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$160,000
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Property Description
Calling all investors! Potential for 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 to studs 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 projection 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 once complete. Whether you're looking to 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!
Full Property Details
Full Property Details for 3552 Melwood Ave
General
- Sold For: $160,000
- Taxes: $1,495
- Status: Closed
- Type: Duplex
- Source: West_Penn_MLS
- MLS ID: 1699450
- Added to Site: 261 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Allegheny-East
- Driving Directions: GPS
School Information
- Elem School District: Pittsburgh
- Midd School District: Pittsburgh
- High School District: Pittsburgh
Community
- Units Assoc/Comm: 2
Structural Information
- Construction: Vinyl Siding
- Roof: Asphalt
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0551
- Lot Dimensions: .0551
- Zoning: R2-H
Financial Considerations
- Assessment Amount: $64,900
- Tax Amount: $1,495
Disclosures and Reports
- Special Conditions: Short Sale
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Schools
Schools serving 3552 Melwood Ave
School District:Pittsburgh School District
| Name | Grades | Distance |
|---|---|---|
Pittsburgh Woolslair K-5 501 40th Street, Pittsburgh, PA 15224 | PK-5 | 0.3 mi |
Pittsburgh Arsenal 6-8 220 40th Street, Pittsburgh, PA 15201 | 6-8 | 0.6 mi |
Pittsburgh Milliones 6-12 3117 Centre Avenue, Pittsburgh, PA 15219 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3552 Melwood Ave
Date
Details
Price
Change
Source
6/18/2025
Sold
$160,000
-15.79%
MLS
5/23/2025
Price Reduced
$190,000
-4.95%
MLS
5/15/2025
Price Reduced
$199,900
-2.44%
MLS
5/02/2025
Listed
$204,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3552 Melwood Ave, Pittsburgh, PA 15213 (MLS# 1699450) is a Duplex property that was sold at $160,000 on June 18, 2025. This property was listed by Laun Silk from our Shadyside Office.Want to learn more about 3552 Melwood Ave? Do you have questions about finding other Duplex real estate for sale in Polish Hill? You can browse all Polish Hill real estate or contact a Coldwell Banker agent to request more information.


