Historic Brick Duplex with Vacant
1301 Veto St, Pittsburgh, PA 15212
For Sale
$489,900
Two two-bedroom units with updated bathrooms, separate gas and electric meters, and additional land for parking or future improvements.
Property Size1,972 SF
Price / SF$248.43
Days on Market122
Property Features for 1301 Veto St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Construction
Listing Agency:
HOWARD HANNA REAL ESTATE SERVICES
Listed By:
Mario Costanzo
(724) 934-3400
Source:
Exprealty
Added: Jul 10
Changed: Nov 5
Last Checked: Nov 6 at 9:38AM
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 HOWARD HANNA REAL ESTATE SERVICES
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Investment Insights
Based on property information with market context.
This circa-1900 brick duplex contains 1,972 square feet and is arranged as two units, each with two bedrooms and one full bathroom. The property includes original architectural details, including a newel post and staircase, along with updated bathrooms, furnaces, and hot water tanks. Gas and electric service are separately metered, while both units share one water line. The property is being offered as-is.
The Gentry Way unit has a contemporary interior arrangement with a kitchen entry, formica cabinetry, a newer five-burner gas range, refrigerator, dishwasher, and two pantries. Large windows and a center-hall skylight provide natural light, while the upper level includes a Jack-and-Jill bathroom and second-floor laundry.
Two adjoining vacant lots expand the site beyond the duplex. A 20-by-50-foot lot is used for off-street parking and plantings, and a 20-by-60-foot lot offers additional outdoor area. The property is located at 1301 Veto St in Pittsburgh’s Mexican War Streets, within walking distance of AGH, North Shore dining and shopping, and North Shore cultural landmarks.
The Gentry Way unit has a contemporary interior arrangement with a kitchen entry, formica cabinetry, a newer five-burner gas range, refrigerator, dishwasher, and two pantries. Large windows and a center-hall skylight provide natural light, while the upper level includes a Jack-and-Jill bathroom and second-floor laundry.
Two adjoining vacant lots expand the site beyond the duplex. A 20-by-50-foot lot is used for off-street parking and plantings, and a 20-by-60-foot lot offers additional outdoor area. The property is located at 1301 Veto St in Pittsburgh’s Mexican War Streets, within walking distance of AGH, North Shore dining and shopping, and North Shore cultural landmarks.
Key Highlights
- Circa‑1900 solid brick duplex with 1,972 square feet
- Two units, each with 2 bedrooms and 1 full bath
- Updated bathrooms, furnaces, and hot water tanks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,458
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,160
$449.2K
Cap Rate 7%
$320,829
$320.8K
Cap Rate 9%
$249,533
$249.5K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$34.3K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$32.1K $16.27/SF
− OpEx
−$9.6K −$4.88/SF
NOI
$22.5K $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%
$449,160
Cap Rate 7%
$320,829
Cap Rate 9%
$249,533
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,458 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,798 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,361
Businesses Nearby
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Business Placement
Demographics for 15212, PA
27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value
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Market
Properties on Market for Duplexes in Pittsburgh
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units with updated bathrooms, separate gas and electric meters, and additional land for parking or future improvements.
Where is this duplex located?
The property is located at 1301 Veto St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Circa‑1900 solid brick duplex with 1,972 square feet; Two units, each with 2 bedrooms and 1 full bath; Updated bathrooms, furnaces, and hot water tanks
