Triplex with Six-Bay
For Sale
Contact for pricing
15 South 14th Street, Pittsburgh, PA 15203
Three-unit property includes a separate enclosed garage and a fenced private courtyard.
Property Size2,784 SF
Price / SF$215.48
Days on Market69
Property Features for 15 South 14th Street
General Information
Standard status
Active
Size
2,784 SF
Class
B
Total Parking Spaces
6
Property subtype
Multifamily, Self Storage
Zoning
R3
Occupancy
95%
Investment Type
Value Add
Site & Location
Neighborhood
South Side Slopes
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
coin laundry
private garden courtyard
Building Details
Year Built
1900
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services South Hills
Listed By:
Manfred Fisher · License #Pittsburgh, PA RS320306
Source:
Crexi
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 24 at 2:58PM
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 South Hills
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Investment Insights
Based on property information with market context.
This three-unit residential income property includes three one-bedroom, one-bath apartments and a separate freestanding garage containing six enclosed bays. Two apartments are leased, while the third is available for a new tenant or owner occupancy. Each garage bay is currently rented.
Located in Pittsburgh’s South Side Flats, the property also offers a fenced private garden courtyard. Basement amenities include coin-operated laundry with one washer and one dryer. A newer gas boiler serves the building, with individual tenant-controlled heat adjustments. Based on pro forma rents and the tax assessment expected after purchase, the property is projected at a 6.7% cap rate.
Located in Pittsburgh’s South Side Flats, the property also offers a fenced private garden courtyard. Basement amenities include coin-operated laundry with one washer and one dryer. A newer gas boiler serves the building, with individual tenant-controlled heat adjustments. Based on pro forma rents and the tax assessment expected after purchase, the property is projected at a 6.7% cap rate.
Key Highlights
- Three 1‑bedroom, 1‑bath apartments
- Freestanding garage with 6 enclosed bays
- Two apartments rented; third unit available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,705
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,100
$634.1K
Cap Rate 7%
$452,929
$452.9K
Cap Rate 9%
$352,278
$352.3K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$48.4K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$45.3K $16.27/SF
− OpEx
−$13.6K −$4.88/SF
NOI
$31.7K $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%
$634,100
Cap Rate 7%
$452,929
Cap Rate 9%
$352,278
Alternative Uses
Best Use
Multifamily LT 5
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$419.5K
$367.0K – $489.4K
NOI $29,362 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,065 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
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
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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 - Three-unit property includes a separate enclosed garage and a fenced private courtyard.
Where is this triplex located?
The property is located at 15 South 14th Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath apartments; Freestanding garage with 6 enclosed bays; Two apartments rented; third unit available
