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273 Kelly Street, 
Luzerne, PA 18709

$550,000


12

Beds


7

Baths


5,593

Sq Ft


Multi-Family

Active

Listed by

Halle Stevens

Revolve Real Estate

570-800-6861

Last updated:

May 26, 2026, 02:44 PM

MLS#

SC262336

Source:

PA GSBR

About This Home

273 Kelly Street

** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!** This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value.The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation.A major bonus is the approved concept plan for a future parking lot located on the vacant lot behind 701 Miller Street, which is included in the same parcel ownership. This provides the opportunity to create the required parking needed to support additional residential development.Whether you're looking to expand your rental portfolio, create a multi-family redevelopment project, or capitalize on a value-add opportunity, this property offers flexibility, strong upside potential, and room for growth.Property tax: $3576 a yearSewer Usage: $343 a year ($49 per unit)Sewer Bill: $1820 a year ($65 per unit quarterly)Insurance: $2,588

Home Facts

Multi-Family

7 Baths

12 Bedrooms

Built in 1950

Price Summary

550,000

$98 per Sq. Ft.

MLS #:

SC262336

Last Updated:

May 26, 2026, 02:44 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

6

Interior

Living Area:

5,593 Sq. Ft.


Structure

Structure

Building Area:

5,593 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):


Finances & Disclosures

Finances

Price:

$550,000

Price per Sq. Ft:

$98 per Sq. Ft.

Source:PA GSBR
The information being provided by Greater Scranton Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Scranton Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.