Quadplex with High
For Sale
Contact for pricing
125 Stratford Ave, Pittsburgh, PA 15206
Four-unit quadplex with bright interiors, high ceilings, and in-unit appliances, plus shared basement laundry and outdoor space.
Property Size4,000 SF
Price / SF$193.75
Days on Market51
Property Features for 125 Stratford Ave
General Information
Standard status
Active
Size
4,000 SF
Class
C
Property subtype
Multifamily
Zoning
R3-M
Investment Type
Sale/Leaseback
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Stories
3
Units
5
Listing Agency:
KW Steel CIty
(412) 682-0120
Listed By:
Jean Ou · License #rs334288
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Aug 21 at 8:05AM
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 KW Steel CIty
Investment Insights
Based on property information with market context.
This quadplex includes four rental units with a layout designed for comfortable everyday living. The property features high ceilings and bright interiors with large windows, along with tile flooring and hardwood flooring throughout. Each unit has its own stove and refrigerator, and closet space is available in all rooms. Unit sizes are a mix of two 4-bedroom units and two 3-bedroom units, plus one 1-bedroom unit. A large basement area supports shared laundry facilities with washer/dryer provided, and the property also includes a welcoming front porch with space for seating and a large backyard.
The home is located in the Friendship area and is described as being conveniently near Penn Ave. The setting is characterized as safe and quiet in the provided remarks.
For prospective tenants, investors, or owner-operators, the unit mix offers options for different household needs, from a smaller 1-bedroom configuration to multiple larger layouts. Practical onsite amenities include in-unit stoves and refrigerators, along with the convenience of basement washer/dryer, while the front porch and large backyard add functional outdoor space for residents.
The home is located in the Friendship area and is described as being conveniently near Penn Ave. The setting is characterized as safe and quiet in the provided remarks.
For prospective tenants, investors, or owner-operators, the unit mix offers options for different household needs, from a smaller 1-bedroom configuration to multiple larger layouts. Practical onsite amenities include in-unit stoves and refrigerators, along with the convenience of basement washer/dryer, while the front porch and large backyard add functional outdoor space for residents.
Key Highlights
- Four‑unit quadplex built in 1910 in the Friendship area, located near Penn Ave
- Unit mix includes two 4‑bedroom, two 3‑bedroom, and one 1‑bedroom unit
- Each unit has its own stove and refrigerator
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
$45,553
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
5.88%
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%
$911,060
$911.1K
Cap Rate 7%
$650,757
$650.8K
Cap Rate 9%
$506,144
$506.1K
Market Conditions
NOI Build-Up for 4,000 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
$69.6K $17.40/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$65.1K $16.27/SF
− OpEx
−$19.5K −$4.88/SF
NOI
$45.6K $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%
$911,060
Cap Rate 7%
$650,757
Cap Rate 9%
$506,144
Alternative Uses
Best Use
Multifamily LT 5
$650.8K
$569.4K – $759.2K
NOI $45,553 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$602.7K
$527.3K – $703.1K
NOI $42,187 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,174 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,759
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with bright interiors, high ceilings, and in-unit appliances, plus shared basement laundry and outdoor space.
Where is this quadplex located?
The property is located at 125 Stratford Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1910 in the Friendship area, located near Penn Ave; Unit mix includes two 4‑bedroom, two 3‑bedroom, and one 1‑bedroom unit; Each unit has its own stove and refrigerator
