Two-Unit Duplex with Commercial
For Sale
$259,900
626-628 Pittsburgh Street, Springdale, PA 15144
ResidentialIncome, Springdale, PA
Property Size2,880 SF
Lot Size0.11 Acres
Price / SF$90.24
Days on Market161
Property Features for 626-628 Pittsburgh Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
com
Zoning description
com
Parking
2
Parking features
On Street
Elementary school district
Allegheny Valley
Middle school district
Allegheny Valley
High school district
Allegheny Valley
Directions
USE GPS
Subdivision
Springdale Boro
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2645
Amenities
full basement
Building Details
Number of units
2
Roof type
Asphalt
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 963-7655
Listed By:
Robert Strohm · License #RS189629
(412) 638-1881
Added: Apr 3
Changed: Sep 9
Last Checked: Sep 10 at 9:06AM
MLS# 1746511
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 two-unit duplex includes a commercial area on the first floor and two apartments above. The building contains approximately 2,880 SF, more or less, along with a full basement. Each apartment includes one refrigerator and one range, and the property is being conveyed with those appliances in place.
Located at 626-628 Pittsburgh Street in Springdale, Pennsylvania, the property sits on 0.1095 acres and provides on-street parking. The roof is asphalt, and the zoning is identified as com. The configuration combines two residential units with a separate street-level commercial component within one building.
Located at 626-628 Pittsburgh Street in Springdale, Pennsylvania, the property sits on 0.1095 acres and provides on-street parking. The roof is asphalt, and the zoning is identified as com. The configuration combines two residential units with a separate street-level commercial component within one building.
Key Highlights
- Approximately 2,880 SF, more or less, in a two‑unit duplex with first‑floor commercial space
- Two upstairs apartments, each with 1 refrigerator and 1 range
- Full basement included
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
$22,406
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
8.62%
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%
$448,120
$448.1K
Cap Rate 7%
$320,086
$320.1K
Cap Rate 9%
$248,956
$249.0K
Market Conditions
NOI Build-Up for 2,880 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
$43.2K $15.00/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$40.7K $14.15/SF
− OpEx
−$18.3K −$6.37/SF
NOI
$22.4K $7.78/SF
Area
Allegheny County, PA
Vacancy
5.70%
Lease Rate
$15.00 /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%
$448,120
Cap Rate 7%
$320,086
Cap Rate 9%
$248,956
Alternative Uses
Best Use
Retail
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 12.91%
Second Best
Mixed Use
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 11.22%
Theoretical Best
Office A
$733.6K
$641.9K – $855.9K
NOI $51,351 @ 7.0% cap · market cap 19.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 15144, PA
3,998
Population
2,065
Households
1.9
Avg Household Size
46
Median Age
28%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
1,904
Density / Sq Mi
$58,925
Median Household Income
$43,059
Median Earnings
$906
Median Rent
$140,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two upstairs apartments accompany a street-level commercial area and full basement in a compact mixed-use building.
Where is this duplex located?
The property is located at 626-628 Pittsburgh Street Springdale, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Approximately 2,880 SF, more or less, in a two‑unit duplex with first‑floor commercial space; Two upstairs apartments, each with 1 refrigerator and 1 range; Full basement included
