224-226 S Pacific Ave

Property Description

Don't miss this exceptional opportunity to own a well-maintained, fully furnished 6-unit apartment building in one of Pittsburgh's most desirable rental markets. Whether you're seeking a turnkey long-term rental portfolio, a short-term rental operation, or a hybrid investment strategy, this property offers incredible flexibility and income potential. Located in the highly sought-after Friendship neighborhood, the building attracts a consistent tenant base thanks to its proximity to Pittsburgh's major employment and education hubs, including Children's Hospital, West Penn Hospital, UPMC Shadyside, and numerous universities. Residents enjoy easy access to East Liberty, Shadyside, Bloomfield, and Lawrenceville, placing some of the city's best shopping, dining, nightlife, and entertainment just minutes away. Timeless architectural character is showcased throughout the property with original hardwood floors, decorative woodwork, vintage tile and bath details, built-in cabinetry, original fireplaces, and classic Pittsburgh charm rarely found in today's rental inventory. The property has been thoughtfully maintained and features separate electric meters, tenant-paid utilities to help maximize cash flow, coin-operated laundry, a steel fire escape, and a brand-new 3-4 car rear parking pad. Numerous recent improvements make this a truly turnkey opportunity. Unit Highlights Include: Unit 1F - Owner-Occupant Dream A spacious 2-bedroom, 1.5-bath apartment that feels more like a private home than a rental. Features include a separate living room, formal dining room, full kitchen, oversized central hallway, two large bedrooms with dual closets, original fireplaces, beautiful woodwork, private front porch, separate entrance, and direct basement access. Unit 1R - A desirable efficiency apartment with a separate kitchen, offering excellent rental flexibility. Unit 2F - A large 1-bedroom apartment featuring a separate living room, kitchen, bedroom, and central hallway with additional storage. Unit 2R - A charming 2-bedroom apartment with its own private entrance, covered porch, and courtyard. Highlights include spacious bedrooms, a walk-in closet, vintage bathroom fixtures, built-in glass cabinetry, hardwood floors, original fireplaces, and abundant natural character. Unit 3 - Occupying the entire third floor, this oversized 1-bedroom apartment features an open-concept living, dining, and kitchen area. The well-equipped kitchen offers a massive island, abundant cabinet space, ceramic tile flooring, and a dedicated work-from-home nook. Additional Income Potential The basement efficiency apartment presents a future value-add opportunity. While currently requiring city permitting before occupancy, it could provide an additional income stream. The basement also includes tenant storage areas and coin-operated laundry facilities. Fully furnished, centrally located, rich in character, and packed with income potential, this is a rare opportunity to acquire a turnkey multifamily asset in one of Pittsburgh's strongest rental corridors.