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    168 19Th St Pittsburgh, PA 15203

    Sponsored
    For Sale
    $1,200,000

    Class A, 3-unit, stabilized investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Canoe Building, located at 168 S 19th St, Pittsburgh, PA 15203, presents a unique investment opportunity. This Class A, three-unit apartment building boasts a highly desirable location within a super regional apartment submarket, close to major universities and benefiting from excellent demographics. Currently 100% occupied, this stabilized investment offers a strong pro-forma NOI of $68,000 and a 5.67% cap rate. The asking price is $1,200,000, translating to $400,000 per unit. The property is well-maintained and includes a convenient parking lot. This luxury apartment building represents a compelling opportunity for investors seeking a stable, high-performing asset in a prime Pittsburgh location. The building's superior condition and strong occupancy rate contribute to its exceptional financial performance. Its strategic location ensures consistent demand and long-term value appreciation. This is a rare chance to acquire a turnkey, high-quality multifamily property in a thriving market.

    Property Features for 168 19Th St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Units
    3

    HighLights

    • The Canoe Building, a luxury apartment building at 168 S 19th St, Pittsburgh, PA 15203.
    • 100% occupied, offering a stable investment.
    • Includes a convenient parking lot.
    • Located in a prime, super‑regional apartment submarket.
    • Well‑maintained property.
    • Close proximity to major universities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bottom Line Inc Business Management Consultant Buckman Communications Marketing Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.979461540977
    Latitude
    40.425569418344

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    FAQs

    What type of property is this?
    Multifamily property - Class A, 3-unit, stabilized investment.
    Where is this multifamily property located?
    The property is located at 168 19Th St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: The Canoe Building, a luxury apartment building at 168 S 19th St, Pittsburgh, PA 15203.; 100% occupied, offering a stable investment.; Includes a convenient parking lot.
    Request Owner's contact information
    168 19Th St Pittsburgh, PA 15203
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    Pittsburgh, PA 15203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    168 19Th St Pittsburgh, PA 15203
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