533-535 STATE Street, Meadville, PA
$ 188,900
Property Attributes
  • MLS#165467
  • TypeMulti-Family
  • CountyCRAWFORD
  • CityMeadville
  • AreaMeadville City
  • Zip16335
  • StyleTwo Story
  • Taxes$ 3503
  • Price$ 188,900
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4008
Data Source:
Greater Erie MLS (GEMLS)
Property Description

Commercial property in city areas often represents a golden opportunity for investors seeking to capitalize on the world of real estate. Start with this property with 5 income producing units with one apartment being updated, a newer roof and back rear porches. Great location close to the hospital and Allegheny College. Plenty of parking! Moreover, commercial leases tend to be longer, providing a more stable income stream and reducing the frequency of tenant turnover.

Price History
9/9/2022 Listed $296,700
11/3/2022 3% - $289,900
5/5/2023 4% - $279,900
6/13/2023 8% - $258,700
7/17/2023 9% - $235,700
8/24/2023 10% - $212,500
2/7/2024 7% - $198,900
4/11/2024 6% - $188,900

General Features

Sewer PublicSewer
Heating ForcedAir,Gas
Cooling None
Possession CloseOfEscrow
Roof Composition
Zoning I-2
Garage Spaces 4.0
Architectural Style TwoStory
Construction Materials Frame,Mixed
Security Deposit 3000.0
Stories 2
Township Meadville
Levels Two
Property SubType MultiFamily
Tax Year 2022
Gross Income 28200.0
County Crawford
Net Operating Income 24960.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Status Active
Directions From CCCH: Diamond to N Main,R on North St,Continue on State St,Property will be on the left.
ModificationTimestamp 2024-04-16T16:36:16.000-00:00
City Meadville
View Y/N No
Senior Community Y/N No
High School District Crawford Central
Zoning Description B-2
NumberOfUnitsTotal 5
MLS Area 19 - Meadville City
Lot Size Units Acres
Waterfront Y/N No
Carport Y/N No
Property Attached Y/N No
Year Built Details Unknown
Land Lease Y/N No
Tax Annual Amount 3503.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 585
Standard Status Active
Middle/Junior School District Crawford Central
Elementary School District Crawford Central
Tax Assessed Value 34450
MobileHomeRemainsYN No
PostalCity Meadville

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 6
Electric On Property Y/N No
LivingAreaSource Assessor

Exterior Features

Parking Features Detached,Garage
Lot Features Level,MineralRights
Water Source Public
Total Parking 10.0
Spa No
Building Area Total 4008.0
Lot Dimensions 88x177x82x165
Road Surface Type Paved
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 16335

AVG $190K
AVG $3,553
AVG 360
Data Provided by Inside Real Estate®
AVG 84
Data Provided by Walkscore® not using MLS data