Polish HillPittsburgh School DistrictAllegheny County
Fourplex0.11 Acres4 Units
Fully updated brick 4-unit building in Polish Hill, now newly rezoned as a legal quadplex with two new off-street parking pads added, creating 4 total spaces (one per unit). This prime turn-key investment opportunity offers flexible long-term rental and short-term rental potential. Unit mix includes one 3-bedroom / 1-bathroom unit, two 1-bedroom / 1-bathroom units, and one Studio apartment. Some units currently operate as successful Airbnbs. Features refreshed kitchens and bathrooms, updated mechanicals. Solid construction, tall ceilings, separate entries with coded locks, laundry in largest unit, basement storage, and shed. Located minutes from Downtown, Lawrenceville, Oakland, and the Strip District. Ideal for investors, 1031 buyers, or house hackers seeking strong returns. Estimated 8.5% cap rate using conservative HUD Fair Market Rent figures. For a complete virtual walkthrough tour, search "329 Downing St" on YouTube.
General Information
Gross Annual Income 61200
Gross Operating Income 57834
Lot Size 51x99x47x99
Public Transportation
Taxes $1,293
Zoning Multi
Exterior Features
Construction Aluminum
Parking Off-Street Parking, 4
Roof Asphalt
Utilities
Utilities Available Electricity, Gas, Sewer, Water
Listing courtesy of RIVER POINT REALTY, LLCInformation Herein is Deemed Reliable but Not Guaranteed