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Five-Unit Apartment Buildings
For Sale
$220,000

217-219 5th St, Wilmerding, PA 15148

Two separate buildings offer duplex and triplex layouts with separate utilities.

Property Size72,000 SF
Lot Size4.50 Acres
Price / SF$3.06
Days on Market49

Property Features for 217-219 5th St

General Information

Standard status Active
Size 72,000 SF
Net Rentable 68,400 SF
Class Class B
Total Parking Spaces 126
Elevators No
Lot size 4.50 Acres
Property subtype Multi-Family
Zoning R-4
Occupancy 94%
Net Operating Income $620,000

Financials

Asking Price $10,780,000
Cap Rate 5.75%
Gross Income $1,120,000
Gross Rent Multiplier 10.2
Average Monthly Rent $1,090
Opportunity Zone No

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 12 x studio, 48 x 1BR/1BA, 24 x 2BR/2BA
Multifamily Units 84
Parking per Unit 1.5

Additional Details

Furnished No
Sprinkler System Yes

Amenities

pool
fitness center
on-site laundry

Building Details

Year Built 1915
Year Renovated 2022
Buildings 3
Stories 2
Construction garden-style
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Jackson Realty Group
Source: Jacksonrealty
Added: Sep 15 Changed: Nov 1 Last Checked: Nov 1 at 5:56AM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

The property at 217-219 5th St. comprises two separate residential buildings: a duplex and a triplex totaling five apartments. Built in 1915, the duplex contains two matching units, each with a covered front porch, 14x13 living room, 14x10 dining room, 13x8 kitchen, 14x11 bedroom, and full bathroom. The triplex includes two similarly arranged apartments with 17x7 covered porches, 13x13 living rooms, 11x9 dining rooms, kitchens, 14x12 bedrooms, and full bathrooms. Its third-floor unit has a 14x13 living room, 12x9 dining room, 12x11 bedroom, 10x10 kitchen, and covered outdoor area with a spiral staircase.

Separate utilities serve the units. Electrical service has been updated in both buildings, while the triplex furnaces and hot water tanks were replaced approximately in 2019-2020. The property is in Wilmerding within the East Allegheny School District, with access to I-376 and Route 30. Monroeville, North Versailles, shopping, dining, public transportation, and the Amazon fulfillment facility in North Versailles are nearby.

Key Highlights

  • Five apartments across one duplex and one triplex
  • Separate utilities for the residential units
  • Updated electrical service throughout both buildings

Property Analytics

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Lease Details

84
Residential units
94%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby

Demographics for 15148, PA

2,363
Population
1,502
Households
1.6
Avg Household Size
38
Median Age
14%
College-Educated
88%
High-School Grad
1.1 sq mi
ZIP Area
2,148
Density / Sq Mi
$38,733
Median Household Income
$31,944
Median Earnings
$799
Median Rent
$61,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two separate buildings offer duplex and triplex layouts with separate utilities.
Where is this apartment building located?
The property is located at 217-219 5th St Wilmerding, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Five apartments across one duplex and one triplex; Separate utilities for the residential units; Updated electrical service throughout both buildings
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