168 19Th St Pittsburgh, PA 15203
- Commercial real estate
Current Use by Public Records
- Bottom Line Inc / Business Management Consultant
- Buckman Communications / Marketing Consultant
Property Details for 168 19Th St
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.979461540977
- Latitude
- 40.425569418344
