Four-Plex with Porch and
437 South Aiken Avenue Pittsburgh, PA 15232
437 South Aiken Avenue, Pittsburgh, PA, 15232
$850,000
For Sale
$850,000
Stately four-plex with private first-floor entry, multiple unit entrances, off-street parking, and a leased 2-car garage.
Property Size4,141 SF
Price / SF$205.26
Days on Market34
Property Features for 437 South Aiken Avenue
General Information
- Standard status
- Active
- Size
- 4,141 SF
- Property subtype
- Multi-Unit / Fourplex
Building Details
- Year Built
- 1900
Listing agency
Compass
(412) 926-7976
Listed by
Ted Block · License #RS336127
(412) 926-7976
Source
Compass
Added: Jun 19 Updated: Jul 21 at 8:14PM Checked: Jul 21 at 8:14PM
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.
Stately four-plex featuring a walk-up front porch providing private access to the first-floor unit. That unit offers a 3-bedroom, 1.5-bath layout with a spacious kitchen and natural light. Upgrades include mini-split cooling, and a separate entrance serves the remaining three units.
On the second floor are two 1-bedroom units, and the third floor includes a spacious 2-bedroom unit. All units are described as having generous bedrooms and dedicated living spaces. A dry basement provides convenient storage plus access to common laundry facilities.
Additional property features include green space, off-street parking, and a 2-car garage that is currently leased for additional revenue. The property is described as mechanically well maintained, with a newer high-efficiency boiler and a new roof. The location is described as highly desirable, with walkability to groceries, restaurants, and hospitals in Shadyside, Bloomfield, and Friendship.
On the second floor are two 1-bedroom units, and the third floor includes a spacious 2-bedroom unit. All units are described as having generous bedrooms and dedicated living spaces. A dry basement provides convenient storage plus access to common laundry facilities.
Additional property features include green space, off-street parking, and a 2-car garage that is currently leased for additional revenue. The property is described as mechanically well maintained, with a newer high-efficiency boiler and a new roof. The location is described as highly desirable, with walkability to groceries, restaurants, and hospitals in Shadyside, Bloomfield, and Friendship.
Key Highlights
- Four‑plex unit mix: one 3‑bedroom/1.5‑bath unit plus two 1‑bedroom units and one 2‑bedroom unit
- Private first‑floor entry for the 3‑bedroom/1.5‑bath unit, with a separate entrance for the other three units
- Dry basement with storage plus access to common laundry facilities
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.1k | $17.40 |
| − Vacancy | −$4.7k | −$1.13 |
| EGI | $67.4k | $16.27 |
| − OpEx | −$20.2k | −$4.88 |
| NOI | $47.2k | $11.39 |
4,141 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.7K
$589.5K – $786.0K
NOI $47,159 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$623.9K
$545.9K – $727.9K
NOI $43,674 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,317 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Stately four-plex with private first-floor entry, multiple unit entrances, off-street parking, and a leased 2-car garage.
Where is this quadplex located?
The property is located at 437 South Aiken Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑plex unit mix: one 3‑bedroom/1.5‑bath unit plus two 1‑bedroom units and one 2‑bedroom unit; Private first‑floor entry for the 3‑bedroom/1.5‑bath unit, with a separate entrance for the other three units; Dry basement with storage plus access to common laundry facilities
