$3,561 Closing Credit¹
#1681203, TAMARA DAVIS, Listing Office: Berkshire Hathaway The Preferred Realty
$252,000 List price
3552 Melwood Ave Polish Hill, PA 15213
$2,993
Closing credit¹
0.06 acres
Multi-Family
Property details
About 3552 Melwood Ave
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!
Highlights
Home typeDuplex
StatusActive
BasementYes
Lot size0.0551 Acres
Year built1900
ParkingOn Street
MLS #1690673
Summary
- MLS Number: 1690673
- MLS Name: WESTPENN
- Office Name: Coldwell Banker Realty
- Office Phone: (412) 363-4000
- Listing Agent: Laun Silk
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info 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. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$252,000
3552 Melwood Ave
$2,993
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
5
Pittsburgh Woolslair
Public District EE-5
0.3 mi
•501 40th St
5
Pittsburgh Arsenal
Public District EE-5
0.6 mi
•215 39th St
6
Pittsburgh Montessori K-5
Public Magnet PK-5
1.3 mi
•201 S Graham St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,276. The majority of Polish Hill, PA residents have income less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
42%
<35k
33%
35k-100k
22%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
8%
Single, with Kids
21%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Tennis
Pro Boxing
Music Concerts
Where do the neighbors shop?
Crate & Barrel
IKEA
H&M
Where do the neighbors go to eat?
Starbucks
Quiznos
Chipotle
What do the neighbors drive?
BMW
Lexus
Volkswagen
What do the neighbors listen to?
News
Soft Adult Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 3552 Melwood Ave in Polish Hill, PA and zip code 15213 in the Polish Hill neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $252,000.
Over 66 listings were sold over their listed price in February 2025 in Polish Hill, PA. In the same period over 232 listings were sold below the listed price and 54 listings were sold for the listed price. The number of homes for sale in Polish Hill, PA increased by 3.8% between January and February 2025. While the average time on the market in February 2025 was 68 days, the median list price was $250,230.
From Rocket Homes Real Estate and based on county public records data.