Well-Maintained Quadplex with
1258 Illinois Avenue Pittsburgh, PA 15216
1258 Illinois Avenue, Pittsburgh, PA, 15216
Contact for pricing
For Sale
Contact for pricing
Four well-maintained units include a 3-car garage and tenant-access rear patio.
Property Size4,800 SF
Price / SF$140.63
Days on Market50
Property Features for 1258 Illinois Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing agency
Allegheny Multifamily
Listed by
David Poluszejko · License #RS296752
Source
Crexi
Added: Jun 2 Updated: Jul 21 at 3:09AM Checked: Jul 21 at 3:09AM
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 Allegheny Multifamily
Investment Insights
Based on property information with market context.
1258 Illinois Avenue is a well-maintained four-unit quadplex with a 3-car garage and a rear patio area for tenant use. The property provides storage for each resident and includes onsite laundry. The top-floor apartment has been completely redone and features its own laundry and air conditioning.
Located in the Pittsburgh suburb of Dormont, the property sits about 6 miles south of downtown Pittsburgh. Dormont is described as a 10–15 minute drive, with T light rail running through the borough; a park-and-ride is available and most residents can walk to it in about 5 minutes. The combination of affordable, walkable suburb access and transit options is presented as a key driver of the area’s rental demand.
Located in the Pittsburgh suburb of Dormont, the property sits about 6 miles south of downtown Pittsburgh. Dormont is described as a 10–15 minute drive, with T light rail running through the borough; a park-and-ride is available and most residents can walk to it in about 5 minutes. The combination of affordable, walkable suburb access and transit options is presented as a key driver of the area’s rental demand.
Key Highlights
- Four‑unit property in Dormont with 3‑car garage and tenant‑access rear patio area
- Top‑floor apartment has been completely redone, with in‑unit laundry and air conditioning
- Each unit is approximately 1,200 sq ft
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $17.40 |
| − Vacancy | −$5.4k | −$1.13 |
| EGI | $78.1k | $16.27 |
| − OpEx | −$23.4k | −$4.88 |
| NOI | $54.7k | $11.39 |
4,800 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.9K
$683.3K – $911.1K
NOI $54,664 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$723.2K
$632.8K – $843.8K
NOI $50,625 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,009 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four well-maintained units include a 3-car garage and tenant-access rear patio.
Where is this quadplex located?
The property is located at 1258 Illinois Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit property in Dormont with 3‑car garage and tenant‑access rear patio area; Top‑floor apartment has been completely redone, with in‑unit laundry and air conditioning; Each unit is approximately 1,200 sq ft
