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329 Downing St St, Polish Hill, PA 15219
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$499,000
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Home Details for 329 Downing St St
Price
$499,000
Type
Multi Family
Year Build
1900
Lot Size
0.1125
County
Allegheny-East
Basement
Unfinished
Tax
$1,293
MLS®️ Listing#
1695343
On exitrealty.com
224 days
Property Description
Fully updated brick 4-unit building in Polish Hill, now newly rezoned as a legal quadplex with two new off-street parking pads added, creating 4 total spaces (one per unit). This prime turn-key investment opportunity offers flexible long-term rental and short-term rental potential. Unit mix includes one 3-bedroom / 1-bathroom unit, two 1-bedroom / 1-bathroom units, and one Studio apartment. Some units currently operate as successful Airbnbs. Features refreshed kitchens and bathrooms, updated mechanicals. Solid construction, tall ceilings, separate entries with coded locks, laundry in largest unit, basement storage, and shed. Located minutes from Downtown, Lawrenceville, Oakland, and the Strip District. Ideal for investors, 1031 buyers, or house hackers seeking strong returns. Estimated 8.5% cap rate using conservative HUD Fair Market Rent figures. For a complete virtual walkthrough tour, search "329 Downing St" on YouTube.
- Utilities
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
- Parking
- Off Street
- Basement
- Unfinished
Listing Courtesy: RIVER POINT REALTY, LLC - 412-415-1115
West Penn MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than {{BROKERAGE}} may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2025 All rights reserved.
Last Updated: 2025-06-30 11:03:06
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