For Sale
$1,200,000

168 19Th St Pittsburgh, PA 15203

Class A, 3-unit, stabilized investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • The Canoe Building, a luxury apartment building at 168 S 19th St, Pittsburgh, PA 15203.
  • 100% occupied, offering a stable investment.
  • Includes a convenient parking lot.
  • Located in a prime, super-regional apartment submarket.
  • Well-maintained property.
  • Close proximity to major universities.

Property Details for 168 19Th St

Property type
Apartment buildings
Class
A
Units
3

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.425569418344
Longitude
-79.979461540977

FAQs

What type of property is this?
Apartment building - Class A, 3-unit, stabilized investment.
Where is the apartment building located?
The property is located at 168 19Th St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: The Canoe Building, a luxury apartment building at 168 S 19th St, Pittsburgh, PA 15203.; 100% occupied, offering a stable investment.; Includes a convenient parking lot.
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.
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168 19Th St
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