Property Description
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
- Utilities Available:
- Electricity, Gas, Sewer, Water
Additional information
- Directions:
- I-79 to Houston exit, S. Main St toward Houston. Right on E Pike St.
- List Office MLSID:
- 13406
- List Office Name:
- HOWARD HANNA REAL ESTATE SERVICES
- Lot Size:
- 0.155
- Taxes:
- $4,082
- Unit Count:
- 5
- Zoning:
- C
- School District:
- Chartiers-houston
- Original Entry Timestamp:
- 25/10/2025
Agent Info
- List Agent Direct Work Phone:
- 412-561-7400
- List Agent Full Name:
- Melissa Palmer
- List Agent MLSID:
- 226377
Multi-unit For Sale
216 Pike St, Houston, 15342
0.16 Acre
$275,000
Listing ID #1727127
Basic Details
- Property Type :
- Multi-unit
- Listing Type :
- For Sale
- Listing ID :
- 1727127
- Price :
- $275,000
- Year Built :
- 1917
- Lot Area :
- 0.16 Acre
- County:
- Washington
- City:
- Houston
- Zipcode:
- 15342
- Status :
- Active

