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305 Bessemer Ave 6 Unit Apartment Building $657,989 CAD ($109,665 CAD/Unit) 10.71% Cap Rate East Pittsburgh, PA 15112
Investment Highlights
- Turnkey investment property
- Roof replaced 9 years ago
- Laundry on site
- Most mechanicals updated
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 305 Bessemer Ave in East Pittsburgh for sale. This is a 6 unit property made up of (3) 2BD/1BA units and (3) 3BD/1BA units. The building is well maintained by the current owner and many recent updates have been made to the units. The landlord pays for trash and tenants pay for all other utilities.
All units are separately metered for Water and Electric. There is no gas service to the property.
Four of six units are currently occupied by families, with three longer-term tenants providing stability. Room to increase rents through continued unit updates and professional management.
All units are separately metered for Water and Electric. There is no gas service to the property.
Four of six units are currently occupied by families, with three longer-term tenants providing stability. Room to increase rents through continued unit updates and professional management.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,013
|
$18.17
|
| Other Income |
$1,995
|
$0.33
|
| Vacancy Loss |
$5,451
|
$0.91
|
| Effective Gross Income |
$105,557
|
$17.59
|
| Taxes |
$4,358
|
$0.73
|
| Operating Expenses |
$22,796
|
$3.80
|
| Total Expenses |
$27,153
|
$4.53
|
| Net Operating Income |
$78,403
|
$13.07
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,013 |
| Annual Per SF | $18.17 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,995 |
| Annual Per SF | $0.33 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,451 |
| Annual Per SF | $0.91 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $105,557 |
| Annual Per SF | $17.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,358 |
| Annual Per SF | $0.73 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,796 |
| Annual Per SF | $3.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,153 |
| Annual Per SF | $4.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $78,403 |
| Annual Per SF | $13.07 |
Property Facts
| Price | $657,989 CAD | Building Class | C |
| Price Per Unit | $109,665 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 10.71% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/1985 |
| Property Subtype | Apartment | Cross Streets | Western Ave |
| Apartment Style | Low-Rise | ||
| Zoning | NC - Mixed-Use Commercial - Neighborhood Mixed Use Commercial District | ||
| Price | $657,989 CAD |
| Price Per Unit | $109,665 CAD |
| Sale Type | Investment |
| Cap Rate | 10.71% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/1985 |
| Cross Streets | Western Ave |
| Zoning | NC - Mixed-Use Commercial - Neighborhood Mixed Use Commercial District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0375-P-00214-0000-00 | Total Assessment | $111,927 CAD |
| Land Assessment | $13,852 CAD | Annual Taxes | $4,358 CAD ($0.73 CAD/SF) |
| Improvements Assessment | $98,075 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0375-P-00214-0000-00
Land Assessment
$13,852 CAD
Improvements Assessment
$98,075 CAD
Total Assessment
$111,927 CAD
Annual Taxes
$4,358 CAD ($0.73 CAD/SF)
Tax Year
2025
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305 Bessemer Ave
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