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1020 Stanhope St 7 Unit Apartment Building Offered at $546,819 CAD Pittsburgh, PA 15204
Investment Highlights
- side by side townhome style
- updated roof, electrical, plumbing and windows
- long term tenants
Executive Summary
LOCATION: 1020-1028 Stanhope St., Pittsburgh, PA 15204
An exceptional opportunity for investors to acquire a stabilized, high-income multi-family asset in Pittsburgh’s 20th Ward (West End/Sheraden). This solid brick building features a side-by-side configuration, where every unit is two stories, offering a "Townhome" feel that attracts long-term residents.
Low Owner Expenses:
Utilities: For the most part, tenants pay ALL utilities (Water, Sewage, Gas, & Electric).
Excepting: Owner pays water/sewer on 4 of the units, which are on one meter. The tenants pay for all other utilities.
Annual Insurance: $3,000
Annual Utility Expense (Owner): $2,400 plus/minus
Rental Stability: Majority of tenants have been in place for 3+ years, with some 10+ year residents. Units are currently part of the Section 8 program.
UNIT BREAKDOWN
Each of the 7 units features a 2-Bedroom, 1-Bathroom two-story layout:
1: $1,000/mo
2: $850/mo
3: $1000/mo
4: $950/mo
5: $950/mo
6: $950/mo
7: $950/mo
PROPERTY FEATURES & UPDATES
Construction: Solid Brick building with a large yard (potential for conversion to off-street parking).
Updated Roof: 75% of the roof is new, updated within the last 3 years.
Updated Electrical: All electrical panels updated within the last 7 years.
Updated Plumbing: Main line and all plumbing updated within the last 7 years.
Updated Windows: Vinyl Double Pane Windows Installed Approximately 2016.
Tax Info:
Tax ID: 0042-J-00141-0000-00
Annual County Tax: $527
Annual Township Tax: $661
Annual School Tax: $841
An exceptional opportunity for investors to acquire a stabilized, high-income multi-family asset in Pittsburgh’s 20th Ward (West End/Sheraden). This solid brick building features a side-by-side configuration, where every unit is two stories, offering a "Townhome" feel that attracts long-term residents.
Low Owner Expenses:
Utilities: For the most part, tenants pay ALL utilities (Water, Sewage, Gas, & Electric).
Excepting: Owner pays water/sewer on 4 of the units, which are on one meter. The tenants pay for all other utilities.
Annual Insurance: $3,000
Annual Utility Expense (Owner): $2,400 plus/minus
Rental Stability: Majority of tenants have been in place for 3+ years, with some 10+ year residents. Units are currently part of the Section 8 program.
UNIT BREAKDOWN
Each of the 7 units features a 2-Bedroom, 1-Bathroom two-story layout:
1: $1,000/mo
2: $850/mo
3: $1000/mo
4: $950/mo
5: $950/mo
6: $950/mo
7: $950/mo
PROPERTY FEATURES & UPDATES
Construction: Solid Brick building with a large yard (potential for conversion to off-street parking).
Updated Roof: 75% of the roof is new, updated within the last 3 years.
Updated Electrical: All electrical panels updated within the last 7 years.
Updated Plumbing: Main line and all plumbing updated within the last 7 years.
Updated Windows: Vinyl Double Pane Windows Installed Approximately 2016.
Tax Info:
Tax ID: 0042-J-00141-0000-00
Annual County Tax: $527
Annual Township Tax: $661
Annual School Tax: $841
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,159
|
$15.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,159
|
$15.59
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,159 |
| Annual Per SF | $15.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,159 |
| Annual Per SF | $15.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,367 CAD | - |
1 1
Property Taxes
| Parcel Number | 0042-J-00141-0000-00 | Improvements Assessment | $64,251 CAD (2025) |
| Land Assessment | $47,847 CAD (2025) | Total Assessment | $112,098 CAD (2025) |
Property Taxes
Parcel Number
0042-J-00141-0000-00
Land Assessment
$47,847 CAD (2025)
Improvements Assessment
$64,251 CAD (2025)
Total Assessment
$112,098 CAD (2025)
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1020 Stanhope St
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