Three-Unit Triplex With Detached
For Sale
$358,000
Pending
410 Todd Street, Pittsburgh, PA 15221
Well-maintained three-unit triplex with separate utilities, shared basement laundry, and a detached three-car garage.
Property Size2,741 SF
Days on Market58
Property Features for 410 Todd Street
General Information
Standard status
Pending
Size
2,741 SF
Total Parking Spaces
3
Property subtype
Multi-Unit / Triplex
Zoning
Multi
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,566
Amenities
Hot Water
Yes
3
0.0
Gas
unfnsh
Asphalt
Building Details
Year Built
1910
Listing Agency:
Compass
(412) 414-5849
Listed By:
Liz Merrell · License #RS320039
(412) 414-5849
Source:
Compass
Added: Jun 27
Changed: Aug 8
Last Checked: Jul 24 at 3:23PM
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 Compass
Investment Insights
Based on property information with market context.
This beautifully maintained three-unit triplex offers a flexible mix of layouts for rental income or owner-occupancy. The property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit has separate utilities, which can simplify day-to-day management compared with shared metering. A shared laundry area is located in the basement, and the property includes a covered front porch and a shared backyard for tenants to enjoy.
Outside of the units, the home is supported by a detached three-car garage and common outdoor space, adding practical storage and off-street parking utility. The building is situated on a picturesque, tree-lined street in Regent Square, and is described as being minutes from Frick Park, neighborhood shops and restaurants, and convenient transportation.
For prospective tenants, buyers, or owner-occupants, the unit mix supports a range of household needs while maintaining straightforward utility separation. Units 1 and 2 include an additional sunroom, providing extra living space during warmer months, and unit 2 has a deck off the kitchen that leads down to the backyard. The property has a documented strong rental history since 1995, and it has been thoughtfully updated over the years while preserving its older architectural character.
Outside of the units, the home is supported by a detached three-car garage and common outdoor space, adding practical storage and off-street parking utility. The building is situated on a picturesque, tree-lined street in Regent Square, and is described as being minutes from Frick Park, neighborhood shops and restaurants, and convenient transportation.
For prospective tenants, buyers, or owner-occupants, the unit mix supports a range of household needs while maintaining straightforward utility separation. Units 1 and 2 include an additional sunroom, providing extra living space during warmer months, and unit 2 has a deck off the kitchen that leads down to the backyard. The property has a documented strong rental history since 1995, and it has been thoughtfully updated over the years while preserving its older architectural character.
Key Highlights
- Three‑unit triplex built in 1910 with a unit mix of two 2BD/1BA apartments and one 1BD/1BA apartment
- Separate utilities for each unit for simpler management and tenant billing
- Shared basement laundry area plus an unfinished basement; hot water gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,326
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,520
$626.5K
Cap Rate 7%
$447,514
$447.5K
Cap Rate 9%
$348,067
$348.1K
Market Conditions
NOI Build-Up for 2,741 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.7K $17.40/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$44.8K $16.33/SF
− OpEx
−$13.4K −$4.90/SF
NOI
$31.3K $11.43/SF
Area
ZIP 15221
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,520
Cap Rate 7%
$447,514
Cap Rate 9%
$348,067
Alternative Uses
Best Use
Multifamily LT 5
$447.5K
$391.6K – $522.1K
NOI $31,326 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$398.7K
$348.9K – $465.2K
NOI $27,909 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$698.2K
$610.9K – $814.5K
NOI $48,872 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 15221, PA
28,913
Population
17,621
Households
1.6
Avg Household Size
42
Median Age
42%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
4,663
Density / Sq Mi
$55,241
Median Household Income
$42,411
Median Earnings
$954
Median Rent
$157,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit triplex with separate utilities, shared basement laundry, and a detached three-car garage.
Where is this triplex located?
The property is located at 410 Todd Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1910 with a unit mix of two 2BD/1BA apartments and one 1BD/1BA apartment; Separate utilities for each unit for simpler management and tenant billing; Shared basement laundry area plus an unfinished basement; hot water gas heating
