Well-Maintained Quadplex with
For Sale
Contact for pricing
1258 Illinois Avenue, Pittsburgh, PA 15216
Four well-maintained units include a 3-car garage and tenant-access rear patio.
Property Size4,800 SF
Price / SF$140.63
Days on Market138
Property Features for 1258 Illinois Avenue
General Information
Standard status
Active
Size
4,800 SF
Class
B
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$37,930
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Allegheny Multifamily
Listed By:
David Poluszejko · License #RS296752
(412) 445-6884
Source:
Crexi
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 16 at 8:51AM
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
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,664
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,280
$1.1M
Cap Rate 7%
$780,914
$780.9K
Cap Rate 9%
$607,378
$607.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$83.5K $17.40/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$78.1K $16.27/SF
− OpEx
−$23.4K −$4.88/SF
NOI
$54.7K $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%
$1,093,280
Cap Rate 7%
$780,914
Cap Rate 9%
$607,378
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 15216, PA
22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
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?
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
