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Dormont Multifamily Investment Opportunity
For Sale
$850,000
Pending

2911 Voelkel Avenue, Pittsburgh, PA 15216

Well-maintained 8-unit apartment building near Pittsburgh's Dormont neighborhood.

Property SizeContact for details
Days on Market148

Property Features for 2911 Voelkel Avenue

General Information

Standard status Pending
Property subtype Multi-Unit / Other
Zoning MUL
Net Operating Income $39,827

Taxes and HOA fees

Annual Taxes $8,663

Amenities

0.0

Building Details

Year Built 1920
Listing Agency: ALLEGHENY MULTI FAMILY LLC
Listed By: David Poluszejko · License #RM425012
Source: Compass
Added: Apr 8 Changed: Aug 8 Last Checked: Jul 24 at 1:23PM

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 ALLEGHENY MULTI FAMILY LLC

Investment Insights

Based on property information with market context.

Located in Pittsburgh's Dormont neighborhood, 2911 Voelkel Avenue presents an investment opportunity with 8 one-bedroom, one-bath units. The property has been well-maintained, featuring updates in six of the eight units, a new hot water tank, and no deferred maintenance. A coin-operated laundry is located in the basement. Each unit includes a dishwasher. The property is located steps away from the T transit stop and less than 5 miles from Downtown Pittsburgh. Dormont is a rental neighborhood with tree-lined streets, a business district, and proximity to the city. The area has attracted younger professionals due to its restaurants, bars, public transit, and employment options.

Key Highlights

  • Steps away from the T transit stop, providing easy access to transportation.
  • Located in Dormont, a prime rental neighborhood with tree‑lined streets, a bustling business district, and proximity to Pittsburgh.
  • 6 of 8 units have been updated and the property is very well‑maintained with zero deferred maintenance.**

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Food Market Real Estate Agency Grocery & Convenience Store Building Supply Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,027
Businesses Nearby

Demographics for 15216, PA

22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 8-unit apartment building near Pittsburgh's Dormont neighborhood.
Where is this apartment building located?
The property is located at 2911 Voelkel Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Steps away from the T transit stop, providing easy access to transportation.; Located in Dormont, a prime rental neighborhood with tree‑lined streets, a bustling business district, and proximity to Pittsburgh.; 6 of 8 units have been updated and the property is very well‑maintained with zero deferred maintenance.**
More about this property
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