Allegheny County, East Pittsburgh, PA 15112

BRICK FOURPLEX PLUS 3 ADJOINING VACANT LOTS. FOUR PARCELS, ONE PRICE. ARV: $220,000 to $240,000 | Est. Rehab: ~$70,000 WHY THIS ONE The quadruplex directly next door at 1586 Electric Ave sold for $214,000 in January 2025. You are buying the same block, same product type, plus three additional vacant lots, for $115,000. This is a 4-unit brick building on a hillside lot, 5 levels, built 1900. Unit mix is 3/1, 2/1, 2/1, and a studio. All four units are vacant and contractually warranted vacant at closing, so you control the rent roll from day one and there are no tenants to inherit or relocate. REHAB IS ALREADY PARTIALLY DONE Unit 1 (3/1, top floor, its own entrance on North Ave): fully renovated and rent-ready. New furnace, new water heater. Unit 2 (2/1): bath and plumbing complete. Needs a starter kitchen only. New furnace, new water heater. Unit 3 (2/1): kitchen and bath installed. Walls in repair, rewiring and plumbing in progress. Unit 4 (studio): full gut, prior water damage. Two units are at or near income-producing. The remaining work is concentrated in Units 3 and 4. THE 3 BONUS LOTS All three are at Electric Ave, same block as the building and the same block as the best comp. Combined roughly 4,999 sqft of adjoining vacant land, all classified vacant land with negligible assessed value and near-zero carry. Use them for parking, side-lot expansion, a future build, or land bank them. They convey with the building at no added cost. PRO FORMA NUMBERS Projected gross rent $4,800/mo, $57,600/yr Unit 1 $1,600 Unit 2 $1,200 Unit 3 $1,200 Unit 4 $800 These are projected figures based on the seller's Section 8 estimates. There are no leases and no tenants in place. Run your own rent comps. AREA COMPS 1586 Electric Ave, quadruplex, next door, sold $214,000 (1/17/2025) 613-615 Grandview Ave, 8/4 quad, remodeled, sold $227,000 (4/30/2025) 511 Main St, 6/3 triplex, remodeled, sold $212,000 (3/13/2026) 106 Lynnwood Ave, 5/4 quad, turnkey, sold $200,000 (7/02/2025)