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Six-Unit Townhome Apartment Building
For Sale
$915,000

298 2nd St, Pitcairn, PA 15140

Two-level residences offer central air, private garages, and separately metered utilities.

Property SizeContact for details
Days on Market28

Property Features for 298 2nd St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Cap Rate 9.3%
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $9,261

Amenities

central air conditioning
attached integral garages
separate utilities

Building Details

Year Built 1990
Stories 2
Listing Agency: KELLER WILLIAMS STEEL CITY
Listed By: Jean Ou · License #RS334288
Source: Exprealty
Added: Aug 2 Changed: Aug 29 Last Checked: Aug 29 at 4:37PM

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 KELLER WILLIAMS STEEL CITY

Investment Insights

Based on property information with market context.

This multifamily property includes six partially occupied residential townhomes built in 1990. Each residence features a two-level layout with central air conditioning, an attached integral garage, and separate utilities. Interior configurations include open living areas, functional kitchens, and generously sized bedrooms, with private garage parking serving each home.

Located at 298 2nd St in Pitcairn, Pennsylvania, the property is identified as being within the Greater Pittsburgh area. The offering reflects a 9.3% capitalization rate after property management and maintenance expenses. Current occupancy is partial, providing a defined six-unit residential configuration with townhome-style layouts.

Key Highlights

  • Six partially occupied residential units
  • 9.3% capitalization rate after property management and maintenance expenses
  • Built in 1990 with six two‑level townhomes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage Pharmacy Kitchen & Bath Showroom

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

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby

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

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 - Two-level residences offer central air, private garages, and separately metered utilities.
Where is this apartment building located?
The property is located at 298 2nd St 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; 9.3% capitalization rate after property management and maintenance expenses; Built in 1990 with six two‑level townhomes
More about this property
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