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%
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%
West Penn MLS #1624800
Oct 26, 2023
Sold
$42,500
Oct 3, 2023
Pending
—
Sep 24, 2023
Listed
$269,000
+7
Great investment opportunity. Lots of potential!! Needs some TLC. 5 units all 1 bedroom 1 bathroom. In the heart of Houston. Off street parking. Sold As-Is part sold by itself or part of a larger estate bundle of properties.
Year
Property tax
Land + Additions
Assessment*
2026
$2,197 (+5.4%)
$45,400 + $64,100
$109,500
2025
$2,085 (+3.4%)
$45,400 + $64,100
$109,500
2024
$2,017
$45,400 + $64,100
$109,500
2023
$2,017
$45,400 + $64,100
$109,500
2022
$2,017 (+2.7%)
$45,400 + $64,100
$109,500
2021
$1,964 (+2.4%)
$45,400 + $64,100
$109,500
2020
$1,919 (+1.7%)
$45,400 + $64,100
$109,500
2019
$1,887 (+1.8%)
$45,400 + $64,100
$109,500
2018
$1,854 (−87.0%)
$45,400 + $64,100
$109,500
2017
$14,230 (+450.1%)
$45,400 + $64,100
$109,500
2015
$2,587
$927 + $13,994
$14,921
Public record
Beds
—
Baths
—
Stories
—
Lot width
50 ft.
Lot depth
135 ft.
Lot size
6,752 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Washington County
APN
3600080002000900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 95° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Houston, PA • 15342
Average low and high temperatures (°F)
31
16
39
23
57
36
66
45
68
50
80
61
84
66
81
59
79
54
67
43
52
35
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Houston. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 216 E Pike St
There isn’t enough information to generate an accurate estimate at this time. Learn More