Lawrenceville Duplex with Detached
156 45th Street Pittsburgh, PA 15201
For Sale
$529,000
Duplex offers two two-bedroom units, an unfinished basement, and a detached garage off the back alley.
Property Size2,931 SF
Price / SF$180.48
Days on Market93
Property Features for 156 45th Street
General Information
- Standard status
- Active
- Size
- 2,931 SF
- Property subtype
- Multi-Unit / Duplex
Building Details
- Year Built
- 1890
Listing Agency:
The Greene Realty Group
(860) 560-1006
Listed By:
Derek Greene · License #10371200613
(860) 560-1006
Source:
Compass
Added: Apr 22
Changed: Jul 22
Last Checked: Jul 23 at 10:44AM
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 The Greene Realty Group
Investment Insights
Based on property information with market context.
This duplex townhouse totals 2,931 square feet and provides two separate units, each with two bedrooms. Unit 1 is located on the 1st floor with 1,166 square feet and features restored wide plank wood floors, stacked washer and dryer, and a dishwasher. Unit 2 is on the 2nd floor with 1,166 square feet plus a 599 square foot attic, also with restored wide plank wood floors and an open concept kitchen with stainless steel appliances, a farm sink, and white quartz counters with glass tile backsplash.
Set in the heart of Lawrenceville off of Butler St on 45th St, the property is within a quick stroll of LA Gourmandine and Walter’s BBQ, along with dining and entertainment on Butler St. A detached garage sits in the back alley and can function as additional off-street parking, alongside outdoor living space. The unfinished basement provides substantial storage, and both units are currently rented month to month as well as the garage.
Set in the heart of Lawrenceville off of Butler St on 45th St, the property is within a quick stroll of LA Gourmandine and Walter’s BBQ, along with dining and entertainment on Butler St. A detached garage sits in the back alley and can function as additional off-street parking, alongside outdoor living space. The unfinished basement provides substantial storage, and both units are currently rented month to month as well as the garage.
Key Highlights
- 2‑unit Lawrenceville duplex with two 2‑bedroom units (Unit 1 and Unit 2) totaling 2,931 sqft townhome space.
- Unit 1: 1st‑floor 1,166 sqft with original restored wide plank wood floors, stacked washer/dryer, and dishwasher.
- Unit 2: 2nd‑floor 1,166 sqft plus a 599 sqft attic, featuring an open concept kitchen with stainless steel appliances, farm sink, and white quartz counters.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $17.40 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $47.7k | $16.27 |
| − OpEx | −$14.3k | −$4.88 |
| NOI | $33.4k | $11.39 |
2,931 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.3K
NOI $33,379 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$441.6K
$386.4K – $515.2K
NOI $30,913 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$933.5K
$816.8K – $1.09M
NOI $65,342 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two two-bedroom units, an unfinished basement, and a detached garage off the back alley.
Where is this duplex located?
The property is located at 156 45th Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 2‑unit Lawrenceville duplex with two 2‑bedroom units (Unit 1 and Unit 2) totaling 2,931 sqft townhome space.; Unit 1: 1st‑floor 1,166 sqft with original restored wide plank wood floors, stacked washer/dryer, and dishwasher.; Unit 2: 2nd‑floor 1,166 sqft plus a 599 sqft attic, featuring an open concept kitchen with stainless steel appliances, farm sink, and white quartz counters.
