Pittsburgh, PA 15219 329 Downing St
$499,000
45 more
Presented By: RIVER POINT REALTY, LLC
Beds • 6
Baths • 4
Home Details
Fully updated brick 4-unit building in Polish Hill, now newly rezoned as a legal quadplex with two new off-street parking pads added, creating 4 total spaces (one per unit). This prime turn-key investment opportunity offers flexible long-term rental and short-term rental potential. Unit mix includes one 3-bedroom / 1-bathroom unit, two 1-bedroom / 1-bathroom units, and one Studio apartment. Some units currently operate as successful Airbnbs. Features refreshed kitchens and bathrooms, updated mechanicals. Solid construction, tall ceilings, separate entries with coded locks, laundry in largest unit, basement storage, and shed. Located minutes from Downtown, Lawrenceville, Oakland, and the Strip District. Ideal for investors, 1031 buyers, or house hackers seeking strong returns. Estimated 8.5% cap rate using conservative HUD Fair Market Rent figures. For a complete virtual walkthrough tour, search "329 Downing St" on YouTube.
Presented By: RIVER POINT REALTY, LLC
Interior Features for 329 Downing St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementUnfinished
Basement (Y/N)Yes
Fireplace Y/NNo
Heating Y/NNo
General for 329 Downing St
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityPolish Hill
Community FeaturesPublicTransportation
Construction MaterialsAluminumSiding
CountyAllegheny-East
Elementary School DistrictPittsburgh
Garage Y/NNo
Gross Income61200.0
HOANo
High School DistrictPittsburgh
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size UnitsAcres
MLS AreaPolish Hill
MLS Area MinorPolish Hill
Maintenance Expense1500.0
Middle/Junior School DistrictPittsburgh
MobileHomeRemainsYNNo
ModificationTimestamp2025-07-13T20:34:32.467-00:00
Net Operating Income46581.0
New ConstructionNo
Number Of Units Total4
PostalCityPittsburgh
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
Standard StatusActiveUnderContract
StatusContingent
Tax Annual Amount1293.0
Tax Assessed Value56100
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Virtual TourClick here
Year Built1900
ZoningMulti
Zoning DescriptionMulti
Exterior for 329 Downing St
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions51x99x47x99
Lot Size Acres0.1125
Lot Size Area0.1125
Parking FeaturesOffStreet
SpaNo
Total Parking4.0
Waterfront Y/NNo
Additional Details
Price History
Teena Marie Custer
Realtor