi
150 S Franklin St Wilkes Barre, PA	2.0	1.0	850	$1,750	$2.06	43d	1	0.69mi
62 Hutson St Unit 1 Wilkes-Barre, PA	2.0	1.0	730	$1,250	$1.71	13d	1	0.69mi
62 Hutson St Wilkes Barre, PA	2.0	1.0	1100	$1,150	$1.05	43d	1	0.69mi
216 Horton St Wilkes Barre, PA	3.0	1.5	1475	$1,575	$1.07	43d	1	0.69mi
129 Carlisle St Wilkes Barre, PA	2.0	1.0	1005	$1,200	$1.19	13d	1	0.74mi
284 Barney St Wilkes Barre, PA	3.0	1.0	1070	$1,600	$1.50	44d	1	0.79mi
166 Brook St Wilkes Barre, PA	1.0	1.0	850	$1,100	$1.29	13d	1	0.83mi
342 Horton St Wilkes Barre, PA	3.0	1.5	1472	$1,650	$1.12	13d	1	0.83mi
27 Oak St Wilkes Barre, PA	3.0	1.5	1500	$1,700	$1.13	43d	1	0.87mi
32 Murray St Unit 34 Wilkes-Barre, PA	3.0	1.0	930	$1,100	$1.18	21d	1	0.87mi
239 Poplar St Wilkes Barre, PA	3.0	1.5	1100	$1,350	$1.23	43d	1	0.88mi
38 W Market St Unit 3 Wilkes-Barre, PA	2.0	1.0	1388	$1,295	$0.93	13d	1	0.96mi
67-69 Public Sq #1203 Wilkes Barre, PA	2.0	1.0	875	$1,825	$2.09	43d	1	0.96mi
200 Gateway Dr Kingston, PA	1.0–3.0	1.0–2.0	1130	$2,428	$2.15	13d	1	0.96mi
67-69 Public Sq Wilkes-Barre, PA	2.0	1.0	910	$1,875	$2.06	43d	1	0.97mi
13 Woodbury St Hanover Township, PA	2.0	1.0	1000	$1,100	$1.10	43d	1	0.99mi
19 N River St Unit 403 Wilkes-Barre, PA	2.0	1.0	723	$1,600	$2.21	13d	1	1.00mi
19 N River St Unit 308 Wilkes-Barre, PA	2.0	1.5	910	$1,600	$1.76	13d	1	1.00mi
300 Market St Ste 104 Kingston, PA	2.0	2.0	873	$1,950	$2.23	13d	1	1.08mi
407 McLean St Wilkes Barre, PA	3.0	1.0	1482	$1,400	$0.94	13d	1	1.08mi
75 Oxford St Hanover Township, PA	2.0	1.0	900	$950	$1.06	13d	1	1.09mi
233 Gilligan St Wilkes Barre, PA	3.0	1.0	1440	$1,600	$1.11	21d	1	1.11mi
27 S Gates Ave Kingston, PA	3.0	2.0	1200	$1,750	$1.46	21d	1	1.12mi

Listing history 6 events

1. 2026-05-06
   status Pending 233-char remark
2. 2026-05-01
   status Active 233-char remark
3. 2026-04-28
   historical 233-char remark
4. 2026-04-27
   listed $95,000 Active 233-char remark
5. 2024-02-27
   historical $1,000
6. 2023-10-20
   listed $1,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 27% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,560
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,245
• − Management: −$1,245
• − Depreciation: −$2,764
• Taxable income: $3,085
• Est. tax owed @ 24.0%: −$740
• After-tax cash flow: $3,673/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property requires moderate renovations to improve its condition and increase its value. Exterior siding, kitchen, and bathroom updates are recommended to enhance both resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major kitchen cabinets — Old and outdated
• Major bathroom fixtures — Small and outdated
• Major interior walls — Worn wallpaper and peeling paint
• Major landscaping — Overgrown vegetation

Value-add opportunities

• Both exterior siding replacement — Enhances curb appeal and value
• Both kitchen renovation — Modernizes space and increases value
• Both bathroom renovation — Expands living space and adds value
• Both interior paint — Freshens up the interior and enhances value
• Both landscaping — Improves curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
kitchen cabinets · Old and outdated	Major	$15,000–50,000
bathroom fixtures · Small and outdated	Major	$15,000–50,000
interior walls · Worn wallpaper and peeling paint	Major	$15,000–50,000
landscaping · Overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both exterior siding replacement — Enhances curb appeal and value ↑
• Both kitchen renovation — Modernizes space and increases value ↑
• Both bathroom renovation — Expands living space and adds value ↑
• Both interior paint — Freshens up the interior and enhances value ↑
• Both landscaping — Improves curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wilkes-Barre Area SD
• NCES district ID: 4226300
• Math proficiency: 19% ▼ -2.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $37,420
• Composite: 21.22/100
• National rank: #8409
• State rank: #469 of 539 in PA

Livability — Wilkes-Barre

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Wilkes-Barre, PA
• County: Luzerne County · 118,885 people
• City population: 73,981
• Metro: Scranton--Wilkes-Barre, PA
• Population (ZIP): 41,970
• Household income: $56,378
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1632.0

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 25% Black 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 6% Dominican 9%
• Common ancestry: Romanian 14% Scotch-Irish 2% Iranian 1%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 17% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.99%
• Current HPI: 216.9373
• Rent YoY: ▲ 6.84%
• Metro: Scranton--Wilkes-Barre, PA
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+9800.0% since first listed

7 events — show timeline

• 2026-06-11 Sold (MLS) $99,000 LCAR
• 2026-05-06 Pending — LCAR
• 2026-05-01 Relisted — LCAR
• 2026-04-28 Delisted — LCAR
• 2026-04-27 Listed $95,000 LCAR
• 2024-02-27 Rental Removed $1,000 LCAR
• 2023-10-20 Listed for Rent $1,000 LCAR