1663 Suburban Ave, Pittsburgh, PA 15216
Local realty services provided by:ERA Lechner & Associates, Inc.
Listed by: michael podolinsky
Office: coldwell banker realty
MLS#:1765499
Source:PA_WPN
Price summary
- Price:$340,000
About this home
This well-maintained four-unit investment property in Pittsburgh's Beechview neighborhood presents an exceptional opportunity for investors seeking immediate cash flow. The property is 100% occupied and offers an impressive 9.0% cap rate, making it a strong addition to any investment portfolio.
Each of the four units features a functional 1-bedroom, 1-bathroom layout with a combination of LVT and carpeting throughout. Several units showcase beautiful original woodwork, adding character and charm that tenants appreciate. Residents also enjoy the convenience of an on-site, shared coin-operated washer and dryer, providing an additional income stream.
Situated on a quiet dead-end street with minimal traffic, the property offers both on-street parking and two off-street parking spaces. It is ideally located less than one block from the Westfield PRT Station (Trolley), providing quick and convenient access to Downtown Pittsburgh, the West End, and the South Hills within minutes... and if driving, Only 9 Minutes to Point State Park!
The building is individually metered for electric, with tenants responsible for their own electric service. The owner pays for gas heat (hot water boiler system), water, sewer, common area electric, taxes, and insurance. With its strong occupancy history, desirable location, classic architectural details, and excellent investment metrics, this turnkey multifamily property is an outstanding opportunity for both seasoned and first-time investors....
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Home facts
- Year built:1900
- Listing ID #:1765499
- Added:1 day(s) ago
- Updated:July 20, 2026 at 09:59 AM
Rooms and interior
- Basement:Yes
- Basement Description:Full
Structure and exterior
- Roof:Asphalt
- Year built:1900
- Lot area:0.49 Acres
- Architectural Style:Fourplex
- Construction Materials:Brick
Finances and disclosures
- Price:$340,000
- Tax amount:$1,895
Parking
- Total parking spaces:2
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