Two-Unit Duplex with Sun
For Sale
$134,000
698 Arch St, Meadville, PA 16335
Separate utility meters and basement laundry hookups serve both apartments.
Property Size1,568 SF
Price / SF$85.46
Days on Market8
Property Features for 698 Arch St
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
all utilities
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,015
Amenities
covered front porch
sun porch
firepit
Listing Agency:
RE/MAX Hometown Realty
(814) 333-1141
Listed By:
Kristin Horner · License #RS335925
(814) 602-7789
Source:
Exprealty
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 2:56PM
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 RE/MAX Hometown Realty
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Investment Insights
Based on property information with market context.
This 1,568-square-foot duplex contains two one-bedroom, one-bathroom apartments. Both units have access to basement laundry hookups, and each has separate utility meters. New vinyl windows are installed throughout, while original chestnut trim remains in both apartments.
The lower apartment includes a covered front porch and a bedroom walk-in closet. Upstairs, a sun porch faces the backyard, and a walk-up attic is accessible from the unit. A living-room nook in the upper apartment could potentially accommodate a second bedroom, and the attic may offer additional living space if finished. The property is near both MMC campuses, community parks, and downtown Meadville.
The lower apartment includes a covered front porch and a bedroom walk-in closet. Upstairs, a sun porch faces the backyard, and a walk-up attic is accessible from the unit. A living-room nook in the upper apartment could potentially accommodate a second bedroom, and the attic may offer additional living space if finished. The property is near both MMC campuses, community parks, and downtown Meadville.
Key Highlights
- Two apartments, each with one bedroom and one bathroom
- 1,568 square feet
- Separate utility meters for all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,029
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,580
$240.6K
Cap Rate 7%
$171,843
$171.8K
Cap Rate 9%
$133,656
$133.7K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$23.1K $14.76/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$21.9K $13.95/SF
− OpEx
−$9.8K −$6.28/SF
NOI
$12.0K $7.67/SF
Area
Crawford County, PA
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,580
Cap Rate 7%
$171,843
Cap Rate 9%
$133,656
Alternative Uses
Best Use
Multifamily LT 5
$187.3K
$163.9K – $218.5K
NOI $13,108 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$171.8K
$150.4K – $200.5K
NOI $12,029 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$389.0K
$340.4K – $453.9K
NOI $27,231 @ 7.0% cap · market cap 20.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 16335, PA
27,452
Population
12,547
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
240
Density / Sq Mi
$58,531
Median Household Income
$32,692
Median Earnings
$892
Median Rent
$149,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and basement laundry hookups serve both apartments.
Where is this duplex located?
The property is located at 698 Arch St Meadville, PA.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: Two apartments, each with one bedroom and one bathroom; 1,568 square feet; Separate utility meters for all utilities
