3552 Melwood Ave
Polish Hill, PA 15213
- – beds
- – baths
- – sqft
- 2,400 sqft lot
- 1900 build
Calling all investors! High-return Duplex in Prime Location 3552 Melwood Ave is a fantastic opportunity for investors seeking strong returns in Pittsburgh’s thriving rental market. This duplex offers great value: Unit 1 (lower) is fully gutted with new electrical wiring and plumbing rough-ins, ready for the next owner’s vision. Unit 2 is nearly complete, allowing for quick occupancy. Plus, tenants can enjoy stunning city views from the upper unit’s deck! A rental analysis of both units as long-term rentals projects a strong 11% cap rate and meets the golden "1% rule," making this a prime cash-flowing asset. Whether you’re looking to house-hack, flip, or hold for long-term gains, this property delivers. Close to universities, hospitals, and thriving employment centers, this duplex is positioned for high rental demand. Don’t miss this high-yield investment opportunity!
Last checked:
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Last updated Mar 8, 2025
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MLS# 1690673 —
The Building
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Year Built:1900
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Roof:Asphalt
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Basement:WalkUpAccess
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Basement:true
Location
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Directions:GPS
The Property
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Lot Size Area:0.0551
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Lot Size Acres:0.0551
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Lot Size Units:Acres
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Lot Size Dimensions:0.0551
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Zoning:R2-H
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Zoning Description:R2-H
Listing Agent
- Contact info:
- Agent phone:
- (412) 363-4000
- Office phone:
- (412) 363-4000
Taxes
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Tax Annual Amount:1495.0
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Tax Assessed Value:64900
Schools
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Elementary School District:Pittsburgh
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Middle Or Junior School District:Pittsburgh
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High School District:Pittsburgh
The Community
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# of Units In Community:2
Parking
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Parking Features:OnStreet
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/5/25
Mar 5, 2025
|
Listed / Active | WPML | $252,000 |
