Remodeled 4-Unit
New
For Sale
$295,000
133 Meadville St, Edinboro, PA 16412
Four residential units create a multi-unit configuration near Edinboro University.
Property Size3,454 SF
Price / SF$85.41
Days on Market7
Property Features for 133 Meadville St
General Information
Standard status
Active
Size
3,454 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,054
Listing Agency:
Coldwell Banker Select - Edinboro
(814) 734-1144
Listed By:
Laura Lathrop · License #RS336052
(814) 449-0548
Source:
Exprealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 9:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Select - Edinboro
Investment Insights
Based on property information with market context.
This remodeled quadplex contains four residential units within 3,454 square feet. Updates and improvements have been made throughout the property.
The property is near Edinboro University, downtown Edinboro, shopping, restaurants, and other local amenities.
The property is near Edinboro University, downtown Edinboro, shopping, restaurants, and other local amenities.
Key Highlights
- Four residential units in a 3,454‑square‑foot property
- Remodeled with updates and improvements throughout
- Near Edinboro University, downtown Edinboro, shopping, restaurants, and local amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,724
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,480
$474.5K
Cap Rate 7%
$338,914
$338.9K
Cap Rate 9%
$263,600
$263.6K
Market Conditions
NOI Build-Up for 3,454 SF
Gross rent
$35.2K $10.20/SF
− Vacancy
−$1.3K −$0.39/SF
EGI
$33.9K $9.81/SF
− OpEx
−$10.2K −$2.94/SF
NOI
$23.7K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,480
Cap Rate 7%
$338,914
Cap Rate 9%
$263,600
Alternative Uses
Best Use
Multifamily LT 5
$338.9K
$296.6K – $395.4K
NOI $23,724 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$303.3K
$265.4K – $353.8K
NOI $21,228 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$856.9K
$749.8K – $999.7K
NOI $59,984 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 16412, PA
9,292
Population
4,806
Households
1.9
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
80.7 sq mi
ZIP Area
115
Density / Sq Mi
$67,659
Median Household Income
$34,061
Median Earnings
$883
Median Rent
$221,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units create a multi-unit configuration near Edinboro University.
Where is this quadplex located?
The property is located at 133 Meadville St Edinboro, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four residential units in a 3,454‑square‑foot property; Remodeled with updates and improvements throughout; Near Edinboro University, downtown Edinboro, shopping, restaurants, and local amenities
