Rare investment & Development opportunity - 5 income producing properties + vacant lot + 7-bay garage (sold as one package). Here's your chance to own an entire corner block of real estate in Meadville, PA! Located at the intersection of North Street & Grove Street. This portfolio features: A large 4 bedroom, 2 bath, 2 story home with endless potential -- 3 up & down Duplexes, solid income producers with separate entrances and utilities -- Another Single unit home with 4 bedrooms and 1 bath, great for additional rental income or owner occupancy -- A vacant lot ready for development, parking, or future expansion -- A detached 7-bay garage, offering bonus income from individual rentals or storage. Conveniently located to all of Meadville's amenities.
Great investment opportunity. Located in the heart of Meadville City. Fourplex Near the main intersection of North St & N. Main. All 4 units furnished, 4 efficiency apartments. Owner controls payment of utilities - 1 meter all utilities, & owner pays. Long term ownership. 1 car detached garage owner uses as workshop & storage. Street parking only. Two units have porches, front and rear. Annual gross income is currently $31,500. Metal roof 2023, New gas hot water heater.
Centrally located 2 unit duplex. Each unit features; living room w/decorative fireplace, dining room, kitchen and butler pantry offering ample storage. The 2nd floor of each unit includes a full bath and 3 nice sized bedrooms. Unit 703 features 1.5 bathrooms and unit 705 has 1 full bath. Both units have access to the basement as well as the attic for laundry and additional storage. Recent updates include; furnace, electric, windows, metal roof and H/W tanks. Off Street parking. Long term tenants. THIS PROPERTY HAS PASSED THE CITY OF MEADVILLE RENTAL INSPECTION.
This exceptional commercial property offers the perfect blend of style, stability, and strong returns. Fully leased and cash-flowing from day one, it features three high-performing units—including a thriving first floor restaurant and two renovated upscale apartments above. The residential units boast modern layouts, premium finishes, and quality tenants. The restaurant space is equipped and includes select commercial kitchen equipment, delivering added value. Situated on high-visibility Market Street in downtown Meadville, this location ensures steady foot traffic and accessibility. Best of all, the property delivers an outstanding cap rate of nearly 12%, making it a rare and lucrative opportunity for any investor. A liquor license is also available—contact the listing agent for details. Opportunities like this don’t come around often. Whether you're expanding your portfolio or securing your first commercial investment, this turnkey asset checks all the boxes.
Meadville is located in Pennsylvania. Meadville, Pennsylvania has a population of 12,999. Meadville is more family-centric than the surrounding county with 25.16% of the households containing married families with children. The county average for households married with children is 25.08%.
The median household income in Meadville, Pennsylvania is $40,694. The median household income for the surrounding county is $55,042 compared to the national median of $69,021. The median age of people living in Meadville is 36.3 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 42.2 inches per year, with 74.6 inches of snow per year.
