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%
For sale
$275,000
216 E Pike St, Houston, PA 15342
5beds
5baths
--sqft
Multi Family
Built in 1917
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated electricalNew appliancesBath updates
- 169 days |
- 158 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Melissa Palmer 412-561-7400,
HOWARD HANNA REAL ESTATE SERVICES 412-561-7400
Source: WPMLS,MLS#: 1727127
Originating MLS: West Penn Multi-List
Originating MLS: West Penn Multi-ListLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Property
Lot
- Size: 6,751 Square Feet
- Dimensions: 0.155
Details
- Parcel number: 3600080002000900
- Zoning: C
- Zoning description: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1917
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Public Transportation
Location
- Region: Houston
Financial & listing details
- Tax assessed value: $109,500
- Annual tax amount: $4,082
- Date on market: 1/16/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,932/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Price change | $275,000-8% |
Source:  WPMLS #1727127 Report a problem | ||
| 1/16/2026 | Listed for sale | $299,000-8% |
Source: WPMLS #1727127 Report a problem | ||
| 12/8/2025 | Listing removed | $325,000 |
Source: WPMLS #1727127 Report a problem | ||
| 10/25/2025 | Listed for sale | $325,000+664.7% |
Source: WPMLS #1727127 Report a problem | ||
| 10/26/2023 | Sold | $42,500-84.2% |
Source: WPMLS #1624800 Report a problem | ||
| 10/4/2023 | Pending sale | $269,000 |
Source: BHHS broker feed #1624800 Report a problem | ||
| 10/4/2023 | Contingent | $269,000 |
Source: WPMLS #1624800 Report a problem | ||
| 9/24/2023 | Listed for sale | $269,000 |
Source: WPMLS #1624800 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,030 +0.7% | $109,500 |
| 2024 | $2,017 | $109,500 |
| 2023 | $2,017 | $109,500 |
| 2022 | $2,017 | $109,500 |
| 2021 | $2,017 +5.1% | $109,500 |
| 2020 | $1,919 +621.2% | $109,500 |
| 2018 | $266 +1335.2% | $109,500 |
| 2017 | $19 -95.7% | $109,500 +633.9% |
| 2016 | $433 | $14,921 |
| 2015 | $433 +16.4% | $14,921 |
| 2014 | $372 | $14,921 |
| 2013 | $372 | $14,921 |
| 2012 | -- | $14,921 |
| 2011 | -- | $14,921 |
| 2010 | -- | $14,921 |
| 2009 | -- | $14,921 |
| 2008 | -- | $14,921 |
| 2007 | -- | $14,921 |
| 2006 | -- | $14,921 |
| 2005 | -- | $14,921 |
| 2004 | -- | $14,921 |
| 2003 | -- | $14,921 |
| 2002 | -- | $14,921 |
| 2000 | -- | $14,921 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 15342
Nearby schools
GreatSchools rating
- 6/10Allison Park El SchoolGrades: K-6Distance: 1.7 mi
- 7/10Chartiers-Houston Junior-Senior High SchoolGrades: 7-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Chartiers-Houston
Source: WPMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Pennsylvania
- Washington County
- Houston
- 15342
- 216 E Pike St
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