Unique value add investment opportunity for the savvy investor! New roof in 2023! This property has four residential units and 16 garages! 100% occupied! There are two 1br units and two 2br units. Gas and electric is separate and tenants can pay directly. Water and sewer are landlord responsibility and these expenses are recouped by a utility reimbursement fee imposed on the tenants. The two 1 bedroom units are in great shape and well kept. The two 2 bedroom units could use updating at turnover. All garages are rented and present an opportunity for upgrades and increased rent. Long term tenants in place. Access to the gravel parking lot where all the garages are located is from High st. Can you see the potential?
Sold for $385,000
$385,000
38-40 Walnut St, Pittsburgh, PA 15223
6beds
4baths
--sqft
Quadruplex, Multi Family, Multi Family
Built in 1900
-- sqft lot
$401,200 Zestimate®
$--/sqft
$1,245 Estimated rent
Home value
$401,200
$365,000 - $437,000
$1,245/mo
Zestimate® history
Owner options
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$2,538/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nicholas Griffith 844-727-2677,
ARBORS REAL ESTATE, LLC
Bought with:
Andrew Dellavecchia, RS324050
RE/MAX SELECT REALTY
Source: WPMLS,MLS#: 1674380
Originating MLS: West Penn Multi-List
Originating MLS: West Penn Multi-ListFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Has basement: Yes
Property
Parking
- Parking features: Common, Detached, Garage, On Street
- Has garage: Yes
- Has uncovered spaces: Yes
Lot
- Size: 0.42 Acres
- Dimensions: 0.4191
Details
- Parcel number: 0167E00345000000
- Zoning: RES
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Community
- Community features: Public Transportation
Location
- Region: Pittsburgh
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2024 | Sold | $385,000-3.7% |
Source:  WPMLS #1674380 Report a problem | ||
| 11/11/2024 | Pending sale | $399,900 |
Source: WPMLS #1674380 Report a problem | ||
| 10/16/2024 | Contingent | $399,900 |
Source: WPMLS #1674380 Report a problem | ||
| 10/2/2024 | Price change | $399,900-36% |
Source: WPMLS #1674380 Report a problem | ||
| 7/26/2024 | Price change | $625,000-3.8% |
Source: WPMLS #1641286 Report a problem | ||
| 4/10/2024 | Price change | $650,000-13.3% |
Source: WPMLS #1641286 Report a problem | ||
| 2/15/2024 | Listed for sale | $749,900+399.9% |
Source: WPMLS #1641286 Report a problem | ||
| 5/9/2008 | Listing removed | $150,000 |
Source: Point2 Report a problem | ||
| 4/4/2008 | Listed for sale | $150,000 |
Source: Point2 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,714 +9.6% | $135,600 |
| 2024 | $5,212 +712.6% | $135,600 |
| 2023 | $641 | $135,600 |
| 2022 | $641 +80.8% | $135,600 +80.8% |
| 2021 | $355 +2% | $75,000 |
| 2020 | $348 -2% | $75,000 |
| 2019 | $355 -87% | $75,000 |
| 2018 | $2,720 +2% | $75,000 |
| 2017 | $2,666 +651.4% | $75,000 |
| 2016 | $355 -86.2% | $75,000 |
| 2015 | $2,574 | $75,000 |
| 2014 | -- | $75,000 -36.6% |
| 2013 | -- | $118,300 +79.2% |
| 2012 | -- | $66,000 |
| 2011 | -- | $66,000 |
| 2009 | -- | $66,000 |
| 2008 | -- | $66,000 |
| 2007 | -- | $66,000 |
| 2006 | -- | $66,000 |
| 2005 | -- | $66,000 |
| 2003 | -- | $66,000 |
| 2002 | -- | $66,000 |
Find assessor info on the county website
Neighborhood: 15223
Nearby schools
GreatSchools rating
- 10/10Marzolf Primary SchoolGrades: K-3Distance: 1.6 mi
- 7/10Shaler Area Middle SchoolGrades: 7-8Distance: 2.3 mi
- 7/10Shaler Area High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: Shaler Area
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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$409,224
- Pennsylvania
- Allegheny County
- Etna
- 15223
- 38-40 Walnut St
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