For Sale
$3,795,000

5532-5540 Covode Street Pittsburgh, PA 15217

Prime Squirrel Hill multifamily investment.

Overview

Added:
Jan 20
Days on market:
95
This exceptional investment opportunity presents Concord Plaza, a 33-unit apartment building situated in Pittsburgh's desirable Squirrel Hill neighborhood. The property boasts a substantial 26,064 square feet of building space, comfortably housing 21 one-bedroom units and 12 studio apartments. Residents enjoy the convenience of on-site laundry facilities. The property also includes a parking lot offering approximately 12 parking spaces for tenants. The building itself is constructed of solid brick, indicating a robust and durable structure. The 0.39-acre lot provides ample space for the building and its parking. This property represents a rare chance to acquire a well-established multifamily complex with a history of long-term ownership (over 20 years), offering a strong foundation for continued success. The building's location in Squirrel Hill provides excellent access to local amenities, transportation, and a thriving community. This is an ideal investment for those seeking a stable and potentially high-yielding asset in a sought-after Pittsburgh neighborhood. The property is offered at $3,795,000.

Highlights

  • Prime 33-unit apartment building in Pittsburgh's desirable Squirrel Hill neighborhood.
  • Solid brick construction offering durable, long-term value.
  • Convenient on-site parking for approximately 12 vehicles.

Property Details for 5532-5540 Covode Street

Property type
Opportunity zone commercial real estate, Residential income properties
Square Feet
26,064 SF
Price / Square Foot
$145.60
Total Parking Spaces
12
Elevators
N/A
Lot Size (sq. ft)
17,135 SF
Units
33

Location Insight

City
Pittsburgh
County
State
Pennsylvania

FAQs

What type of property is this?
Opportunity zone commercial real estate - Prime Squirrel Hill multifamily investment.
Where is the opportunity zone commercial real estate located?
The property is located at 5532-5540 Covode Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Prime 33-unit apartment building in Pittsburgh's desirable Squirrel Hill neighborhood.; Solid brick construction offering durable, long-term value.; Convenient on-site parking for approximately 12 vehicles.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5532-5540 Covode Street
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message