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 Market165
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
Listed By:
Shawn Brooks
(412) 682-0120
Added: Mar 25
Changed: Sep 4
Last Checked: Sep 5 at 5:06AM
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 separate units. Unit 213 is vacant and features vaulted ceilings, exposed hand-hewn beams, an arched brick fireplace, and a stained-glass entry door. Unit 215 is occupied by a tenant, providing an established rental component. Both units have new decks, while the retaining wall has been rebuilt. The property also includes a three-car integral garage and a walkout basement.
Located in North Versailles, the property carries R-2 zoning and sits on a 0.2135-acre lot. It is identified as being in Flood Zone X. The asphalt roof and long-term ownership add to the property's physical profile, while the two-unit layout supports either owner occupancy with a tenant or leasing both residences.
Located in North Versailles, the property carries R-2 zoning and sits on a 0.2135-acre lot. It is identified as being in Flood Zone X. The asphalt roof and long-term ownership add to the property's physical profile, while the two-unit layout supports either owner occupancy with a tenant or leasing both residences.
Key Highlights
- 2,825 sq ft 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
Single-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick property with a distinctive owner’s residence, a tenant-occupied unit, and recently rebuilt exterior improvements.
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 sq ft brick duplex built in 1974; Unit 213 is vacant; Unit 215 is tenant‑occupied; Three‑car integral garage and walkout basement
