Updated Two-Unit
New
For Sale
$235,000
100 S 14th St, Pittsburgh, PA 15203
ResidentialIncome, South Side, PA
Property Size1,659 SF
Lot Size0.03 Acres
Price / SF$141.65
Days on Market2
Property Features for 100 S 14th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2-FAM
Zoning description
2-FAM
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
On Street
Elementary school district
Pittsburgh
Middle school district
Pittsburgh
High school district
Pittsburgh
Directions
GPS is Accurate!
Subdivision
South Side
Standard status
Active
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3617
Building Details
Year built
1900
Number of units
2
Building materials
Frame
Roof type
Asphalt
Listing Agency:
CENTURY 21 FRONTIER REALTY · Century 21 Real Estate
(724) 228-2510
Listed By:
April Alexy · License #RS336212
(724) 413-2701
Added: Sep 17
Last Checked: Sep 18 at 5:06PM
MLS# 1775001
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 1,659-square-foot duplex contains two residential units within a frame building constructed in 1900. The first-floor apartment includes a living room, kitchen, bedroom, and full bathroom with shower, while the second residence spans the second and third floors and has separate rear access. Both units received new flooring and fresh paint. Additional work includes a new asphalt roof, high-efficiency gas furnace, upgraded electrical panels brought to current code, professional inspections, air-duct cleaning, and a completed camera sewer inspection that passed. Appliances convey with the sale, and the property is offered as-is.
The property is zoned 2-FAM and located in South Side, near East Carson Street restaurants, coffee shops, boutiques, and nightlife. The South Side Riverfront Trail and SouthSide Works are also nearby, with access to Downtown Pittsburgh, universities, hospitals, and major highways. On-street parking is provided.
The property is zoned 2-FAM and located in South Side, near East Carson Street restaurants, coffee shops, boutiques, and nightlife. The South Side Riverfront Trail and SouthSide Works are also nearby, with access to Downtown Pittsburgh, universities, hospitals, and major highways. On-street parking is provided.
Key Highlights
- Approximately 1,659 square feet with two residential units
- Zoned 2‑FAM for two‑family residential use
- First‑floor unit plus a second residence spanning the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,860
$377.9K
Cap Rate 7%
$269,900
$269.9K
Cap Rate 9%
$209,922
$209.9K
Market Conditions
NOI Build-Up for 1,659 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.9K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.0K $16.27/SF
− OpEx
−$8.1K −$4.88/SF
NOI
$18.9K $11.39/SF
Area
Pittsburgh, PA
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,860
Cap Rate 7%
$269,900
Cap Rate 9%
$209,922
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.2K – $314.9K
NOI $18,893 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$250.0K
$218.7K – $291.6K
NOI $17,497 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$528.4K
$462.3K – $616.4K
NOI $36,985 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,180
Businesses Nearby
Explore this area
Business Placement
Demographics for 15203, PA
10,720
Population
6,983
Households
1.5
Avg Household Size
30
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
7,147
Density / Sq Mi
$71,299
Median Household Income
$55,738
Median Earnings
$1,458
Median Rent
$251,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with separate electric service, conveyed appliances, and recent building-system improvements.
Where is this duplex located?
The property is located at 100 S 14th St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Approximately 1,659 square feet with two residential units; Zoned 2‑FAM for two‑family residential use; First‑floor unit plus a second residence spanning the second and third floors
