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5532-5540 Covode Street Pittsburgh, PA 15217

Sponsored
For Sale
$3,795,000

Prime Squirrel Hill multifamily investment.

Property size:
26,064 SF

Description

Added:
Jan 20, 2025
Days on Market:
353
This exceptional investment opportunity presents Concord Plaza, a 33-unit apartment building situated in Pittsburgh's desirable Squirrel Hill neighborhood. The property boasts a substantial 26,064 square feet of building space, comfortably housing 21 one-bedroom units and 12 studio apartments. Residents enjoy the convenience of on-site laundry facilities. The property also includes a parking lot offering approximately 12 parking spaces for tenants. The building itself is constructed of solid brick, indicating a robust and durable structure. The 0.39-acre lot provides ample space for the building and its parking. This property represents a rare chance to acquire a well-established multifamily complex with a history of long-term ownership (over 20 years), offering a strong foundation for continued success. The building's location in Squirrel Hill provides excellent access to local amenities, transportation, and a thriving community. This is an ideal investment for those seeking a stable and potentially high-yielding asset in a sought-after Pittsburgh neighborhood. The property is offered at $3,795,000.

Property Features for 5532-5540 Covode Street

General Information

Property type
Opportunity zone commercial real estate
Square Feet
26,064 SF
Price / Square Foot
$145
Total Parking Spaces
12
Elevators
N/A
Lot Size
17,135 SF

Building Details

Units
33

HighLights

  • Prime 33‑unit apartment building in Pittsburgh's desirable Squirrel Hill neighborhood.
  • Solid brick construction offering durable, long‑term value.
  • Convenient on‑site parking for approximately 12 vehicles.
Property Profile Location Intelligence

Current Use by Public Records

Opportunity zone commercial ...

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

City
Pittsburgh
State
Pennsylvania

FAQs

What type of property is this?
Opportunity zone commercial real estate - Prime Squirrel Hill multifamily investment.
Where is this opportunity zone commercial real estate located?
The property is located at 5532-5540 Covode Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Prime 33-unit apartment building in Pittsburgh's desirable Squirrel Hill neighborhood.; Solid brick construction offering durable, long-term value.; Convenient on-site parking for approximately 12 vehicles.
More about this property
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