Duplex with Detached Two-Car
For Sale
$450,000
6438-6440 Jackson Street, Pittsburgh, PA 15206
Two residential units feature matching two-bedroom, one-bath layouts with separate living and dining areas.
Property Size2,548 SF
Price / SF$176.61
Days on Market75
Property Features for 6438-6440 Jackson Street
General Information
Standard status
Active
Size
2,548 SF
Total Parking Spaces
2
Property subtype
Multi-Unit / Duplex
Zoning
R-2
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,002
Amenities
patio/balcony
basement laundry and storage
Hot Water
Yes
2
0.0
Gas
Asphalt
Building Details
Year Built
1920
Listing Agency:
Compass
(412) 519-7636
Listed By:
Allison Pochapin · License #RS-279686
(412) 519-7636
Source:
Compass
Added: Jun 18
Changed: Aug 30
Last Checked: Aug 30 at 10:42PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1920, this 2,548-square-foot duplex contains two residential units, each arranged with two bedrooms, one full bath, living and dining rooms, a kitchen, and closet storage. A basement provides laundry and additional storage, while the detached two-car garage and off-street parking add practical convenience. The property is zoned R-2.
Located at 6438-6440 Jackson Street in Pittsburgh’s Highland Park area, the duplex is near the park, neighborhood cafés, and local dining. The configuration supports flexible residential ownership, with two separately arranged units and shared lower-level storage and laundry space.
Located at 6438-6440 Jackson Street in Pittsburgh’s Highland Park area, the duplex is near the park, neighborhood cafés, and local dining. The configuration supports flexible residential ownership, with two separately arranged units and shared lower-level storage and laundry space.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,548 square feet across the duplex
- Detached 2‑car garage with off‑street parking
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
$29,017
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
6.45%
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%
$580,340
$580.3K
Cap Rate 7%
$414,529
$414.5K
Cap Rate 9%
$322,411
$322.4K
Market Conditions
NOI Build-Up for 2,548 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
$44.3K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.5K $16.27/SF
− OpEx
−$12.4K −$4.88/SF
NOI
$29.0K $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%
$580,340
Cap Rate 7%
$414,529
Cap Rate 9%
$322,411
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,017 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$383.9K
$335.9K – $447.9K
NOI $26,873 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$811.5K
$710.1K – $946.7K
NOI $56,804 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 15206, PA
28,774
Population
17,004
Households
1.7
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
4.8 sq mi
ZIP Area
5,995
Density / Sq Mi
$69,906
Median Household Income
$49,009
Median Earnings
$1,284
Median Rent
$288,300
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 - Two residential units feature matching two-bedroom, one-bath layouts with separate living and dining areas.
Where is this duplex located?
The property is located at 6438-6440 Jackson Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,548 square feet across the duplex; Detached 2‑car garage with off‑street parking
