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PLAZA 401 Plaza Dr 61 Unit Apartment Building $37,689,841 CAD ($617,866 CAD/Unit) 6.67% Cap Rate Pittsburgh, PA 15236

Apartment Buildings Pennsylvania Pittsburgh 401 Plaza Dr, Pittsburgh, PA 15236

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INVESTMENT HIGHLIGHTS

  • Fully Occupied NEW Luxury Rental 61 Townhome Community For Sale
  • Quiet Cul De Sac Community in Pittsburgh
  • Centrally Located to ALL Pittsburgh area amenities, workplaces, highways and businesses
  • Profitable. Low Overhead, Easily Managed

EXECUTIVE SUMMARY

61 Fully Occupied Luxury Rental Townhome Units for Sale. Custom built in 2021-2023. All units, individually deeded and metered. All units are 3 bedrooms, 2 1/2 baths, 2 car garage. 2 distinct floor plans. New Homes, low maintenance, low overhead, easy portfolio management. Community Salt Water Pool and Recreation Area, Neighborhood Hiking Trails, Cul de Sac Private Street. Close proximity to Pittsburgh, all local roads and highways, UPMC and AHN medical facilities, major colleges including Carnegie Mellon and the University of Pittsburgh, shopping, restaurants, entertainment, parks and local attractions. 100% occupancy with consistent rental income and waiting list. Cap Rate at 6% for 2025 easily capitalized 2026 at 7%.

PROPERTY FACTS

Price $37,689,841 CAD Apartment Style Townhome
Price Per Unit $617,866 CAD Building Class B
Sale Type Investment Lot Size 14.31 AC
Cap Rate 6.67% Building Size 41,736 SF
Sale Conditions
Bulk/Portfolio Sale
  • Business Value Included
 Average Occupancy 100%
No. Units 61 No. Stories 2
Property Type Multifamily Year Built 2021
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Parking Ratio 0.1/1,000 SF
Zoning Res - Residential Zoning, Individually deeded parcels
Price $37,689,841 CAD
Price Per Unit $617,866 CAD
Sale Type Investment
Cap Rate 6.67%
Sale Conditions
Bulk/Portfolio Sale
  • Business Value Included
No. Units 61
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 14.31 AC
Building Size 41,736 SF
Average Occupancy 100%
No. Stories 2
Year Built 2021
Parking Ratio 0.1/1,000 SF
Zoning Res - Residential Zoning, Individually deeded parcels

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Carpet
  • Yard
  • Basement
  • Breakfast Nook
  • Deck
  • Dining Room
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Pantry
  • Porch
  • Smoke Free
  • Vinyl Flooring
  • Window Coverings
  • Large Bedrooms
  • Quartz Countertops

SITE AMENITIES

  • 24 Hour Access
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Wi-Fi
  • Individual Locking Bedrooms
  • Private Bathroom

ABOUT 401 PLAZA DR , PITTSBURGH, PA 15236

New Luxury Rental Community consisting of 61 units within the portfolio, FULLY OCCUPIED and established rental history. Easy to manage, waiting list for occupancy, low overhead, upscale community, salt water pool and recreation area, private community hiking trails, quiet serene setting, cul de sac street.All units 3 Bedrooms, 2.5 Baths, 2 Car Garage - 2 different floor plans/models. Business/Landlord historically profitable investment. Prime location for all of the Pittsburgh region - close to the city, all major highways, UPMC and AHN hospital systems, Carnegie Mellon University and the University of Pittsburgh, grocery stores, restaurants, parks and entertainment securing longevity with tenants and investment.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 61 $4,258 CAD -

LINKS

1 1
(412) 334-0536

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 37670035

  • Date on Market: 2025-09-13

  • Last Updated:

  • Address: 401 Plaza Dr, Pittsburgh, PA 15236

The Pleasant Hills Multifamily Property at 401 Plaza Dr, Pittsburgh, PA 15236 is currently available. Contact Zokaites Contracting, Inc. for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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PLAZA | 401 Plaza Dr
(412) 334-0536 x

PLAZA | 401 Plaza Dr

Dana Zokaites
(412) 334-0536

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