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32466169
32466170

5706 Darlington Road, Pittsburgh, PA 15217

BJ
PA RS280126
Compass - Pittsburgh
Listed by Compass - Pittsburgh
$950,000
24 days on market
Updated 24 days ago

5706 Darlington Road

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 2,865
Cap Rate 6.98%
NOI $66,349
Occupancy 100%
Tenancy Multi
Lease Term 1
Lease Expiration 07/31/2026
Remaining Term 1
Pro-Forma Cap Rate 6.98%
Pro-Forma NOI $66,349
Price per SqFt $332
Lot Size (SqFt) 5,049
Investment Type Value Add
Tenant Credit Credit Rated
Lease Commencement 08/01/2025
Ground Lease No

100% Leased Near Carnegie Mellon University, The University of Pittsburgh, and the UPMC Cooridor

Marketing description

Rarely does a fully occupied, cash-flowing triplex come to market in one of Pittsburgh's most consistently in-demand rental neighborhoods. Located on Darlington Road in the heart of Squirrel Hill, this three-unit investment property generates $6,875/month ($82,500 annually) in gross rental income across three one-bedroom units — all currently leased.

The location tells the investment story. Squirrel Hill is Pittsburgh's most stable long-term rental market, anchored by a deep and ever-renewing tenant pool drawn from Carnegie Mellon University (~1.3 miles), the University of Pittsburgh (~1.7 miles), and the UPMC medical corridor. The property sits steps from the East End’s major bus stops, served by multiple Pittsburgh Regional Transit routes, providing direct, frequent service to Downtown Pittsburgh and Oakland’s Universities — a major draw for car-free tenants. The walkable Murray Avenue business district, Giant Eagle (grocery store), multiple dining options, and Frick and Schenley Parks are all nearby. This combination leads to a location where tenant demand persistently outpaces supply. Squirrel Hill's proximity to two major universities and Pittsburgh's largest hospital system creates a virtually recession-proof rental environment — vacancies here are the exception, not the rule.

All three apartments are 3 bedroom, 1 bathroom units and feature hardwood floors, fully equipped kitchens, soaring ceilings, excellent natural light, and ample closet space. There’s a common backyard area and front porch. The first floor unit has a small rear deck. Electric is metered separately. Gas, water, and sewer are paid for by the owner.

Investment highlights

Outstanding location blocks from excellent public transportation and grocery store.

Less than 2 miles from the universities.

Fully leased.

Listing Contacts

BJ
PA RS280126
Compass - Pittsburgh
Listed by Compass - Pittsburgh

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,349.00
$5,529.08/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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Additional Information

Name
Bill Jacoby
License
RS280126
Brokerage
Compass
Brokerage Phone
412-307-7394
Brokerage Address
6425 Living Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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