For Sale
$2,750,000

401 Aiken Ave Pittsburgh, PA 15232

18-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
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.

Highlights

  • Well-maintained 18-unit apartment building portfolio.
  • Walkable to ample entertainment, dining, and shopping.
  • Back-to-back building configuration simplifies management.
  • Excellent location in Pittsburgh's desirable Friendship Park neighborhood.
  • Potential for separate sale of buildings.

Property Details for 401 Aiken Ave

Property type
Apartment buildings
Square Feet
16,443 SF
Buildings
2
Units
18

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4593863
Longitude
-79.9378146

FAQs

What type of property is this?
Apartment building - 18-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 401 Aiken Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Well-maintained 18-unit apartment building portfolio.; Walkable to ample entertainment, dining, and shopping.; Back-to-back building configuration simplifies management.
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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401 Aiken Ave
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