Two-Unit Duplex with Sun
New
For Sale
$134,000
698 ARCH Street, Meadville, PA 16335
ResidentialIncome, Meadville, PA
Property Size1,568 SF
Price / SF$85.46
Days on Market4
Property Features for 698 ARCH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
M-1
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
4
Parking features
Garage
Elementary school district
Crawford Central
Middle school district
Crawford Central
High school district
Crawford Central
Directions
From Diamond Park, east on Chestnut. Right onto Grove St., left onto Arch St. Home is at the top of the hill, just before the Y, on the right.
Subdivision
19 - Meadville City
Standard status
Active
APN
3500-005-70037
Size
1,568 SF
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3015
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Frame, VinylSiding
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
RE/MAX Hometown Realty · RE/MAX International
(814) 333-1141
Listed By:
Kristin Horner · License #RS335925
(814) 602-7789
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 12:06PM
MLS# 194044
Copyright © 2026 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.
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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 units, each with basement access and laundry hookups. Separate utility meters serve the units, and new vinyl windows have been installed throughout. The lower apartment features a covered front porch and a bedroom walk-in closet; the upper apartment includes a sun porch and access to a walk-up attic. Original chestnut trim remains in both units, and the building has forced-air natural gas heat.
The property is located in Meadville near both MMC campuses, community parks, and downtown. Public water and sewer serve the property. Built in 1940, the frame building has vinyl siding and a garage.
The property is located in Meadville near both MMC campuses, community parks, and downtown. Public water and sewer serve the property. Built in 1940, the frame building has vinyl siding and a garage.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units
- 1,568 square feet
- Separate utility meters; basement access with laundry hookups for both units
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
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and laundry hookups serve both one-bedroom, one-bathroom units.
Where is this duplex located?
The property is located at 698 ARCH Street 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 1‑bedroom, 1‑bathroom units; 1,568 square feet; Separate utility meters; basement access with laundry hookups for both units
