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7218 Meade St 7218 Meade St 4 Unit Apartment Building $1,019,250 CAD ($254,812 CAD/Unit) 7.99% Cap Rate Pittsburgh, PA 15208
Investment Highlights
- 5,390 SF building with 4 spacious units
- Modern and well-maintained low-rise/garden style property
- Attractive investment opportunity for rental income
- Zoned for Four Family, ideal for multifamily investors
- Prime location in Pittsburgh, PA, 15208
- Ample parking for residents and guests
Executive Summary
Discover an exceptional investment opportunity in the heart of Point Breeze with this renovation of a 4-unit apartment building. Over the past three years, the entire property has undergone extensive updates, ensuring modern comfort and convenience for tenants.
The building comprises two spacious 4-bedroom, 2-bath units and two comfortable 2-bedroom, 1-bath units. Each unit boasts a contemporary design and layout, attracting quality tenants and maximizing rental income potential. The 4-bedroom units currently average $1,750 per month, while the 2-bedroom units average $1,350 per month.
Tenants appreciate the convenience of paying all utilities, including a water reimbursement, reducing overhead for the property owner. The property's location in the serene, predominantly residential neighborhood of Point Breeze offers a perfect blend of suburban tranquility and urban accessibility.
Just a block from several bus stops and a short distance from Frick Park, Bakery Square, and Regent Square, residents enjoy easy access to public transportation, outdoor activities, shopping, dining, and entertainment. Nearby amenities include the Meridian shopping complex, Trader Joe's, Giant Eagle Market District, Bakery Galley, Alta Via, and LA Fitness.
The building comprises two spacious 4-bedroom, 2-bath units and two comfortable 2-bedroom, 1-bath units. Each unit boasts a contemporary design and layout, attracting quality tenants and maximizing rental income potential. The 4-bedroom units currently average $1,750 per month, while the 2-bedroom units average $1,350 per month.
Tenants appreciate the convenience of paying all utilities, including a water reimbursement, reducing overhead for the property owner. The property's location in the serene, predominantly residential neighborhood of Point Breeze offers a perfect blend of suburban tranquility and urban accessibility.
Just a block from several bus stops and a short distance from Frick Park, Bakery Square, and Regent Square, residents enjoy easy access to public transportation, outdoor activities, shopping, dining, and entertainment. Nearby amenities include the Meridian shopping complex, Trader Joe's, Giant Eagle Market District, Bakery Galley, Alta Via, and LA Fitness.
Property Facts
| Price | $1,019,250 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $254,812 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,390 SF |
| Cap Rate | 7.99% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2021 |
| Property Subtype | Apartment | ||
| Zoning | R1D-L - SINGLE-UNIT DETACHED RESIDENTIAL LOW DENSITY | ||
| Price | $1,019,250 CAD |
| Price Per Unit | $254,812 CAD |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.18 AC |
| Building Size | 5,390 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2021 |
| Zoning | R1D-L - SINGLE-UNIT DETACHED RESIDENTIAL LOW DENSITY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 0126-H-00266-0000-00 | Improvements Assessment | $307,813 CAD |
| Land Assessment | $54,768 CAD | Total Assessment | $362,581 CAD |
Property Taxes
Parcel Number
0126-H-00266-0000-00
Land Assessment
$54,768 CAD
Improvements Assessment
$307,813 CAD
Total Assessment
$362,581 CAD
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