215 S Braddock Ave - Apartments FOR SALE


Pittsburgh, PA 15221- Point Breeze
$650,000 USD
215 S Braddock Ave, Pittsburgh, PA for Sale
$650,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

215 S Braddock Ave
Pittsburgh, PA 15221
Point Breeze


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

-

APN/PARCEL ID

0175-N-00296-0000-00

ASK ABOUT THIS PROPERTY

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