Mixed-Use Triplex with
994 MARKET Street Meadville, PA 16335
For Sale
$299,000
MULTI_FAMILY - Other - Meadville, PA
Property Size3,136 SF
Price / SF$95.34
Days on Market59
Property Features for 994 MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2
Standard status
Active
APN
3600-021-E-3
Size
3,136 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3892
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
RE/MAX Hometown Realty
(814) 333-1141
Listed By:
Donald Buchanan · License #RS374494
(814) 795-8006
Added: Jun 2
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# 191258
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.
Investment Insights
Based on property information with market context.
This property is a three-unit triplex with a first-floor restaurant and two apartments above. The restaurant space is equipped and includes select commercial kitchen equipment. The two residential units are described as renovated and are presented as modern, with upgraded layouts and finishes.
The building is located at 994 Market Street in downtown Meadville, PA, on a high-visibility corridor. The listing states the property is fully leased and cash-flowing.
A liquor license is also available, and the listing notes that details are available by contacting the listing agent. Square footage for the units is estimated.
The building is located at 994 Market Street in downtown Meadville, PA, on a high-visibility corridor. The listing states the property is fully leased and cash-flowing.
A liquor license is also available, and the listing notes that details are available by contacting the listing agent. Square footage for the units is estimated.
Key Highlights
- Three‑unit commercial property on Market Street in downtown Meadville, with a first‑floor restaurant and two apartments above
- Restaurant space includes select commercial kitchen equipment
- Brick construction with forced‑air heating (natural gas)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.5k | $12.60 |
| − Vacancy | −$2.1k | −$0.66 |
| EGI | $37.5k | $11.94 |
| − OpEx | −$11.2k | −$3.58 |
| NOI | $26.2k | $8.36 |
3,136 SF · lease $12.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$698.5K
$611.2K – $814.9K
NOI $48,894 @ 7.0% cap · market cap 16.35%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,216 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$778.0K
$680.8K – $907.7K
NOI $54,461 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three leased units include a first-floor restaurant and two renovated apartments above, with select kitchen equipment included.
Where is this triplex located?
The property is located at 994 MARKET Street Meadville, 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: Three‑unit commercial property on Market Street in downtown Meadville, with a first‑floor restaurant and two apartments above; Restaurant space includes select commercial kitchen equipment; Brick construction with forced‑air heating (natural gas)
