533 S Franklin St, Wilkes Barre, PA 18702

Stately Victorian Near Wilkes & King's University -- Ideal Student Housing or Single-Family Residence. This meticulously maintained 3-story Victorian blends timeless architectural character with thoughtful modern updates. Perfectly positioned just steps from Wilkes University and King's College, this property offers exceptional potential as an income-producing student rental or a beautiful single-family home filled with historic charm.Property Highlights include: 3 Stories | 6 Bedrooms | 3 Full Baths, one conveniently located on each level. Ft. gleaming hardwoods throughout, beautiful unpainted original woodwork, & stained glass windows, a quaint stone-laid side yard for warm-weather relaxation, plus 2nd floor laundry for added convenience.Modern Comfort Meets Historic Character here with each bedroom individually keyed, ideal for flexible use or student housing, New Wi-Fi-enabled ductless split units for efficient AC & heat, Brand new modern bath installed on the upper level, new kitchen flooring, stainless steel appliances, fresh paint, and updated fans & fixtures throughout. Freshly deep-cleaned and move-in ready.Get peace of mind through thoughtful upgrades. This property has been meticulously cared for with many behind-the-scenes updates designed to ensure long-term stability and efficiency with New energy-efficient windows on 2nd and 3rd floors, Roof and gutters professionally re-sealed and restored, New basement stairs and self-draining dehumidifier for a clean, dry lower level, Upgraded new sewer system, new garbage disposals and UV water filtration system, New breaker box for modernized electrical, New support beams, ensuring the structure is solid, secure, and well-maintained.Investment Snapshot:Proj Rent at 650/mo per bedroom. Annual Gross Income: 46,800. Annual Expenses incl. utilties: 12,171. Projected Net Operating Income: 34,629. Cap Rate 12.6.