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5706 Darlington Rd - Schwartz 2,865 SF Specialty Building Offered at $950,000 at a 6.98% Cap Rate in Pittsburgh, PA 15217
Investment Highlights
- Located near Carnegie Mellon University, The University of Pittsburgh, UPMC Hospital Cooridor
- Hardwood Floors, Great Natural Light
Executive Summary
5706 Darlington Road represents a rare opportunity to acquire a fully leased, income-producing triplex in Pittsburgh's highly sought-after Squirrel Hill neighborhood. This three-unit property delivers robust, in-place cash flow with 100% occupancy and an annual gross rental income of approximately $82,500, supported by a tenant base largely comprised of professionals and graduate students. The property offers a current cap rate of 6.98% and a net operating income of $66,349, making it a compelling long-term investment. Each unit features three bedrooms and one bath with hardwood floors, natural light, and fully equipped kitchens. Residents enjoy a shared backyard, porch, and deck space, enhancing livability in a high-demand rental submarket where vacancies remain scarce. Electric is separately metered, while gas, water, and sewer are included by the owner.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,500
|
$28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,500
|
$28.80
|
| Taxes |
$4,963
|
$1.73
|
| Operating Expenses |
$11,188
|
$3.91
|
| Total Expenses |
$16,151
|
$5.64
|
| Net Operating Income |
$66,349
|
$23.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $82,500 |
| Annual Per SF | $28.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,500 |
| Annual Per SF | $28.80 |
| Taxes | |
|---|---|
| Annual | $4,963 |
| Annual Per SF | $1.73 |
| Operating Expenses | |
|---|---|
| Annual | $11,188 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $16,151 |
| Annual Per SF | $5.64 |
| Net Operating Income | |
|---|---|
| Annual | $66,349 |
| Annual Per SF | $23.16 |
Property Facts
| Price | $950,000 | Property Subtype | Residential Income |
| Price Per SF | $331.59 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.98% | Building Size | 2,865 SF |
| Gross Rent Multiplier | 11.5 | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1930 |
| Zoning | RM-M | ||
| Price | $950,000 |
| Price Per SF | $331.59 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| Gross Rent Multiplier | 11.5 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,865 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | RM-M |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0086-K-00116-0000-00 | Total Assessment | $200,000 |
| Land Assessment | $100,000 | Annual Taxes | $4,963 ($1.73/SF) |
| Improvements Assessment | $100,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
0086-K-00116-0000-00
Land Assessment
$100,000
Improvements Assessment
$100,000
Total Assessment
$200,000
Annual Taxes
$4,963 ($1.73/SF)
Tax Year
2025
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5706 Darlington Rd - Schwartz
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