North Side Redevelopment Opportunity

4072 Franklin Rd, Pittsburgh, PA 15214

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For Sale

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Unique property with school building and residential income potential.

Type:Retail

Property size:

3,600 SF

Price / SF:

$152/SF

HighLights

Income‑generating 6‑bedroom, 5‑bath residence with suite‑style living, currently used as a short‑term rental.
Prime location minutes from Downtown Pittsburgh, hospitals, universities, and cultural districts.
Former school building offers exceptional opportunity for creative reuse or redevelopment (subject to zoning and approvals).
Unique property blending architectural character, existing residential use, and future potential.
Situated on the North Side, offering strong community connection.
Historic building (built in 1875) with rich neighborhood history.

We can help!

Contact an agent

Trey Keebler

For Sale

Contact for pricing

Unique property with school building and residential income potential.

Type:Retail

Property size:

3,600 SF

Price / SF:

$152/SF

Added:: Jan 30, 2026
Days on Market:: 148
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 4072 Franklin Rd

General Information

Standard status: Active
Size: 3,600 SF
Property subtype: Retail

Building Details

Year Built: 1875

We can help!

Contact an agent

Trey Keebler

Listing office Arbors Management, Inc

Listing date Jan 30, 2026

Source Crexi

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 Arbors Management, Inc

HighLights

Income‑generating 6‑bedroom, 5‑bath residence with suite‑style living, currently used as a short‑term rental.
Prime location minutes from Downtown Pittsburgh, hospitals, universities, and cultural districts.
Former school building offers exceptional opportunity for creative reuse or redevelopment (subject to zoning and approvals).
Unique property blending architectural character, existing residential use, and future potential.
Situated on the North Side, offering strong community connection.
Historic building (built in 1875) with rich neighborhood history.

Overview

This North Side property offers character, flexibility, and income potential. It includes a former school building with neighborhood history, presenting an opportunity for creative reuse or redevelopment, subject to zoning and approvals. Also on the lot is an approximately 3,600 sq ft residence with 6 bedrooms and 5 baths, featuring suite-style living in five of the bedrooms, each with a private bath and living space. The residence is currently utilized as a short-term rental and is suited for extended-stay guests. The property is located minutes from Downtown Pittsburgh, major hospitals, universities, and cultural districts, benefiting from proximity to medical and academic corridors while remaining connected to the North Side community. This property blends architectural character, existing residential use, and future potential in a highly accessible city location.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.4k	$20.40
− Vacancy	−$4.4k	−$1.22
EGI	$69.0k	$19.18
− OpEx	−$31.1k	−$8.63
NOI	$38.0k	$10.55

3,600 SF · lease $20.40/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$542.4K

$474.6K – $632.8K (±1% cap)

NOI $37,968 @ 7.0% cap · market cap 6.90%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,257 @ 7.0% cap · market cap 14.59%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Schools

Suggested Use

Location Insight

Map
Local Demand

City: Pittsburgh
County: Allegheny
State: Pennsylvania
Longitude: -80.020188
Latitude: 40.49266

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For sale
Schools
PA
Pittsburgh
15214
4072 Franklin Rd

What type of property is this?

School - Unique property with school building and residential income potential.

Where is this school located?

The property is located at 4072 Franklin Rd Pittsburgh, PA.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Income‑generating 6‑bedroom, 5‑bath residence with suite‑style living, currently used as a short‑term rental.; Prime location minutes from Downtown Pittsburgh, hospitals, universities, and cultural districts.; Former school building offers exceptional opportunity for creative reuse or redevelopment (subject to zoning and approvals).