About 216 Pike Street
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%
Features of 216 Pike Street
| MLS® # | 1727127 |
|---|---|
| Price | $325,000 |
| Bathrooms | 0.00 |
| Acres | 0.16 |
| Year Built | 1917 |
| Type | Residential Income |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 216 Pike Street |
|---|---|
| Area | Houston |
| City | Houston |
| County | Washington |
| State | PA |
| Zip Code | 15342 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Features | Public Transportation |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | 0.155 |
|---|
School Information
| District | Chartiers-Houston |
|---|
Additional Information
| Date Listed | October 25th, 2025 |
|---|---|
| Days on Market | 2 |
| Zoning | C |
Listing Details
| Office | HOWARD HANNA REAL ESTATE SERVICES |
|---|---|
| Contact Info | 412-561-7400 |