Duplex with Private
5972 Alder Street Pittsburgh, PA 15232
5972 Alder Street, Pittsburgh, PA, 15232
$550,000
For Sale
$550,000
Two-unit duplex offers separate one- and three-bedroom layouts, each with its own laundry setup.
Property Size2,315 SF
Price / SF$237.58
Days on Market48
Property Features for 5972 Alder Street
General Information
- Standard status
- Active
- Size
- 2,315 SF
- Property subtype
- Multi-Unit / Duplex
Building Details
- Year Built
- 1900
Listing agency
HOWARD HANNA REAL ESTATE SERVICES
(412) 339-4993
Listed by
Taylor Drawbaugh · License #RS346916
(412) 339-4993
Source
Compass
Added: Jun 4 Updated: Jul 21 at 5:22AM Checked: Jul 21 at 5:22AM
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 HOWARD HANNA REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This duplex features two separate residential units. Unit #1 is a one-bedroom, one-full-bath apartment with a fully equipped kitchen and its own laundry. Unit #2 provides three bedrooms and two full bathrooms with its own laundry, and includes modern updates while maintaining home character.
The property is located within walking distance to S. Highland St, Walnut St, and Bakery Square.
The flexible layout allows for continued duplex use, or for conversion to a single-family home by removing the wall separating the units.
The property is located within walking distance to S. Highland St, Walnut St, and Bakery Square.
The flexible layout allows for continued duplex use, or for conversion to a single-family home by removing the wall separating the units.
Key Highlights
- Two‑unit duplex with separate one- and three‑bedroom layouts
- Unit #1: 1 bed, 1 full bath, fully equipped kitchen, roughly 815 sq. ft., and its own laundry
- Unit #2: roughly 1,500 sq. ft., 3 bedrooms, 2 full bathrooms, and its own laundry
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 | $40.3k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.7k | $16.27 |
| − OpEx | −$11.3k | −$4.88 |
| NOI | $26.4k | $11.39 |
2,315 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.6K
$329.6K – $439.4K
NOI $26,364 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$348.8K
$305.2K – $406.9K
NOI $24,416 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$737.3K
$645.1K – $860.2K
NOI $51,609 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers separate one- and three-bedroom layouts, each with its own laundry setup.
Where is this duplex located?
The property is located at 5972 Alder Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with separate one- and three‑bedroom layouts; Unit #1: 1 bed, 1 full bath, fully equipped kitchen, roughly 815 sq. ft., and its own laundry; Unit #2: roughly 1,500 sq. ft., 3 bedrooms, 2 full bathrooms, and its own laundry
