3552 Melwood Ave Polish Hill, PA 15213
Multi-Family (2-4 Units)
MLS #: 1690673
Courtesy Of Coldwell Banker Real Estate Services
Property InformationDescription
Calling all investors! 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 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 analysis 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. Whether you re looking to house-hack, 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!
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 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 analysis 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. Whether you re looking to house-hack, 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!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Lot Size: 0.05 Acres
- Roof Type: Asphalt
MAP & DIRECTIONS
School Information
3552 Melwood Ave, Polish Hill, PA 15213
Elementary School
Grades EE-5 |
Public School
PITTSBURGH WOOLSLAIR
Pittsburgh, PA 15224
501 40th St
412.529.8800
Distance: 0.3 mi
School Rating
C+
Student:Teacher Ratio
11:1
Total Students
192
Middle School
Grades 6-8 |
Public School
PITTSBURGH ARSENAL
Pittsburgh, PA 15201
220 40th St
412.529.5740
Distance: 0.6 mi
School Rating
B+
Student:Teacher Ratio
9:1
Total Students
150
High School
N/A
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Pittsburgh Arsenal | 0.6 mi | Public | EE-5 | B- |
| Pittsburgh Milliones | 0.7 mi | Public | EE-12 | D+ |
| Western Pennsylvania School For Blind Children | 0.8 mi | Private | PK-12 | |
| Falk Laboratory School | 0.9 mi | Private | KG-8 | |
| Oakland Catholic High School | 0.9 mi | Private | 9-12 | |
| Pittsburgh Online Academy | 1.1 mi | Public | 4-12 | D+ |
| Central Catholic High School | 1.1 mi | Private | 9-12 | |
| Pittsburgh Montessori K-5 | 1.3 mi | Public | PK-5 | B- |
| Margaret Shadick Cyert Center For Early Education & Program | 1.3 mi | Private | PK-KG | |
| Carnegie Mellon Cyert Center For Early Education | 1.3 mi | Private | KG | |
| Pittsburgh Weil | 1.3 mi | Public | EE-5 | C+ |
| Provident Charter School | 1.4 mi | Public | 2-8 | C- |
| The Campus Laboratory School Of Carlow University | 1.4 mi | Private | PK-8 | |
| Pittsburgh Liberty K-5 | 1.4 mi | Public | KG-5 | C+ |
| Pittsburgh Miller | 1.4 mi | Public | EE-5 | C- |
| The Watson Institute Friendship Academy | 1.5 mi | Private | 1-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Pittsburgh, PA 15213
| Median Age: | 27.4 |
|---|---|
| Married: | 15% |
| Number of Households: | 10,778 |
| Households with Children: | 6.9% |
Pittsburgh, PA 15213
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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