328 Roup Avenue, Shadyside, PA 15232

Property Description

Exceptional investment opportunity in Pittsburgh's highly sought-after Shadyside/Friendship neighborhood. This substantial all-brick TRI-PLEX APARTMENT BUILDING offers over 5,500 square feet of well-maintained living space and combines strong in-place income w/ significant long-term upside. Fully occupied building, tenants currently on month-to-month leases, the property provides exceptional flexibility for future rental rate repositioning. Each residence occupies an entire floor of the building and features an expansive two-bedroom, one-bath layout with generous room sizes, soaring ceilings, original hardwood flooring, beautiful stained-glass details, spacious living and dining areas, and large kitchens. The floor plans offer the potential for conversion to three-bedroom units, creating additional value and increased rental income. Additional highlights include a classic full-width covered front porch, a private rear porch for the first-floor apartment, a level rear yard, three off-street parking spaces, and a detached brick 1 car garage for bonus added income opportunity. The building has been well maintained by local owner-managers & features numerous mechanical updates, including a newer top-of-the line Furnace, plus a brand-new roof installed in 2022, reflecting years of attentive ownership and pride of ownership. The location is a significant competitive advantage for both current and future tenants. Conveniently situated just minutes from UPMC Shadyside, UPMC Children's Hospital of Pittsburgh, West Penn Hospital, Carnegie Mellon University, the University of Pittsburgh, Chatham University, and Carlow University, the property benefits from consistent demand generated by Pittsburgh's world-renowned medical and educational institutions. Multifamily investment opportunities of this size, quality, and location are increasingly difficult to find in Pittsburgh.