Updated Brick
For Sale
$315,000
62-64 Wynne Ave, Pittsburgh, PA 15205
ResidentialIncome, Pittsburgh, PA
Property Size2,000 SF
Lot Size0.14 Acres
Price / SF$157.50
Days on Market32
Property Features for 62-64 Wynne Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Zoning description
R2
Parking
2
Parking features
Off Street
Elementary school district
Montour
Middle school district
Montour
High school district
Montour
Subdivision
Ingram
Standard status
Active
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4126
Amenities
washer/dryer
private yard
storage
Building Details
Year built
1960
Number of units
2
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 963-7655
Listed By:
Susan McGeorge
(412) 963-7655
Added: Jul 29
Changed: Aug 26
Last Checked: Aug 29 at 11:06AM
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 side-by-side brick duplex, built in 1960, contains approximately 2,000 square feet and is configured as two separate residences. Each unit includes a living room, dining area, kitchen, two bedrooms, and one full bathroom, along with a private basement equipped for laundry and storage. Laminate wood flooring has been installed throughout both units, and each side has its own adjacent yard. Water and sewer utilities are separately metered by unit. The property is zoned R2 and includes off-street parking.
Located at 62-64 Wynne Ave in Pittsburgh, the duplex is near a shopping plaza with restaurants and offers access to Downtown Pittsburgh, the Parkway, I-79, the airport, and public transportation. The property is within the Montour School District. The 62 Wynne Avenue unit has operated as an active Airbnb, while the 64 Wynne Avenue unit is leased through October 31, 2026. The second unit includes a dishwasher, newer appliances, a washer and dryer, and a hot water heater installed in July 2026. An adjacent outbuilding provides storage and may be converted into a one-car garage.
Located at 62-64 Wynne Ave in Pittsburgh, the duplex is near a shopping plaza with restaurants and offers access to Downtown Pittsburgh, the Parkway, I-79, the airport, and public transportation. The property is within the Montour School District. The 62 Wynne Avenue unit has operated as an active Airbnb, while the 64 Wynne Avenue unit is leased through October 31, 2026. The second unit includes a dishwasher, newer appliances, a washer and dryer, and a hot water heater installed in July 2026. An adjacent outbuilding provides storage and may be converted into a one-car garage.
Key Highlights
- Approximately 2,000‑square‑foot side‑by‑side brick duplex on a 0.14‑acre lot
- Two units, each with 2 bedrooms, 1 full bath, full basement, and adjacent private yard
- Separate water and sewage meters for each unit
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
$22,777
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
7.23%
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%
$455,540
$455.5K
Cap Rate 7%
$325,386
$325.4K
Cap Rate 9%
$253,078
$253.1K
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
$34.8K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.5K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$22.8K $11.39/SF
Area
Pittsburgh, PA
Vacancy
6.50%
Lease Rate
$17.40 /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%
$455,540
Cap Rate 7%
$325,386
Cap Rate 9%
$253,078
Alternative Uses
Best Use
Multifamily LT 5
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$301.3K
$263.7K – $351.6K
NOI $21,094 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$637.0K
$557.3K – $743.1K
NOI $44,587 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residential income property with separate utilities, private yards, and full basements for both units.
Where is this duplex located?
The property is located at 62-64 Wynne Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 2,000‑square‑foot side‑by‑side brick duplex on a 0.14‑acre lot; Two units, each with 2 bedrooms, 1 full bath, full basement, and adjacent private yard; Separate water and sewage meters for each unit
