Building Details

Year built 1960

Number of units 2

Building materials Brick

Listing Agency: COLDWELL BANKER REALTY · Coldwell Banker Real Estate r***@coldwellbanker.com Show Phone

Listed By: Susan McGeorge · License #RS203548 Show Phone

Added: Jul 29 Changed: Sep 29 Last Checked: Oct 2 at 6:06AM

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MLS# 1767271

Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick duplex contains two side-by-side residences totaling approximately 2,000 square feet on a 0.14-acre lot. Each unit has a living room, dining room, kitchen, two bedrooms, a full bathroom, and a basement with laundry and storage. Laminate wood flooring has been installed throughout both units, and each residence has its own adjacent yard. Water and sewage are separately metered, and off-street parking is available. The property is zoned R2 and was built in 1960.

The property is near a shopping plaza with restaurants, with access to Downtown Pittsburgh, the Parkway, I-79, the airport, and public transportation. It is within the Montour School District. The 62 Wynne Avenue unit has been used as an active Airbnb; 64 Wynne Avenue is leased through October 31, 2026. The latter unit also has a dishwasher, new appliances including a washer and dryer, and a hot water heater installed in July 2026. An adjacent outbuilding provides storage and may have potential for conversion to a one-car garage.

Key Highlights

• Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
• Approximately 2,000 square feet on a 0.14‑acre lot
• Water and sewage are separately metered for each residence

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

$17,002

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

5.50%

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%

$340,040 $340.0K

Cap Rate 7%

$242,886 $242.9K

Cap Rate 9%

$188,911 $188.9K

Market Conditions

NOI Build-Up for 2,000 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

$25.7K $12.84/SF

− Vacancy

−$1.4K −$0.70/SF

EGI

$24.3K $12.14/SF

− OpEx

−$7.3K −$3.64/SF

NOI

$17.0K $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%

$340,040

Cap Rate 7%

$242,886

Cap Rate 9%

$188,911

Alternative Uses

Best Use

Multifamily LT 5

$242.9K

$212.5K – $283.4K (±1% cap)

NOI $17,002 @ 7.0% cap · market cap 5.50%

Second Best

Apartment 5plus

$222.3K

$194.5K – $259.3K (±1% cap)

NOI $15,560 @ 7.0% cap · market cap 5.04%

Theoretical Best

Office A

$509.4K

$445.8K – $594.3K (±1% cap)

NOI $35,660 @ 7.0% cap · market cap 11.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

465

Businesses Nearby

Explore this area Business Placement

Demographics for 15205, PA

23,594

Population

12,241

Households

1.9

Avg Household Size

38

Median Age

40%

College-Educated

95%

High-School Grad

11.7 sq mi

ZIP Area

2,017

Density / Sq Mi

$70,954

Median Household Income

$47,785

Median Earnings

$1,166

Median Rent

$171,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two updated residences have individual basements, separately metered utilities, and private outdoor areas.

Where is this duplex located?

The property is located at 62-64 Wynne Ave Ingram, PA.

What is the asking price?

The asking price for this property is $309,000.

What are key features of this property?

This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; Approximately 2,000 square feet on a 0.14‑acre lot; Water and sewage are separately metered for each residence