601 N St Clair Street, Pittsburgh, PA 15206

601 N St Clair Street is a fully stabilized, income-producing triplex situated in East Liberty — one of Pittsburgh's most vibrant and rapidly appreciating urban neighborhoods. The property presents investors with an exceptional opportunity to acquire a turn-key, three-unit residential asset delivering immediate and reliable cash flow, underpinned by long-term leases and a meticulously maintained physical plant.

All three units are currently leased through May 2027, eliminating near-term lease-up risk and providing the incoming owner with a fully occupied, professionally operated asset from day one. The building's historically low expense ratio — driven by separate utility metering and recently replaced major mechanicals — contributes to a strong net operating income and an attractive going-in cap rate.

The property has been well maintained and meaningfully upgraded by its current ownership. The most significant capital expenditures — those that represent the largest risk items in any multifamily acquisition — have already been addressed, providing the incoming investor with a period of reduced near-term capital requirements.

Each of the three units shares an identical floor plan and finish level, simplifying operations and ensuring rental rate comparability across the rent roll. The units reflect the quality and character typical of Pittsburgh's finest historic residential stock.

East Liberty has been at the center of Pittsburgh's most significant urban revitalization story of the past fifteen years. The neighborhood has attracted substantial institutional and corporate investment — most notably Google's Pittsburgh engineering headquarters — alongside national retailers including Whole Foods and Target, and a thriving independent restaurant and retail scene. The result is a neighborhood that commands among the strongest residential rents in the city while remaining accessible relative to comparable urban markets nationally.

The property's immediate surroundings benefit from proximity to Shadyside and Highland Park to the east, Friendship to the west, and Larimer to the north — a geography that provides tenants with walkable access to dining, transit, parks, and employment while maintaining the residential character that supports long tenancies.

Pittsburgh as a metropolitan market continues to attract talent and capital drawn by a diversified economic base anchored in healthcare, higher education, robotics, and technology. For out-of-market investors, the Pittsburgh MSA offers a compelling risk-adjusted profile: stable occupancy fundamentals, positive long-term rent trends, and an acquisition cost basis materially below comparable assets in coastal and gateway markets.