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    328 Wallace St Meadville, PA 16335

    For Sale
    $175,000

    MULTI_FAMILY - Other - Meadville, PA

    Property size:
    1,440 SF
    Lot size:
    0.07 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 328 Wallace St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 4
    Bedrooms
    4
    APN
    3300-014-F-23
    Parking features
    Garage
    Size
    1,440 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Expense value
    2500
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    4
    Building materials
    Mixed
    Roof type
    Rubber, Metal
    Architectural style
    Other

    ERA Richmond Real Estate Service (814) 337-6000 [email protected]

    Listing agent Brode Berger (814) 337-6000 License #RS372708

    Listing date Oct 22, 2025

    MLS# 188526 Listing URL

    Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Meadville Fourplex Investment Opportunity

    This fourplex presents a great investment opportunity in the heart of Meadville City, near the intersection of North St & N. Main. The property features four efficiency apartments, all furnished. The owner controls payment of utilities, which are managed through a single meter. The property has been under long-term ownership. A one-car detached garage is used by the owner as a workshop and for storage. Street parking is available. Two units have front and rear porches. The annual gross income is currently $31,500. The property has a metal roof installed in 2023, and a new gas hot water heater.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meadville
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.149391
    Latitude
    41.642002

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    FAQs

    What type of property is this?
    Quadplex - Four furnished efficiency apartments in Meadville, generating $31,500 annual income.
    Where is this quadplex located?
    The property is located at 328 Wallace St Meadville, PA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High Income Potential: Annual gross income of $31,500.; - Four Furnished Units: All 4 efficiency apartments are furnished.; - New Metal Roof: Roof replaced in 2023.
    (814) 337-6000
    Request Owner's contact information
    328 Wallace St Meadville, PA 16335
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    Meadville, PA 16335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    328 Wallace St Meadville, PA 16335
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