Description

We are pleased to present this opportunity. 9 Unit Portfolio is a multifamily offering at 517 South 5th Street in Duquesne, PA. The 9 units span three properties in close proximity, giving an investor a portfolio with multiple rental addresses and a single acquisition decision.

The Property totals 9,015 SF. Its units are occupied by a mix of Allegheny County Section 8 tenants, the Chartiers Center and market-rent tenants, bringing different tenancy arrangements into the same portfolio. The close grouping of the properties gives a buyer a practical way to approach oversight across the holdings. Strong rental history provides a basis for examining the existing income, while already-approved Section 8 rent increases create a defined change to scheduled rents when implemented. The unit mix also presents a separate question for an investor: whether reconfiguring certain units to larger bedroom counts fits the acquisition plan.

At an asking price of $560,000, the portfolio carries in-place NOI of $67,064 and an in-place cap rate of 12.0%. Those figures put current income at the center of the investment case rather than relying solely on changes to the units. The approved rent increases give a buyer a distinct path to higher scheduled income; bedroom-count conversions represent a separate undertaking. Together, the existing tenancy and those two avenues for change make this an offering for an investor prepared to review both present operations and the work behind a revised rental profile.