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1663 Suburban Avenue

Pittsburgh PA 15216

2
0.49 ac.
Duplex
Currently for sale - view listing

Overview

This well-maintained four-unit investment property in Pittsburgh's Beechview neighborhood presents an exceptional opportunity for investors seeking immediate cash flow. The property is 100% occupied and offers an impressive 9.0% cap rate, making it a strong addition to any investment portfolio. Each of the four units features a functional 1-bedroom, 1-bathroom layout with a combination of LVT and carpeting throughout. Several units showcase beautiful original woodwork, adding character and charm that tenants appreciate. Residents also enjoy the convenience of an on-site, shared coin-operated washer and dryer, providing an additional income stream. Situated on a quiet dead-end street with minimal traffic, the property offers both on-street parking and two off-street parking spaces. It is ideally located less than one block from the Westfield PRT Station (Trolley), providing quick and convenient access to Downtown Pittsburgh, the West End, and the South Hills within minutes... and if driving, Only 9 Minutes to Point State Park! The building is individually metered for electric, with tenants responsible for their own electric service. The owner pays for gas heat (hot water boiler system), water, sewer, common area electric, taxes, and insurance. With its strong occupancy history, desirable location, classic architectural details, and excellent investment metrics, this turnkey multifamily property is an outstanding opportunity for both seasoned and first-time investors.

Features

2 carspaces
0.49 ac. lot size
Duplex

Happy sellers in Pittsburgh

100%
100% of sellers in Pittsburgh reported that their sale price either exceeded or met their price expectations.

Pittsburgh stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Pittsburgh over the last 12 months.

Local market activity for duplexes in Pittsburgh

In the last 12 months, 36 duplexes similar to 1663 Suburban Avenue, have been sold.

This represents a 9% increase in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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