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    1107 Langtry St Pittsburgh, PA 15212

    Sponsored
    For Sale
    $2,225,000

    Pittsburgh Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents Halls Grove Apartments, a 36-unit multifamily property located at 1107 Langtry St, Pittsburgh, PA 15212, in the desirable Marshall/Shadeland submarket. The property boasts a strong 9.02% cap rate based on a Net Operating Income (NOI) of $200,675, with an asking price of $2,225,000. The complex comprises a well-maintained, all-brick, 32-unit building, originally constructed as a school in 1988, and four additional two-bedroom townhome units situated across the street. Each unit in the main building features in-unit laundry facilities and air conditioning. Tenants are responsible for their own electricity, while townhome tenants cover all utilities. The property includes 19 off-street parking spaces, a significant advantage in this location. Approximately half of the tenants currently utilize Section 8 vouchers. Conveniently located approximately five miles from Downtown Pittsburgh, Halls Grove Apartments enjoys proximity to Riverview Park, diverse employment opportunities, numerous restaurants, and excellent transportation options. This property offers a compelling combination of strong cash flow, attractive location, and potential for future upside. The property's Class C designation reflects its current condition and potential for value-add improvements. The price per unit is $61,805.56.

    Property Features for 1107 Langtry St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Units
    36

    HighLights

    • Well‑maintained, all‑brick 36‑unit multifamily property.
    • Tenants pay electricity; townhomes pay all utilities.
    • In‑unit laundry and air conditioning.
    • 9.02% cap rate, $2,225,000 asking price, $61,805.56 per unit.
    • 19 off‑street parking spaces.
    • Four two‑bedroom townhome units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0279733
    Latitude
    40.4773006

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    FAQs

    What type of property is this?
    Multifamily property - Pittsburgh Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1107 Langtry St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $2,225,000.
    What are key features of this property?
    This property features: Well-maintained, all-brick 36-unit multifamily property.; Tenants pay electricity; townhomes pay all utilities.; In-unit laundry and air conditioning.
    Request Owner's contact information
    1107 Langtry St Pittsburgh, PA 15212
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    Pittsburgh, PA 15212
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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
    1107 Langtry St Pittsburgh, PA 15212
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