Five-Unit Apartment
216 East Pike Street Houston, PA 15342
216 East Pike Street, Houston, PA, 15342
$299,000
For Sale
$299,000
Five-unit rental with separately metered utilities and recent unit improvements, including appliances, updated baths, and painting.
Days on Market272
Property Features for 216 East Pike Street
General Information
- Standard status
- Active
- Property subtype
- Multi-Unit / Other
Building Details
- Year Built
- 1917
Listing agency
HOWARD HANNA REAL ESTATE SERVICES
(412) 561-7400
Listed by
Melissa Palmer
(412) 561-7400
Source
Compass
Added: Oct 24, 2025 Updated: Jul 22 at 12:02PM Checked: Jul 22 at 12:02PM
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 HOWARD HANNA REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This five-unit apartment building offers a mix of tenant occupancy and near-term income upside. Three units are currently tenant-occupied and generating income, while the two remaining units are vacant and still require finishing work before they are ready to market. Reported improvements include new appliances in units, bath updates, and painting. All units have updated electrical and are separately metered. Tenants pay all utilities except trash.
The property is located on the Washington County Freedom Transit County Line bus routes, providing convenient transit access.
At the time of listing, the property is reported to have a current cap rate of almost 7%, with a potential cap rate of 11.25% when fully leased at market rates.
The property is located on the Washington County Freedom Transit County Line bus routes, providing convenient transit access.
At the time of listing, the property is reported to have a current cap rate of almost 7%, with a potential cap rate of 11.25% when fully leased at market rates.
Key Highlights
- 5‑unit rental built in 1917
- 3 units currently tenant‑occupied, generating income from day one
- Many unit improvements including new appliances, bath updates, and painting
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit rental with separately metered utilities and recent unit improvements, including appliances, updated baths, and painting.
Where is this apartment building located?
The property is located at 216 East Pike Street Houston, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 5‑unit rental built in 1917; 3 units currently tenant‑occupied, generating income from day one; Many unit improvements including new appliances, bath updates, and painting
