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    133 22Nd St Pittsburgh, PA 15203

    For Sale
    $299,000

    Vacant, Value-Add Opportunity in Historic District

    Property size:
    2,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This bank-owned foreclosure presents a compelling value-add investment opportunity in Pittsburgh's vibrant urban core. Located at 133 S 22nd St, this three-unit apartment building offers significant potential for renovation and increased profitability. The property, built in 1899, comprises a three-story structure with a total of 2,540 square feet of net rentable space, situated on a 1,176 square foot lot. Currently vacant, this property allows for complete customization to maximize rental income. The asking price is $299,000, translating to $117.72 per square foot and $99,666.67 per unit. The building includes four parking spaces, a valuable amenity in this location. The property's C-class designation reflects its current condition, highlighting the potential for substantial appreciation through renovations and improvements. Seller financing may be available, making this an attractive proposition for investors seeking a hands-on project with potential for significant return. The Allegheny County property is identified by APN 0012K00192000000 and is situated in the 15203 zip code. This property is ideal for an investor or a buyer seeking a live-in opportunity with rental income potential. The property's location and potential for renovation make it a strong contender in the Pittsburgh real estate market.

    Property Features for 133 22Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,540 SF
    Class
    C

    Building Details

    Year Built
    1899
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Needs renovation and improvements.
    • Seller financing may be considered.
    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
    -79.97460385251
    Latitude
    40.426622345908

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    FAQs

    What type of property is this?
    Multifamily property - Vacant, Value-Add Opportunity in Historic District
    Where is this multifamily property located?
    The property is located at 133 22Nd St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Needs renovation and improvements.; Seller financing may be considered.;
    Request Owner's contact information
    133 22Nd 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
    133 22Nd St Pittsburgh, PA 15203
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