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
Zoning:
C
Original Entry Timestamp:
06/04/2026
Agent Info
List Agent Direct Work Phone:
412-561-7400
List Agent Full Name:
Melissa Palmer
List Agent MLSID:
226377

Commercial-industrial-business For Sale

216 Pike St, Houston, 15342

0.16 Acre
$275,000
Listing ID #1747070
Basic Details
Property Type :
Commercial-industrial-business
Listing Type :
For Sale
Listing ID :
1747070
Price :
$275,000
Year Built :
1917
Lot Area :
0.16 Acre
County:
Washington
City:
Houston
Zipcode:
15342
Status :
Active
Agent info
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