Six-Unit Townhome Apartment
288 2nd Street, Pitcairn, PA 15140
For Sale
Contact for pricing
Two-level residences offer central air, integral garages, private parking, and separately metered utilities.
Property Size6,120 SF
Price / SF$149.51
Days on Market108
Property Features for 288 2nd Street
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Additional Details
Cap Rate
Multifamily Units
Amenities
central air conditioning
garage parking
Building Details
Year Built
Stories
Units
Tenancy
Construction
Listing Agency:
KW Steel CIty
Listed By:
Jean Ou · License PA RS334288
(814) 321-8396
Source:
Crexi
Added: Jul 28
Changed: Nov 1
Last Checked: Nov 12 at 4:39AM
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 KW Steel CIty
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Investment Insights
Based on property information with market context.
This R-2 apartment property contains six townhome-style residences totaling 6,120 SF. The two-level layouts include open living areas, kitchens, bedrooms, central air conditioning, and attached integral garages. Each residence also has private garage parking and separate utilities. The buildings were constructed in 1999.
The property is partially occupied and located at 288 2nd Street in Pitcairn, Pennsylvania, within the Greater Pittsburgh area. Current operating performance is reported at a 9.3% capitalization rate after property management and maintenance expenses. The residential configuration and individual utility setup provide a clearly defined multifamily format for continued rental operations.
The property is partially occupied and located at 288 2nd Street in Pitcairn, Pennsylvania, within the Greater Pittsburgh area. Current operating performance is reported at a 9.3% capitalization rate after property management and maintenance expenses. The residential configuration and individual utility setup provide a clearly defined multifamily format for continued rental operations.
Key Highlights
- Six partially occupied residential units
- 6,120 SF apartment property
- Two‑level townhome layouts with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,612
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,240
$952.2K
Cap Rate 7%
$680,171
$680.2K
Cap Rate 9%
$529,022
$529.0K
Market Conditions
NOI Build-Up for 6,120 SF
Gross rent
$91.8K $15.00/SF
− Vacancy
−$5.2K −$0.86/SF
EGI
$86.6K $14.15/SF
− OpEx
−$39.0K −$6.37/SF
NOI
$47.6K $7.78/SF
Area
Allegheny County, PA
Vacancy
5.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,240
Cap Rate 7%
$680,171
Cap Rate 9%
$529,022
Alternative Uses
Best Use
Apartment 5plus
$680.2K
$595.2K – $793.5K
NOI $47,612 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,120 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
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Business Placement
Demographics for 15140, PA
3,103
Population
1,696
Households
1.8
Avg Household Size
39
Median Age
16%
College-Educated
90%
High-School Grad
0.6 sq mi
ZIP Area
5,172
Density / Sq Mi
$34,400
Median Household Income
$30,308
Median Earnings
$765
Median Rent
$68,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Allegheny County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-level residences offer central air, integral garages, private parking, and separately metered utilities.
Where is this apartment building located?
The property is located at 288 2nd Street Pitcairn, PA.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Six partially occupied residential units; 6,120 SF apartment property; Two‑level townhome layouts with central air conditioning
