Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7218 Meade St Pittsburgh, PA 15208

    Sponsored
    For Sale
    $750,000

    Four-unit multifamily, high ROI

    Property size:
    5,390 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional four-unit apartment building presents a compelling investment opportunity in Pittsburgh's desirable Point Breeze neighborhood. The 5,390 square foot building, completely renovated in 2021, boasts a 7.99% cap rate and a strong net operating income (NOI) of $59,943, reflecting a 100% occupancy rate. The property features two spacious four-bedroom, two-bathroom units and two comfortable two-bedroom, one-bathroom units, all designed with modern amenities and contemporary layouts. Current rental income averages $1,750 per month for the four-bedroom units and $1,350 for the two-bedroom units, with tenants responsible for all utilities, minimizing owner overhead. Situated on a 7,800 square foot lot, the three-story building is zoned for four families, ensuring compliance and future development potential. Its prime location offers easy access to public transportation, Frick Park, Bakery Square, Regent Square, and numerous shopping and dining options, including Trader Joe's, Giant Eagle Market District, and LA Fitness. Ample parking and a secure, well-lit property enhance tenant satisfaction and peace of mind. This stabilized investment, priced at $750,000 ($187,500 per unit and $139.15 per square foot), offers a rare blend of strong rental income, prime location, and modern updates, making it an ideal addition to any multifamily portfolio. The Allegheny County property (APN: 0126-H-00266-0000-00) is owned by MORGAN FAMILY DEVELOPMENT LP.

    Property Features for 7218 Meade St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,390 SF

    Building Details

    Year Renovated
    2021
    Stories
    3
    Units
    4

    HighLights

    • 5,390 SF four‑unit apartment building in Pittsburgh's Point Breeze neighborhood.
    • Completely renovated in 2021, with a 7.99% cap rate and $59,943 NOI.
    • Features two 4‑bedroom/2‑bathroom units and two 2‑bedroom/1‑bathroom units, all with modern amenities.
    • Prime location with easy access to public transportation, Frick Park, and amenities.
    • 7,800 SF lot, zoned for four families, offering ample parking and a secure property.
    • Priced at $750,000 ($187,500 per unit, $139.15/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.899635861804
    Latitude
    40.449681466464

    Nearby Similar for Sale

    • $1,500,000
      0.31 Acres

      Established Restaurant and Bar Business

      Profitable restaurant and bar with real estate for sale.
      114 Grant Ave, Pittsburgh, PA 15209
      View Details
    • $1,000,000
      0.17 Acres

      Updated Office Building in Lawrenceville

      Commercial property in the heart of Lawrenceville, move-in ready.
      258 42Nd St, Pittsburgh, PA 15201
      View Details
    • $317,500
      0.13 Acres

      Crafton Fourplex with Income Potential

      Solid brick fourplex in Crafton with spacious units and updates.
      42 Baldwick Rd, Pittsburgh, PA 15205
      View Details
    • $450,000
      0.03 Acres

      Mt. Washington Four-Unit Property

      Well-maintained four-unit property in Mt. Washington neighborhood.
      201 Amabell St, Mt Washington, PA 15211
      View Details
    • New
      $390,000
      8,426 SF

      Hazelwood Mixed-Use Investment Opportunity

      Versatile commercial property in Pittsburgh's Hazelwood neighborhood with residential units.
      5106-5108 2Nd Ave, Pittsburgh, PA 15207
      View Details
    • $424,900
      0.43 Acres

      Historic Church with Redevelopment Potential

      Unique 55,000 sq ft church suitable for various uses.
      710 Mulberry St, Pittsburgh, PA 15221
      View Details
    • $475,000
      0.11 Acres

      Troy Hill Investment Opportunity

      Turn-key restaurant with apartment and parking in Pittsburgh's Troy Hill.
      1442 Lowrie St, Pittsburgh, PA 15212
      View Details
    • $350,000
      0.18 Acres

      Renovated Office Building in South Park

      3,491 SF office building with two units, renovated in 2025.
      1102 Wilhelm Ave, Pittsburgh, PA 15236
      View Details
    • $3,000,000
      0.12 Acres

      Downtown Pittsburgh Office Building

      Updated office building in Pittsburgh Opportunity Zone with parking.
      1940 5Th Ave, Pgh, PA 15219
      View Details
    • $299,900
      0.15 Acres

      Updated Commercial Property with Apartment

      Versatile commercial building with updated apartment near Downtown Pittsburgh.
      2860 Perrysville Ave, Pittsburgh, PA 15214
      View Details
    • $835,000
      Pending

      Renovated Mixed-Use Property in Polish Hill

      Turn-key investment opportunity in Pittsburgh's Polish Hill neighborhood.
      3105 Brereton St, Pittsburgh, PA 15219
      View Details
    • $239,900
      0.08 Acres

      Versatile Property in Brookline Commercial District

      Mixed-use property with storefront, 3-bedroom house, and detached garage.
      931 Brookline Blvd, Brookline, PA 15226
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-unit multifamily, high ROI
    Where is this multifamily property located?
    The property is located at 7218 Meade St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 5,390 SF four-unit apartment building in Pittsburgh's Point Breeze neighborhood.; Completely renovated in 2021, with a 7.99% cap rate and $59,943 NOI.; Features two 4-bedroom/2-bathroom units and two 2-bedroom/1-bathroom units, all with modern amenities.
    Request Owner's contact information
    7218 Meade St Pittsburgh, PA 15208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7218 Meade St
    Pittsburgh, PA 15208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7218 Meade St Pittsburgh, PA 15208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.