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MLS 182279 307 Walnut St 5 Unit Apartment Building $310,025 CAD ($62,005 CAD/Unit) Meadville, PA 16335
EXECUTIVE SUMMARY
Great Investment Location - Two Story building occupied by a long term established law firm on the main floor and 4 apartments on the second floor. Located next to the Meadville Public Library, close to the Crawford County Courthouse, Diamond park, and borders Mill Run. Rental units include a studio apartment, 1-bedroom apartment, a 2 bedroom apartment, and a 3-bedroom apartment that was completely gutted and rebuilt. New metal roof installed in 2025
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,168
|
$12.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,168
|
$12.99
|
| Taxes |
$9,159
|
$1.80
|
| Operating Expenses |
$15,817
|
$3.11
|
| Total Expenses |
$24,976
|
$4.90
|
| Net Operating Income |
$41,192
|
$8.09
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,168 |
| Annual Per SF | $12.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,168 |
| Annual Per SF | $12.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,159 |
| Annual Per SF | $1.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,817 |
| Annual Per SF | $3.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,976 |
| Annual Per SF | $4.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $41,192 |
| Annual Per SF | $8.09 |
PROPERTY FACTS
| Price | $310,025 CAD | Building Class | C |
| Price Per Unit | $62,005 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,092 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | ||
| Zoning | B-1 - Business | ||
| Price | $310,025 CAD |
| Price Per Unit | $62,005 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,092 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | B-1 - Business |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 2,546 |
| 1+1 | 3 | - | 100 - 500 |
| 2+1 | 1 | - | 900 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 33-0-018799 | Total Assessment | $53,968 CAD |
| Land Assessment | $3,722 CAD | Annual Taxes | $9,159 CAD ($1.80 CAD/SF) |
| Improvements Assessment | $50,246 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
33-0-018799
Land Assessment
$3,722 CAD
Improvements Assessment
$50,246 CAD
Total Assessment
$53,968 CAD
Annual Taxes
$9,159 CAD ($1.80 CAD/SF)
Tax Year
2025
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MLS 182279 | 307 Walnut St
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