Six-Unit Apartment
For Sale
Contact for pricing
7710 Waverly Street, Pittsburgh, PA 15221
Built in 1904, this Pittsburgh multifamily property combines historic architectural details with flexible residential layouts.
Property Size4,000 SF
Price / SF$175
Days on Market57
Property Features for 7710 Waverly Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Multifamily
Building Details
Year Built
1904
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Compass - Pittsburgh
Listed By:
Tirzah DeCaria · License #PA RS324440
Source:
Crexi
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 6:20AM
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 - Pittsburgh
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Investment Insights
Based on property information with market context.
Arden is a 4,000-square-foot apartment building at 7710 Waverly Street in Pittsburgh’s Point Breeze area. Constructed in 1904, the six-unit property was designed by architect Frederick G. Scheibler Jr., whose work incorporated Art Nouveau, Viennese Secession, and Arts and Crafts influences. The building is historic in character but does not carry an official historic designation.
All six apartments offer two bedrooms and one bathroom. Each layout includes a large front living room that may also function as a third bedroom, along with a dining room and kitchen. Architectural details vary throughout the residences, giving the building a distinctive interior character. The property also offers the possibility of pursuing local or national historic recognition, as described in the listing information.
All six apartments offer two bedrooms and one bathroom. Each layout includes a large front living room that may also function as a third bedroom, along with a dining room and kitchen. Architectural details vary throughout the residences, giving the building a distinctive interior character. The property also offers the possibility of pursuing local or national historic recognition, as described in the listing information.
Key Highlights
- Six‑unit apartment building in Pittsburgh’s Point Breeze area
- 4,000‑square‑foot building constructed in 1904
- Designed by architect Frederick G. Scheibler Jr.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,729
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,580
$814.6K
Cap Rate 7%
$581,843
$581.8K
Cap Rate 9%
$452,544
$452.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$79.2K $19.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$74.1K $18.51/SF
− OpEx
−$33.3K −$8.33/SF
NOI
$40.7K $10.18/SF
Area
ZIP 15221
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,580
Cap Rate 7%
$581,843
Cap Rate 9%
$452,544
Alternative Uses
Best Use
Apartment 5plus
$581.8K
$509.1K – $678.8K
NOI $40,729 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.5K – $1.19M
NOI $71,320 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 15221, PA
28,913
Population
17,621
Households
1.6
Avg Household Size
42
Median Age
42%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
4,663
Density / Sq Mi
$55,241
Median Household Income
$42,411
Median Earnings
$954
Median Rent
$157,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1904, this Pittsburgh multifamily property combines historic architectural details with flexible residential layouts.
Where is this apartment building located?
The property is located at 7710 Waverly Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Six‑unit apartment building in Pittsburgh’s Point Breeze area; 4,000‑square‑foot building constructed in 1904; Designed by architect Frederick G. Scheibler Jr.
