Four-Unit Brick Apartment
For Sale
Contact for pricing
533 Station St, Bridgeville, PA 15017
Fully leased four-unit brick apartment building with below-market rentals in Bridgeville, PA.
Property Size2,660 SF
Price / SF$148.50
Days on Market49
Property Features for 533 Station St
General Information
Standard status
Active
Size
2,660 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 536-5036
Listed By:
Max Watterson · License #RS369179
Source:
Crexi
Added: Jul 7
Changed: Aug 21
Last Checked: Aug 22 at 6:48PM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
SVN Three Rivers Commercial Advisors presents 533 Station St in Bridgeville, for sale. The property is a four-unit brick apartment building that is fully leased, with below-market rental income in place.
The building is described as well located in Bridgeville, providing residents easy access to local amenities, Downtown Pittsburgh, the airport, and Washington, PA.
For buyers seeking a stabilized residential income asset, this four-unit structure offers current occupancy with rental performance referenced as below market rentals.
The building is described as well located in Bridgeville, providing residents easy access to local amenities, Downtown Pittsburgh, the airport, and Washington, PA.
For buyers seeking a stabilized residential income asset, this four-unit structure offers current occupancy with rental performance referenced as below market rentals.
Key Highlights
- Four‑unit brick apartment building in Bridgeville, PA
- Fully leased with below‑market rentals
- Well located in Bridgeville with access to local amenities, Downtown Pittsburgh, the airport, and Washington, PA
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
$22,612
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
5.72%
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%
$452,240
$452.2K
Cap Rate 7%
$323,029
$323.0K
Cap Rate 9%
$251,244
$251.2K
Market Conditions
NOI Build-Up for 2,660 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
$34.2K $12.84/SF
− Vacancy
−$1.9K −$0.70/SF
EGI
$32.3K $12.14/SF
− OpEx
−$9.7K −$3.64/SF
NOI
$22.6K $8.50/SF
Area
Allegheny County, PA
Vacancy
5.42%
Lease Rate
$12.84 /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%
$452,240
Cap Rate 7%
$323,029
Cap Rate 9%
$251,244
Alternative Uses
Best Use
Multifamily LT 5
$323.0K
$282.7K – $376.9K
NOI $22,612 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,694 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$677.5K
$592.9K – $790.5K
NOI $47,428 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 15017, PA
16,971
Population
8,388
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
97%
High-School Grad
12.2 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,611
Median Household Income
$54,958
Median Earnings
$1,099
Median Rent
$238,600
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?
Quadplex - Fully leased four-unit brick apartment building with below-market rentals in Bridgeville, PA.
Where is this quadplex located?
The property is located at 533 Station St Bridgeville, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit brick apartment building in Bridgeville, PA; Fully leased with below‑market rentals; Well located in Bridgeville with access to local amenities, Downtown Pittsburgh, the airport, and Washington, PA
