For Sale
$10,900,000

306 Craft Ave Pittsburgh, PA 15213

60 Units, Excellent Location, High Demand

Overview

Added:
Jan 20
Days on market:
95
This exceptional investment opportunity presents a portfolio of six well-maintained multifamily buildings comprising 60 residential units situated on five parcels in Pittsburgh's desirable Oakland neighborhood. The portfolio includes a variety of unit sizes, featuring forty-three two-bedroom, one-bathroom units; nine one-bedroom, one-bathroom units; and eight three-bedroom, one-bathroom units. An additional parcel, currently used as a parking lot accommodating approximately eleven vehicles, is conveniently located adjacent to several of the buildings, adding significant value and convenience for residents. The buildings are situated in close proximity, simplifying management and maintenance. The portfolio's location in Oakland offers exceptional proximity to universities, ensuring consistently high occupancy rates and strong rental demand. The asking price is $10,900,000 for the entire 50,202 square foot portfolio situated on 0.33 acres. This is a rare opportunity to acquire a substantial, well-maintained multifamily portfolio in a prime location with significant upside potential. The portfolio's strong occupancy and desirable location make it an attractive investment for both seasoned and emerging investors seeking a stable and high-yielding asset.

Highlights

  • Sixty-unit multifamily portfolio in Pittsburgh's Oakland neighborhood.
  • Six well-maintained buildings across five parcels, plus a parking lot.
  • Unit mix includes 43 two-bedroom, 9 one-bedroom, and 8 three-bedroom apartments.

Property Details for 306 Craft Ave

Property type
Residential income homes, Residential income properties
Square Feet
50,202 SF
Price / Square Foot
$217.12
Buildings
5
Elevators
N/A
Lot Size (sq. ft)
14,375 SF
Units
60

Location Insight

City
Pittsburgh
County
State
Pennsylvania

FAQs

What type of property is this?
Residential income home - 60 Units, Excellent Location, High Demand
Where is the residential income home located?
The property is located at 306 Craft Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: Sixty-unit multifamily portfolio in Pittsburgh's Oakland neighborhood.; Six well-maintained buildings across five parcels, plus a parking lot.; Unit mix includes 43 two-bedroom, 9 one-bedroom, and 8 three-bedroom apartments.
How can I contact the broker?
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306 Craft Ave
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