215 S Braddock Ave - Apartments FOR SALE


Pittsburgh, PA 15221- Point Breeze
$700,000 USD
215 S Braddock Ave, Pittsburgh, PA for Sale
$700,000 USD
Apartments - FOR SALE
1/2
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

This rare 5-unit apartment building in the heart of Point Breeze offers investors a distinctive opportunity to acquire a legacy multifamily asset in one of Pittsburgh’s most stable and desirable rental neighborhoods. Just one block from Frick Park, the property combines historic architecture with modern upgrades, ensuring both character and operational efficiency. The residence features four spacious one-bedroom apartments and a private two-bedroom penthouse suite with an exclusive balcony, delivering broad tenant appeal. Original architectural details such as grand columns on the concrete front porch, decorative fireplaces with intact mantels, and rich woodwork have been preserved, creating lasting aesthetic value. Recent capital improvements include an updated roof (2019), well-maintained Lennox furnaces, laminate flooring, and modernized safety measures with hard-wired smoke detectors. Utilities are separately metered for gas and water, supporting streamlined expense control. Additional value lies within the expansive finished lower level, providing flexible space for storage, future unit expansion, or amenities, and already includes a powder room, coin-operated laundry, and split-unit cooling systems. Parking is rarely a concern with an oversized integral garage and a large asphalt parking lot, a notable advantage in an urban setting. Two units are currently occupied under expiring leases, creating immediate opportunities for rent repositioning or unit upgrades. This property offers durable income potential and substantial long-term upside within an established, high-demand neighborhood.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

5

PRICE/UNIT

$140,000

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

Lori MaffeoLori MaffeoMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Lori MaffeoLori MaffeoMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.