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MLS 182279 307 Walnut St 5 Unit Apartment Building $312,672 CAD ($62,534 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 |
$66,733
|
$13.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,733
|
$13.11
|
| Taxes |
$9,237
|
$1.81
|
| Operating Expenses |
$15,952
|
$3.13
|
| Total Expenses |
$25,189
|
$4.95
|
| Net Operating Income |
$41,544
|
$8.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,733 |
| Annual Per SF | $13.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,733 |
| Annual Per SF | $13.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,237 |
| Annual Per SF | $1.81 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,952 |
| Annual Per SF | $3.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,189 |
| Annual Per SF | $4.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $41,544 |
| Annual Per SF | $8.16 |
Property Facts
| Price | $312,672 CAD | Building Class | C |
| Price Per Unit | $62,534 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 | $312,672 CAD |
| Price Per Unit | $62,534 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
Moderately walkable
70/100
Moderately drivable
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 33-0-018799 | Total Assessment | $54,429 CAD (2026) |
| Land Assessment | $3,754 CAD (2026) | Annual Taxes | $9,237 CAD ($1.81 CAD/SF) |
| Improvements Assessment | $50,675 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
33-0-018799
Land Assessment
$3,754 CAD (2026)
Improvements Assessment
$50,675 CAD (2026)
Total Assessment
$54,429 CAD (2026)
Annual Taxes
$9,237 CAD ($1.81 CAD/SF)
Tax Year
2025
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MLS 182279 | 307 Walnut St
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