Updated Triplex with Garden
For Sale
$475,000
Pending
1327 Sheffield St, Pittsburgh, PA 15233
Historic multifamily property with separate gas and electric utilities, fireplaces, tall ceilings, and outdoor garden space.
Property Size3,465 SF
Days on Market51
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Property Features for 1327 Sheffield St
General Information
Standard status
Pending
Size
3,465 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
outdoor garden space
Building Details
Year Built
1877
Buildings
1
Listing Agency:
RE/MAX Select Realty
(724) 933-6300
Listed By:
Jackson Realty Group
(412) 790-2779
Source:
Jacksonrealty
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 11:36PM
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 RE/MAX Select Realty
Investment Insights
Based on property information with market context.
Built in 1877, this three-unit multifamily property provides approximately 3,465 sq-ft across separate residences. The building retains historic fireplaces, mantels, woodwork, and tall ceilings, while also featuring documented updates, a newer roof, and outdoor garden space. Gas and electric utilities are separately metered, and the property includes two off-street parking spaces.
The property is located at 1327 Sheffield St in Pittsburgh’s Manchester neighborhood. Downtown, the North Shore, Acrisure Stadium, PNC Park, Allegheny General Hospital, restaurants, entertainment, and major transportation routes are all described as minutes away. The three-unit configuration supports separate residential occupancy and provides flexibility for a multifamily owner.
The property is located at 1327 Sheffield St in Pittsburgh’s Manchester neighborhood. Downtown, the North Shore, Acrisure Stadium, PNC Park, Allegheny General Hospital, restaurants, entertainment, and major transportation routes are all described as minutes away. The three-unit configuration supports separate residential occupancy and provides flexibility for a multifamily owner.
Key Highlights
- Three‑unit multifamily property with approximately 3,465 sq‑ft
- Separate gas and electric utilities for the three units
- Historic fireplaces, mantels, woodwork, and tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,460
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,200
$789.2K
Cap Rate 7%
$563,714
$563.7K
Cap Rate 9%
$438,444
$438.4K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$60.3K $17.40/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$56.4K $16.27/SF
− OpEx
−$16.9K −$4.88/SF
NOI
$39.5K $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%
$789,200
Cap Rate 7%
$563,714
Cap Rate 9%
$438,444
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.3K – $657.7K
NOI $39,460 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$522.1K
$456.8K – $609.1K
NOI $36,545 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.10M
$965.6K – $1.29M
NOI $77,247 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 15233, PA
2,656
Population
1,730
Households
1.5
Avg Household Size
39
Median Age
46%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
2,043
Density / Sq Mi
$71,902
Median Household Income
$58,997
Median Earnings
$1,032
Median Rent
$305,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with separate gas and electric utilities, fireplaces, tall ceilings, and outdoor garden space.
Where is this triplex located?
The property is located at 1327 Sheffield St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit multifamily property with approximately 3,465 sq‑ft; Separate gas and electric utilities for the three units; Historic fireplaces, mantels, woodwork, and tall ceilings
