Must See- Solid brick 10 unit building conveniently located in the heart of East Pittsburgh. Perfect for an investor looking for a great cash flow and value add opportunity. Put forth the effort to rehab units and achieve prime market rents. 2/10 units are currently occupied, 2 units are ready to rent, and the other 6 will need cosmetic renovations to prepare for new renters. 2 Units on Basement Floor (Left Side and Right Side). 4 Units on Floor 1 (101-104) and 4 Units on Floor 2 (201-204). Each Floor has one set of Coin Op Laundry. Electric is split. Brand new high-efficiency boiler and 2 newer hot water tanks. New concrete steps are being installed in the front of the building. Owner currently pays gas, water and sewer. On street parking. This is a rare find, ideal for any investment portfolio!
Sold for $340,000
$340,000
1580 Electric Ave, East Pittsburgh, PA 15112
14beds
10baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$423,800 Zestimate®
$--/sqft
$1,259 Estimated rent
Home value
$423,800
$373,000 - $479,000
$1,259/mo
Zestimate® history
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$2,307/mo
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Zillow last checked:
Listing updated:
Listed by:
Ryan Shedlock 412-421-9120,
HOWARD HANNA REAL ESTATE SERVICES
Bought with:
Ryan Shedlock
HOWARD HANNA REAL ESTATE SERVICES
Source: WPMLS,MLS#: 1583522
Originating MLS: West Penn Multi-List
Originating MLS: West Penn Multi-ListFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 10
Features
- Basement: Partially Finished
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 0.33 Acres
- Dimensions: 87 x 167
Details
- Parcel number: 1580 ELECTRIC AVE 218002
- Zoning: COM
- Zoning description: COM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Other
Condition
- Year built: 1940
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Public Transportation
Location
- Region: East Pittsburgh
Financial & listing details
- Tax assessed value: $297,200
- Annual tax amount: $12,699
- Date on market: 11/9/2022
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2023 | Sold | $340,000-6.8% |
Source:  WPMLS #1583522 Report a problem | ||
| 3/17/2023 | Contingent | $365,000 |
Source: WPMLS #1583522 Report a problem | ||
| 3/7/2023 | Price change | $365,000-2.7% |
Source: WPMLS #1583522 Report a problem | ||
| 2/28/2023 | Listed for sale | $375,000 |
Source: WPMLS #1583522 Report a problem | ||
| 1/21/2023 | Contingent | $375,000 |
Source: WPMLS #1583522 Report a problem | ||
| 1/3/2023 | Listed for sale | $375,000 |
Source: WPMLS #1583522 Report a problem | ||
| 12/17/2022 | Contingent | $375,000 |
Source: WPMLS #1583522 Report a problem | ||
| 11/9/2022 | Listed for sale | $375,000+11.9% |
Source: WPMLS #1583522 Report a problem | ||
| 5/14/2021 | Sold | $335,000-4.3% |
Source: WPMLS #1479970 Report a problem | ||
| 3/16/2021 | Contingent | $349,900 |
Source: WPMLS #1479970 Report a problem | ||
| 3/13/2021 | Price change | $349,900-9.1% |
Source: WPMLS #1479970 Report a problem | ||
| 3/4/2021 | Listed for sale | $385,000 |
Source: WPMLS #1479970 Report a problem | ||
| 1/4/2021 | Pending sale | $385,000 |
Source: Howard Hanna - Squirrel Hill #1479970 Report a problem | ||
| 1/4/2021 | Contingent | $385,000 |
Source: WPMLS #1479970 Report a problem | ||
| 12/15/2020 | Listed for sale | $385,000+13.2% |
Source: HOWARD HANNA SQUIRREL HILL OFFICE #1479970 Report a problem | ||
| 1/12/2018 | Sold | $340,000-9.3% |
Source: WPMLS #1309891 Report a problem | ||
| 12/6/2017 | Pending sale | $375,000 |
Source: ACERO REALTY #1309891 Report a problem | ||
| 10/29/2017 | Listed for sale | $375,000+102.7% |
Source: ACERO REALTY #1309891 Report a problem | ||
| 1/17/2017 | Listing removed | $600 |
Source: Your Local Leasing Company Report a problem | ||
| 1/15/2017 | Listed for rent | $600 |
Source: Your Local Leasing Company Report a problem | ||
| 8/1/2014 | Sold | $185,000-7.5% |
Source: WPMLS #1002532 Report a problem | ||
| 5/20/2014 | Pending sale | $199,900 |
Source: BERKSHIRE HATHAWAY THE PREFERRED REALTY #1002532 Report a problem | ||
| 4/8/2014 | Listed for sale | $199,900 |
Source: Prudential Preferred Realty #1002532 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 15112
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Nearby schools
GreatSchools rating
- 3/10Turtle Creek Elementary STEAM AcademyGrades: PK-5Distance: 0.8 mi
- 4/10Dickson Prep STEAM AcademyGrades: 6-8Distance: 3.3 mi
- 2/10Woodland Hills Senior High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- District: Woodland Hills
Source: WPMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Allegheny County
- East Pittsburgh
- 15112
- 1580 Electric Ave
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