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Sold for $160,000 on 06/18/25
  • $160,000

    3552 Melwood Ave, Pittsburgh, PA 15213

    5beds
    3baths
    --sqft
    Duplex, Multi Family, Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,582 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: June 18, 2025 at 01:25pm

    Listed by:

    Laun Silk 412-363-4000,

    COLDWELL BANKER REALTY

    Bought with:

    Logan Koch, RS371556

    DEACON & HOOVER REAL ESTATE ADVISORS LLC

    Source: WPMLS,MLS#: 1699450MLS LogoOriginating MLS: West Penn Multi-List

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Lot
    • Size: 2,400 sqft
    • Dimensions: 0.0551
    Details
    • Parcel number: 0026F00090000000
    • Zoning: R2-H
    • Zoning description: R2-H
    • Special conditions: Short Sale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Community & neighborhood

    Community
    • Community features: Public Transportation
    Location
    • Region: Pittsburgh
    Services availability