Spacious Shadyside Apartment with
For Sale
$319,000
5 Bayard Road #912, Shadyside, PA 15213
Comfortable 3-bedroom apartment in Shadyside with on-site amenities.
Property Size1,511 SF
Price / SF$211.12
Days on Market363
Property Features for 5 Bayard Road #912
General Information
Standard status
Active
Size
1,511 SF
Property subtype
Condominium
Amenities
Forced Air
Central Air
Gas
Some Gas Appliances
Dishwasher
Disposal
Microwave
Refrigerator
Stove
Building Details
Building Size
1,511 SF
Year Built
1969
Listing Agency:
COLDWELL BANKER REALTY
(941) 907-2000
Listed By:
COLDWELL BANKER REALTY · License #3234569
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 21
Last Checked: Aug 22 at 12:53PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in the heart of Shadyside, this 3-bedroom, 2-bath apartment offers a blend of comfort and convenience. The unit features a welcoming living space. Residents of Amberson Towers have access to on-site amenities, including a fitness center, community lounge, laundry facilities, and a rooftop terrace. The building also offers 24-hour maintenance services. Shadyside features tree-lined streets and architecture. The property is conveniently located near universities, medical centers, shopping, Downtown Pittsburgh, parks, and stadiums. Public transportation is readily accessible.
Key Highlights
- Prime Shadyside location, close to universities, medical centers, shopping, Downtown Pittsburgh, parks, and stadiums.
- Spacious 3‑bedroom, 2‑full bath apartment.
- On‑site amenities: fitness center, community lounge, laundry, and rooftop terrace.
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
$15,936
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
5.00%
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%
$318,720
$318.7K
Cap Rate 7%
$227,657
$227.7K
Cap Rate 9%
$177,067
$177.1K
Market Conditions
NOI Build-Up for 1,511 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
$30.8K $20.40/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$29.0K $19.18/SF
− OpEx
−$13.0K −$8.63/SF
NOI
$15.9K $10.55/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$318,720
Cap Rate 7%
$227,657
Cap Rate 9%
$177,067
Alternative Uses
Best Use
Apartment 5plus
$227.7K
$199.2K – $265.6K
NOI $15,936 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,685 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,993
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Comfortable 3-bedroom apartment in Shadyside with on-site amenities.
Where is this apartment building located?
The property is located at 5 Bayard Road #912 Shadyside, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Prime Shadyside location, close to universities, medical centers, shopping, Downtown Pittsburgh, parks, and stadiums.; Spacious 3‑bedroom, 2‑full bath apartment.; On‑site amenities: fitness center, community lounge, laundry, and rooftop terrace.
