401 Aiken Ave Pittsburgh, PA 15232
This exceptional investment opportunity presents an 18-unit apartment building portfolio ideally situated in Pittsburgh's desirable Friendship Park neighborhood. The portfolio comprises two meticulously maintained buildings, each encompassing nine units, totaling 16,443 square feet on a combined 16,500 square foot lot. The buildings' back-to-back configuration streamlines management, enhancing efficiency and minimizing operational complexities. The unit mix includes nine studios, eight one-bedroom units, and a single two-bedroom carriage house. The property benefits from a prime location, offering convenient access to a vibrant array of entertainment, shopping, and dining options. 401 S Aiken Ave features a sizable backyard, presenting potential for expansion or the creation of additional off-street parking. While the owner currently covers all utilities, tenants contribute a monthly fee to offset expenses. This well-maintained property presents a compelling investment prospect in a highly sought-after area. The buildings are strategically positioned for simplified management and offer significant potential for future growth and value appreciation. The property is located at 401 S Aiken Ave, Pittsburgh, PA 15232. The asking price for this exceptional portfolio is $2,750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.