Two-Unit Duplex with Long-Term
For Sale
$340,000
1207 Jancey St, Pittsburgh, PA 15206
Two occupied apartments are leased month to month, with tenants in place for 10 years.
Property Size1,873 SF
Price / SF$181.53
Days on Market54
Property Features for 1207 Jancey St
General Information
Standard status
Active
Size
1,873 SF
Property subtype
Multi-Family
Building Details
Year Built
1928
Listing Agency:
RE/MAX Select Realty
(724) 933-6300
Listed By:
Jackson Realty Group
(412) 790-2779
Source:
Jacksonrealty
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 14 at 10:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Select Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1928 duplex contains 1,873 square feet divided between two one-bedroom, one-bath residences. Both apartments are occupied, and each tenant has remained in place for 10 years under a month-to-month lease. The owner currently pays all utilities, and the property is being offered in as-is condition.
The property is located at 1207 Jancey St in Pittsburgh’s Morningside neighborhood, an area described by its front porches, small businesses, walkable setting, public transportation, and community events. The existing two-unit layout provides a straightforward residential income configuration, while the property’s long operating history and current tenancy are established facts for evaluating the asset.
The property is located at 1207 Jancey St in Pittsburgh’s Morningside neighborhood, an area described by its front porches, small businesses, walkable setting, public transportation, and community events. The existing two-unit layout provides a straightforward residential income configuration, while the property’s long operating history and current tenancy are established facts for evaluating the asset.
Key Highlights
- 1,873 square feet of total building area
- Two 1‑bedroom, 1‑bath units
- Tenants have remained in place for 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,330
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,600
$426.6K
Cap Rate 7%
$304,714
$304.7K
Cap Rate 9%
$237,000
$237.0K
Market Conditions
NOI Build-Up for 1,873 SF
Gross rent
$32.6K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.5K $16.27/SF
− OpEx
−$9.1K −$4.88/SF
NOI
$21.3K $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 Rate 5%
$426,600
Cap Rate 7%
$304,714
Cap Rate 9%
$237,000
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K
NOI $21,330 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,754 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$596.5K
$522.0K – $695.9K
NOI $41,756 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 15206, PA
28,774
Population
17,004
Households
1.7
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
4.8 sq mi
ZIP Area
5,995
Density / Sq Mi
$69,906
Median Household Income
$49,009
Median Earnings
$1,284
Median Rent
$288,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments are leased month to month, with tenants in place for 10 years.
Where is this duplex located?
The property is located at 1207 Jancey St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,873 square feet of total building area; Two 1‑bedroom, 1‑bath units; Tenants have remained in place for 10 years
