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!
Sold for $160,000
$160,000
3552 Melwood Ave, Pittsburgh, PA 15213
5beds
3baths
--sqft
Duplex, Multi Family, Multi Family
Built in 1900
-- sqft lot
$277,700 Zestimate®
$--/sqft
$1,658 Estimated rent
Home value
$277,700
$214,000 - $350,000
$1,658/mo
Zestimate® history
Owner options
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$1,658/mo
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$1,658/mo
Rent Zestimate®
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$1,145/mo
Est. payment
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$1,145/mo
Est. payment
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New electrical wiringPlumbing rough-insStunning city views
Zillow last checked:
Listing updated:
Listed by:
Laun Silk 412-363-4000,
COLDWELL BANKER REALTY
Bought with:
Logan Koch, RS371556
DEACON & HOOVER REAL ESTATE ADVISORS LLC
Source: WPMLS,MLS#: 1699450
Originating MLS: West Penn Multi-List
Originating MLS: West Penn Multi-ListFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 2,400 Square Feet
- Dimensions: 0.0551
Details
- Parcel number: 0026F00090000000
- Zoning: R2-H
- Zoning description: R2-H
- Special conditions: Short Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1900
Community & HOA
Community
- Features: Public Transportation
Location
- Region: Pittsburgh
Financial & listing details
- Tax assessed value: $64,900
- Annual tax amount: $1,495
- Date on market: 5/2/2025
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $160,000-15.8% |
Source:  WPMLS #1699450 Report a problem | ||
| 5/29/2025 | Pending sale | $190,000 |
Source: WPMLS #1699450 Report a problem | ||
| 5/23/2025 | Price change | $190,000-5% |
Source: WPMLS #1699450 Report a problem | ||
| 5/15/2025 | Price change | $199,900-2.4% |
Source: WPMLS #1699450 Report a problem | ||
| 5/2/2025 | Price change | $204,900-4.7% |
Source: WPMLS #1699450 Report a problem | ||
| 4/28/2025 | Price change | $215,000-4.4% |
Source: WPMLS #1690673 Report a problem | ||
| 4/13/2025 | Listed for sale | $225,000-2.2% |
Source: WPMLS #1690673 Report a problem | ||
| 3/27/2025 | Contingent | $230,000 |
Source: WPMLS #1690673 Report a problem | ||
| 3/24/2025 | Price change | $230,000-6.1% |
Source: WPMLS #1690673 Report a problem | ||
| 3/17/2025 | Price change | $245,000-2.8% |
Source: WPMLS #1690673 Report a problem | ||
| 3/5/2025 | Listed for sale | $252,000+88.4% |
Source: WPMLS #1690673 Report a problem | ||
| 2/27/2024 | Sold | $133,750+345.8% |
Source: Public Record Report a problem | ||
| 4/11/2006 | Sold | $30,000+150% |
Source: Public Record Report a problem | ||
| 3/6/1996 | Sold | $12,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,597 +6.8% | $64,900 |
| 2024 | $1,495 +387.1% | $64,900 |
| 2023 | $307 | $64,900 |
| 2022 | $307 | $64,900 |
| 2021 | $307 +2% | $64,900 |
| 2020 | $301 -2% | $64,900 |
| 2019 | $307 -79.1% | $64,900 |
| 2018 | $1,469 | $64,900 |
| 2017 | $1,469 +378.4% | $64,900 |
| 2016 | $307 -70.4% | $64,900 +38.4% |
| 2015 | $1,038 +1911.8% | $46,900 |
| 2014 | $52 | $46,900 -6% |
| 2013 | -- | $49,900 +353.6% |
| 2012 | -- | $11,000 |
| 2011 | -- | $11,000 |
| 2010 | -- | $11,000 |
| 2009 | -- | $11,000 |
| 2008 | -- | $11,000 -57.7% |
| 2007 | -- | $26,000 |
| 2006 | -- | $26,000 |
| 2005 | -- | $26,000 |
| 2004 | -- | $26,000 |
| 2003 | -- | $26,000 |
| 2002 | -- | $26,000 |
Find assessor info on the county website
Neighborhood: Polish Hill
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Nearby schools
GreatSchools rating
- 4/10Pittsburgh Woolslair K-5Grades: K-5Distance: 0.3 mi
- 5/10Pittsburgh Arsenal 6-8Grades: PK,6-8Distance: 0.6 mi
- 3/10Pittsburgh Milliones 6-12Grades: 6-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Pittsburgh
Source: WPMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Allegheny County
- Pittsburgh
- 15213
- Polish Hill
- 3552 Melwood Ave
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