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    1703 Carson St Pittsburgh, PA 15203

    Sponsored
    For Sale
    $775,000

    Prime location, 5-unit building, strong NOI.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A mixed-use property, located at 1703 E Carson St in Pittsburgh, Pennsylvania's vibrant South Side, presents a compelling investment opportunity. The 6,000 square foot building, situated on a 0.6-acre lot (APN 12-E-00305), comprises two buildings with four stories and features five units: three spacious apartments and a remodeled three-bedroom single-family home. Completely renovated in 2019, the property boasts a newer roof and updated mechanical systems, minimizing maintenance concerns. Currently operating at 100% occupancy since June 28, 2023, with five credit-rated tenants under one-year leases expiring June 28, 2024, the property generates a substantial Net Operating Income (NOI) of $75,000, resulting in a 9.68% cap rate. The asking price is $775,000, translating to $129.17 per square foot and $155,000 per unit. The property is zoned for commercial use and offers a stabilized, core investment opportunity, ideal for a 1031 exchange. This turnkey investment benefits from its prime location, strong rental potential, and established income stream, making it an attractive addition to any portfolio. The property's updated amenities and infrastructure ensure efficient operation and high tenant satisfaction.

    Property Features for 1703 Carson St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,000 SF
    Class
    A
    Lot Size
    26,136 SF

    Building Details

    Year Renovated
    2019
    Buildings
    2
    Stories
    4
    Units
    5

    HighLights

    • Low‑maintenance investment with 2019 remodel maximizing efficiency.
    • 2019 complete remodel providing a modern look and enhanced value.
    • Newer roof and mechanical systems minimizing maintenance expenses.
    • Five units: three apartments and a three‑bedroom single‑family home.
    • Prime South Side Pittsburgh location.
    • Strong rental potential due to well‑maintained units and desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pittsburgh Poke Hawaiian Restaurant Street Noodle Thai Restaurant

    Suggested Use

    Restaurant Law Firm 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
    -79.981812
    Latitude
    40.429124

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, 5-unit building, strong NOI.
    Where is this multifamily property located?
    The property is located at 1703 Carson St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Low-maintenance investment with 2019 remodel maximizing efficiency.; 2019 complete remodel providing a modern look and enhanced value.; Newer roof and mechanical systems minimizing maintenance expenses.
    Request Owner's contact information
    1703 Carson St 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
    1703 Carson St Pittsburgh, PA 15203
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