Log In/Sign Up
Your email has been sent.
659 Maryland Ave 5 Unit Apartment Building $1,539,000 CAD ($307,800 CAD/Unit) 6.05% Cap Rate Pittsburgh, PA 15232
Investment Highlights
- Prime Shadyside location — strong rental demand
- 2 of 5 units fully remodeled (2024–2025) — proven rent lift over 12%
- Consistent rent growth across all units since 2021 acquisition
- 100% occupied, all tenants on signed leases through 2026+ (4 through summer 2027)
- 3 remaining units are marketable as-is, but still have remodel upside
Executive Summary
Fully stabilized 5-unit apartment building in Pittsburgh's Shadyside neighborhood. The property features a mix of three 2-bedroom and two 1-bedroom units across 3 stories, generating $90,300 in annual rental income at 100% occupancy. Two units were fully remodeled in 2024-2025 with proven rent lifts to $1,625-$1,700/mo. Three units remain unremodeled with clear value-add upside supported by in-building remodel comps. New coin-op laundry (est $1,040/yr) installed Q1 2026. All tenants on signed leases through 2026+. Low 25.4% expense ratio with $68,105 NOI at current run rate and $74,994 pro forma NOI.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,539,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $307,800 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.05% | Building Size | 5,634 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2024 |
| Price | $1,539,000 CAD |
| Price Per Unit | $307,800 CAD |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,634 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2024 |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Hardwood Floors
- Yard
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,343 CAD | - |
| 1+1 | 2 | $1,676 CAD | - |
1 1
Exceptionally walkable
90/100
Somewhat drivable
30/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0084-N-00334-0000-00 | Improvements Assessment | $343,642 CAD (2025) |
| Land Assessment | $177,566 CAD (2025) | Total Assessment | $521,208 CAD (2025) |
Property Taxes
Parcel Number
0084-N-00334-0000-00
Land Assessment
$177,566 CAD (2025)
Improvements Assessment
$343,642 CAD (2025)
Total Assessment
$521,208 CAD (2025)
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Compass
659 Maryland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.