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.