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Multifamily Property with Finished Basement
For Sale
$395,000

340 Ophelia St, Pittsburgh, PA 15213

ResidentialIncome, Pittsburgh, PA

Property SizeContact for details
Lot Size0.06 Acres
Days on Market110

Property Features for 340 Ophelia St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R1AVH
Zoning description R1AVH
Parking features On Street
Elementary school district Pittsburgh
Middle school district Pittsburgh
High school district Pittsburgh
Directions Blvd of Allies outbound. Right Craft Ave. Immediate right Joe Hammer Sq. Left Ophelia. Property on right.
Subdivision Oakland
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 5472

Building Details

Year built 1920
Number of units 3
Listing Agency: RE/MAX REALTY BROKERS · RE/MAX International
Listed By: Charlene Haislip · License #RS224416L
Added: May 15 Changed: Aug 26 Last Checked: Sep 1 at 10:06PM
MLS# 1754048

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.

Built in 1920 on 0.06 acres, this four-bedroom, two-bath multifamily residence at 340 Ophelia St includes living, dining, and kitchen areas on the first floor, two bedrooms and a full bath on the second, and a flexible third-floor space. The finished basement adds a kitchenette or wet bar, dining area, bedroom, and full bathroom, creating a separate lower-level living area within the home. A laundry room is also included.

The property has an Occupancy Permit for “One Family Dwelling and Two Lodgers,” allowing up to 5 unrelated tenants. It is currently described as fully occupied and has served as an income-producing rental. A gas forced-air furnace and hot water tank are brand new. Public transportation and university shuttles serve the area, and parking is available on street.

Key Highlights

  • Four‑bedroom, two‑bath multifamily residence built in 1920
  • 0.06‑acre property at 340 Ophelia St, Pittsburgh, PA 15213
  • Finished basement with kitchenette or wet bar, bedroom, dining area, and full bathroom

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service Acupuncture HVAC Service Accounting Firm

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

1
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

6,351
Businesses Nearby

Demographics for 15213, PA

31,075
Population
11,349
Households
2.7
Avg Household Size
25
Median Age
64%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
12,948
Density / Sq Mi
$31,330
Median Household Income
$6,795
Median Earnings
$1,243
Median Rent
$247,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - R1AVH-zoned residence with multiple living areas, a kitchenette, laundry room, and on-street parking.
Where is this multifamily property located?
The property is located at 340 Ophelia St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bath multifamily residence built in 1920; 0.06‑acre property at 340 Ophelia St, Pittsburgh, PA 15213; Finished basement with kitchenette or wet bar, bedroom, dining area, and full bathroom
More about this property
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