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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/5/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Polish Hill |
| COUNTY | Allegheny-East | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | Polish Hill |
|---|---|
| BASEMENT | Walk-Up Access, Yes |
| LOT | 2400 sq ft |
| LOT DIMENSIONS | 0.0551 |
| PARKING | On Street |
| TAXES | 1495 |
| ZONING | R2-H |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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