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Investment Highlights
- One block from scenic Frick Park with seamless access to outdoor recreation and trails.
- Historic architectural elements include original woodwork, mantels, and decorative fireplaces.
Executive Summary
A rare opportunity to acquire a 5,145 sq ft landmark brick and stone legal 5 unit apartment building in the heart of Point Breeze just 1 block from Frick Park. This exceptionally maintained income property blends historic character with strong investment fundamentals. A grand concrete front porch framed by impressive round columns creates a memorable first impression while beautifully preserved original woodwork, decorative fireplaces with original mantels, wide hallways, and spacious floorplans showcase timeless craftsmanship throughout. The building features 4 one bedroom units and a penthouse 2 bedroom suite with a private balcony. Equipped oak kitchens, spacious baths, well maintained Lennox furnaces, laminate flooring, hard wired smoke detectors, separate gas and water meters, and an updated roof (2019) support efficient ownership. A fully inspected metal fire escape serves the upper 3 floors. The expansive finished lower level includes several split unit air conditioners, a powder room, and coin operated laundry (rented) offering exceptional flexibility for offices, storage or future value enhancement. The oversized integral garage with shelving and workbench plus a large asphalt parking lot provide amenities rarely found in city multifamily assets. Two of the units are currently rented, but the tenants have already been given notice to vacate creating immediate opportunities for rent optimization. This is an exceptional investment opportunity to own a legacy multifamily asset in one of Pittsburgh's most sought after neighborhoods.
Property Facts
| Price | $905,651 CAD | Building Class | C |
| Price Per Unit | $181,130 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,145 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $905,651 CAD |
| Price Per Unit | $181,130 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,145 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.97/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0175-N-00296-0000-00 | Improvements Assessment | $505,981 CAD |
| Land Assessment | $96,291 CAD | Total Assessment | $602,272 CAD |
Property Taxes
Parcel Number
0175-N-00296-0000-00
Land Assessment
$96,291 CAD
Improvements Assessment
$505,981 CAD
Total Assessment
$602,272 CAD
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