217-219 5th St
Property Description
Looking for a five-unit investment property near I-376 and Route 30 with separate utilities and strong rental upside? 217-219 5th Street in Wilmerding offers a rare opportunity to own both a duplex and a triplex on one deed and parcel, minutes from North Versailles, Monroeville, and major eastern suburb employment centers. This distinctive property consists of two separate residential buildings, a duplex at 217 5th Street and a triplex at 219 5th Street, providing flexibility for investors seeking rental income, portfolio expansion, or long-term value appreciation. The duplex features upper and lower units with matching floor plans. Each unit offers a covered front porch, a spacious 14x13 living room, 14x10 dining room, 13x8 kitchen, one bedroom measuring 14x11, and a full bathroom. Separate utilities allow for simplified management and tenant responsibility. The triplex at 219 5th Street includes three individual units. The first and second floor apartments feature nearly identical layouts, each with a generous 17x7 covered front porch, a 13x13 living room, 11x9 dining room, kitchen, one bedroom measuring 14x12, and a full bathroom. The third floor apartment offers its own unique layout with a 14x13 living room, 12x9 dining room, 12x11 bedroom, and 10x10 kitchen. An outdoor covered space off the kitchen includes a spiral staircase leading to the first floor, adding character and functionality to the unit. Additional value comes from significant capital improvements completed throughout the property. Electrical service has been updated throughout both buildings. The triplex furnaces and hot water tanks were replaced approximately in 2019-2020, helping reduce future maintenance concerns and providing added peace of mind for investors. Ideally located in Wilmerding within the East Allegheny School District, this property offers convenient access to I-376 and Route 30, making commuting throughout the eastern suburbs and into Downtown Pittsburgh easy. The property is just minutes from Monroeville, North Versailles, shopping, dining, and public transportation. Major employers and employment centers, including the Amazon fulfillment facility in North Versailles, help support continued rental demand in the area. Residents also enjoy proximity to the historic Westinghouse district and the broader Monroeville retail and business corridor. Whether you are expanding an existing portfolio, completing a 1031 exchange, or searching for a rare five-unit property with separate utilities, updated mechanical systems, and strong upside potential, 217-219 5th Street presents an exceptional investment opportunity in a location positioned for convenience, accessibility, and long-term rental appeal.
Broker Details
simpliHOM (855) 856-9466
MLS ID: 229040 State License Number: RS310318
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $220,000 |
| No. of Units: | 5 |
| Year Built: | 1915 |
| Opportunity Zone: | No |
| Price per unit: | $44,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-WPMLPA-1758892
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