Two-Unit Duplex with
New
For Sale
$350,000
89 Sumner Ave, Pittsburgh, PA 15202
Separate utility service and entrances give each residence an independent setup.
Property Size1,250 SF
Price / SF$280
Days on Market3
Property Features for 89 Sumner Ave
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private balcony
laundry
Building Details
Year Built
1847
Listing Agency:
Berkshire Hathaway The Preferred Realty
(412) 521-5100
Listed By:
Jackson Realty Group
(412) 790-2779
Source:
Jacksonrealty
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 6:04PM
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 Berkshire Hathaway The Preferred Realty
Investment Insights
Based on property information with market context.
Built in 1847, this duplex contains two residences measuring 1,250 square feet apiece. Each has two bedrooms, one bathroom, its own entrance and utility service, and a private balcony. Original moldings and slate mantels retain period detail. The basement provides laundry and storage, while an unfinished third floor could be used to enlarge the second residence.
Three off-street parking spaces are available through a shared driveway. Lincoln Avenue shops and restaurants are a short walk away, with Route 65 and Downtown Pittsburgh accessible for commuting.
Three off-street parking spaces are available through a shared driveway. Lincoln Avenue shops and restaurants are a short walk away, with Route 65 and Downtown Pittsburgh accessible for commuting.
Key Highlights
- Two residences, each with 1,250 square feet, 2 bedrooms, and 1 bathroom
- Separate entrances and utility service for both units
- Private balcony for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,235
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,700
$284.7K
Cap Rate 7%
$203,357
$203.4K
Cap Rate 9%
$158,167
$158.2K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$21.8K $17.40/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$20.3K $16.27/SF
− OpEx
−$6.1K −$4.88/SF
NOI
$14.2K $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 Rate 5%
$284,700
Cap Rate 7%
$203,357
Cap Rate 9%
$158,167
Alternative Uses
Best Use
Multifamily LT 5
$203.4K
$177.9K – $237.3K
NOI $14,235 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$188.3K
$164.8K – $219.7K
NOI $13,184 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$398.1K
$348.3K – $464.5K
NOI $27,867 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 15202, PA
20,081
Population
10,555
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
4.5 sq mi
ZIP Area
4,462
Density / Sq Mi
$65,845
Median Household Income
$48,353
Median Earnings
$955
Median Rent
$197,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service and entrances give each residence an independent setup.
Where is this duplex located?
The property is located at 89 Sumner Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residences, each with 1,250 square feet, 2 bedrooms, and 1 bathroom; Separate entrances and utility service for both units; Private balcony for each residence
