800 Heberton StPittsburgh, PA 15206

For Sale
Call for price

36 Units, 98% Occupancy, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully remodeled, stabilized 36-unit multifamily portfolio in Pittsburgh, PA's desirable Point Breeze and Highland Park neighborhoods. The portfolio comprises seven buildings across five properties, offering a diverse mix of 20 townhomes and 16 garden-style apartments. Currently boasting 98% occupancy, this Class B asset generates strong, stable cash flow with significant upside potential due to below-market rents. The properties are strategically located near major employers like Bakery Square and Google's Pittsburgh offices, ensuring consistent tenant demand. The consolidated portfolio simplifies management and maximizes operational efficiencies. This fee-simple ownership offers a compelling investment opportunity in a robust market with low vacancy rates and steady rent growth, promising long-term value creation. The portfolio's prime location, diverse unit mix, and immediate rental upside potential make it an attractive addition to any real estate portfolio seeking consistent returns. The properties are situated in Allegheny County, with addresses including 800 Heberton St (15206), 319 N Murtland St (15208), 7100 Thomas Blvd (15208), 6949 McPherson Blvd (15208), and 7117 Thomas Blvd (15208).

Highlights

  • Five-property portfolio offering efficient management and operational synergies.
  • 36-unit portfolio featuring 20 townhomes and 16 garden-style apartments.
  • Minutes from Bakery Square, offering shopping, dining, and entertainment.
  • Close proximity to Google's Pittsburgh offices, attracting tech professionals.
  • High occupancy (95%+ historically) generating strong, consistent cash flow.
  • Below-market rents offer immediate upside potential for increased revenue.

Property Details for 800 Heberton St

Property type
Multifamily properties, Apartment buildings
Class
B
Buildings
7
Units
36

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.468774951658
Longitude
-79.916825308198
800 Heberton St, Pittsburgh, Pennsylvania

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800 Heberton St
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