216 E Pike St, Houston, PA 15342

Local realty services provided by:ERA Lechner & Associates, Inc.
216 E Pike St,Houston, PA 15342
$325,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: melissa palmer
Office: howard hanna real estate services
MLS#:1727127
Source:PA_WPN

Price summary

  • Price:$325,000

About this home

Great investment opportunity with this 5 unit rental. 3 units are currently tenant-occupied, generating income from day one. Many improvements have been made to the units including new appliances, bath updates, painting, etc. All 5 units have updated electrical and are separately metered. The 2 vacant units still need finished before they are ready to market, once leased should increase monthly income by 50%. Tenants pay all utilities besides trash. Located on the Washington County Freedom Transit County Line Bus routes. Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%

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Home facts

  • Year built:1917
  • Listing ID #:1727127
  • Added:20 day(s) ago
  • Updated:November 15, 2025 at 10:57 AM

Structure and exterior

  • Year built:1917
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$325,000
  • Tax amount:$4,082
MLS LogoLast Updated November 15, 2025. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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