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305 Bessemer Ave 6 Unit Apartment Building $420,000 ($70,000/Unit) 11.88% Cap Rate East Pittsburgh, PA 15112
Investment Highlights
- Turnkey investment property
- Roof replaced 9 years ago
- Laundry on site
- Most mechanicals updated
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 305 Bessemer Ave in East Pittsburgh for sale. This is a 6 unit property made up of (3) 2BD/1BA units and (3) 3BD/1BA units. The building is well maintained by the current owner and many recent updates have been made to the units. The landlord pays for trash and tenants pay for all other utilities.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,696
|
$13.12
|
| Other Income |
$1,440
|
$0.24
|
| Vacancy Loss |
$3,935
|
$0.66
|
| Effective Gross Income |
$76,201
|
$12.70
|
| Taxes |
$3,146
|
$0.52
|
| Operating Expenses |
$16,456
|
$2.74
|
| Total Expenses |
$19,602
|
$3.27
|
| Net Operating Income |
$56,599
|
$9.43
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,696 |
| Annual Per SF | $13.12 |
| Other Income | |
|---|---|
| Annual | $1,440 |
| Annual Per SF | $0.24 |
| Vacancy Loss | |
|---|---|
| Annual | $3,935 |
| Annual Per SF | $0.66 |
| Effective Gross Income | |
|---|---|
| Annual | $76,201 |
| Annual Per SF | $12.70 |
| Taxes | |
|---|---|
| Annual | $3,146 |
| Annual Per SF | $0.52 |
| Operating Expenses | |
|---|---|
| Annual | $16,456 |
| Annual Per SF | $2.74 |
| Total Expenses | |
|---|---|
| Annual | $19,602 |
| Annual Per SF | $3.27 |
| Net Operating Income | |
|---|---|
| Annual | $56,599 |
| Annual Per SF | $9.43 |
Property Facts
| Price | $420,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 11.88% | Building Size | 6,000 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/1985 |
| Property Subtype | Apartment | Cross Streets | Western Ave |
| Zoning | NC - Mixed-Use Commercial - Neighborhood Mixed Use Commercial District | ||
| Price | $420,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 11.88% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/1985 |
| Cross Streets | Western Ave |
| Zoning | NC - Mixed-Use Commercial - Neighborhood Mixed Use Commercial District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0375-P-00214-0000-00 | Total Assessment | $80,800 (2026) |
| Land Assessment | $10,000 (2026) | Annual Taxes | $3,146 ($0.52/SF) |
| Improvements Assessment | $70,800 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
0375-P-00214-0000-00
Land Assessment
$10,000 (2026)
Improvements Assessment
$70,800 (2026)
Total Assessment
$80,800 (2026)
Annual Taxes
$3,146 ($0.52/SF)
Tax Year
2025
Contacts
-
Perry Nickleach -
Chase Takacs -
Keane George -
SVN | Three Rivers Commercial Advisors
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