Bought with DEACON & HOOVER REAL ESTATE ADVISORS LLC
$160,000
$190,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
2,400 Sqft Lot
SOLD DATE : 06/18/2025
Key Details
Sold Price $160,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1699450
Sold Date 06/18/25
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,495
Lot Size 2,400 Sqft
Acres 0.0551
Property Sub-Type Duplex
Property Description
Calling all investors! Potential for High-return Duplex in Prime Location
3552 Melwood Ave is a fantastic opportunity for investors seeking strong returns in Pittsburgh's thriving rental market. This duplex offers great value: Unit 1 (lower) is fully gutted to studs with new electrical wiring and plumbing rough-ins, ready for the next owner's vision. Unit 2 is nearly complete, allowing for quick occupancy. Plus, tenants can enjoy stunning city views from the upper unit's deck! A rental projection of both units as long-term rentals projects a strong 11% cap rate and meets the golden "1% rule," making this a prime cash-flowing asset once complete. Whether you're looking to flip or hold for long-term gains, this property delivers. Close to universities, hospitals, and thriving employment centers, this duplex is positioned for high rental demand. Don't miss this high-yield investment opportunity!
Location
State PA
County Allegheny-east
Community Public Transportation
Area Polish Hill
Zoning R2-H
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features On Street
Community Features Public Transportation
Roof Type Asphalt
Building
Structure Type Vinyl Siding
Schools
School District Pittsburgh
Others
Financing Cash
Special Listing Condition Short Sale
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