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4407 Butler St 5 Unit Apartment Building $1,595,000 ($319,000/Unit) 7.64% Cap Rate Pittsburgh, PA 15201
Executive Summary
Rare Offering - The Buvinger Building - Wonderful chance to invest in a stabilized, fully renovated, high-quality boutique building with historic charm on Butler Street in the heart of Lawrenceville! This 5 unit property boasts first floor restaurant space with a recently renewed lease and 5+ years of operating history. Enter through the private residential entrance to access the 4 fully rented and beautifully maintained residential rental units. The higher-end finishes paired with salvaged historic features create a bespoke experience that appeals to the most discerning of renter. Enjoy strong existing cash flow, Airbnb, or owner occupy. Hurry this won’t last long!
Property Facts
| Price | $1,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $319,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.64% | Building Size | 6,000 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Zoning | LNC - Local Neighborhood Commercial | ||
| Price | $1,595,000 |
| Price Per Unit | $319,000 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built | 1880 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | LNC - Local Neighborhood Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0049-B-00195-0000-00 | Improvements Assessment | $346,700 |
| Land Assessment | $57,800 | Total Assessment | $404,500 |
Property Taxes
Parcel Number
0049-B-00195-0000-00
Land Assessment
$57,800
Improvements Assessment
$346,700
Total Assessment
$404,500
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4407 Butler St
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