Brick Duplex with Integral
For Sale
$262,900
213-215 Arlington Ave, North Versailles, PA 15137
ResidentialIncome, North Versailles, PA
Property Size2,825 SF
Lot Size0.21 Acres
Price / SF$93.06
Days on Market151
Property Features for 213-215 Arlington Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Zoning description
R-2
Parking
3
Elementary school district
East Allegheny
Middle school district
East Allegheny
High school district
East Allegheny
Directions
Lincoln Hwy east to R on Fifth Ave, R on Congress St, L on Arlington St. Property on left
Subdivision
N Versailles
Standard status
Active
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
6402
Building Details
Year built
1974
Number of units
2
Roof type
Asphalt
Listing Agency:
KELLER WILLIAMS EXCLUSIVE · Keller Williams Realty
(412) 682-0120
Listed By:
Shawn Brooks
(412) 682-0120
Added: Mar 25
Changed: Aug 20
Last Checked: Aug 22 at 12:06AM
MLS# 1745257
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,825-square-foot brick duplex was built in 1974 and includes two distinct residential units. Unit 213 is vacant and features vaulted ceilings, exposed beams, an arched brick fireplace, and a stained-glass entry door. Unit 215 is tenant-occupied. Both residences have new decks, while the property also includes a newly rebuilt retaining wall, a three-car integral garage, and a walkout basement.
The property is located at 213-215 Arlington Ave in North Versailles, Pennsylvania, within the 15137 postal area. R-2 zoning supports its duplex classification. The property is identified as being in Flood Zone X, with no flood insurance required according to the provided information. An asphalt roof completes the building improvements.
The property is located at 213-215 Arlington Ave in North Versailles, Pennsylvania, within the 15137 postal area. R-2 zoning supports its duplex classification. The property is identified as being in Flood Zone X, with no flood insurance required according to the provided information. An asphalt roof completes the building improvements.
Key Highlights
- 2,825 SF brick duplex built in 1974
- Unit 213 is vacant; Unit 215 is tenant‑occupied
- Three‑car integral garage and walkout basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,015
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,300
$480.3K
Cap Rate 7%
$343,071
$343.1K
Cap Rate 9%
$266,833
$266.8K
Market Conditions
NOI Build-Up for 2,825 SF
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.
Gross rent
$36.3K $12.84/SF
− Vacancy
−$2.0K −$0.70/SF
EGI
$34.3K $12.14/SF
− OpEx
−$10.3K −$3.64/SF
NOI
$24.0K $8.50/SF
Area
Allegheny County, PA
Vacancy
5.42%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,300
Cap Rate 7%
$343,071
Cap Rate 9%
$266,833
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.2K – $400.3K
NOI $24,015 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$314.0K
$274.7K – $366.3K
NOI $21,978 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$719.6K
$629.6K – $839.5K
NOI $50,370 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 15137, PA
9,939
Population
5,336
Households
1.9
Avg Household Size
47
Median Age
22%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
1,258
Density / Sq Mi
$51,766
Median Household Income
$40,051
Median Earnings
$869
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one vacant residence and one tenant-occupied unit.
Where is this duplex located?
The property is located at 213-215 Arlington Ave North Versailles, PA.
What is the asking price?
The asking price for this property is $262,900.
What are key features of this property?
This property features: 2,825 SF brick duplex built in 1974; Unit 213 is vacant; Unit 215 is tenant‑occupied; Three‑car integral garage and walkout basement
