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Duplex Income Property Opportunity
For Sale
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Pending

116 S 16th St, Pittsburgh, PA 15203

Duplex with shared laundry, in-unit appliances included on both floors, and separate utilities for each unit.

Property SizeContact for details
Days on Market121

Property Features for 116 S 16th St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 2

Amenities

shared laundry room
Listing Agency: Costa Real Estate LLC
Listed By: Greg Costa · License #PA RB068445
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 3:41PM

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 Costa Real Estate LLC

Investment Insights

Based on property information with market context.

This duplex offers two separate floors suitable for either owner-occupancy with rental income or full investment use. The property includes a shared laundry room on the first floor, with a washer and dryer included. Kitchen appliances for both floors are included, and each unit has separate utilities.

The duplex is located in Pittsburgh’s South Side Flats, close to restaurants, shopping, and entertainment, and is described as about one block from E Carson St. All financial and rent-related statements should be verified.

According to the available information, the current rent level may be below potential, but any adjustments or market assumptions should be confirmed during diligence.

Key Highlights

  • Duplex in South Side Flats, 1 block from E Carson St
  • Shared laundry room on the first floor with washer and dryer included
  • Kitchen appliances included on both floors

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Acupuncture Butcher Supermarket Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,138
Businesses Nearby

Demographics for 15203, PA

10,720
Population
6,983
Households
1.5
Avg Household Size
30
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
7,147
Density / Sq Mi
$71,299
Median Household Income
$55,738
Median Earnings
$1,458
Median Rent
$251,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with shared laundry, in-unit appliances included on both floors, and separate utilities for each unit.
Where is this duplex located?
The property is located at 116 S 16th St Pittsburgh, PA.
What are key features of this property?
This property features: Duplex in South Side Flats, 1 block from E Carson St; Shared laundry room on the first floor with washer and dryer included; Kitchen appliances included on both floors
(412) 478-5916 Call to check price and availability
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