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North Side Redevelopment Opportunity
For Sale
$75,000

4072 Franklin Rd, Pittsburgh, PA 15214

Unique property with school building and residential income potential.

Property Size3,600 SF
Price / SF$20.83
Days on Market215

Property Features for 4072 Franklin Rd

General Information

Standard status Active
Size 3,600 SF

Taxes and HOA fees

Annual Taxes $3,301
Listing Agency: ARBORS REAL ESTATE, LLC
Listed By: Iyana Prentice · License #RS369761
Source: Exprealty
Added: Mar 6 Changed: Oct 3 Last Checked: Oct 7 at 12:31PM

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 REAL ESTATE, LLC

Investment Insights

Based on property information with market context.

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.

Key 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).

Property Analytics

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Current Use

Schools

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Dental Office Building Supply Parking Lot & Garage

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

220
Businesses Nearby

Demographics for 15214, PA

14,072
Population
6,914
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
4.6 sq mi
ZIP Area
3,059
Density / Sq Mi
$59,979
Median Household Income
$43,032
Median Earnings
$1,054
Median Rent
$173,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
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 $75,000.
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).
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