
2204 Constitution Blvd
All Units Have Central Air. Well-Maintained.
Marketing description
2204 Constitution Boulevard presents investors with the opportunity to acquire a well-maintained eight-unit apartment building in New Kensington, an established Pittsburgh suburb just 18 miles from Downtown. The property consists of seven two-bedroom units and one one-bedroom unit, each equipped with central air conditioning and an in-unit dishwasher. Tenants pay their own gas and electric, while the owner covers water, sewer, and trash.
Nestled along the Allegheny River, New Kensington offers the best of both worlds: a quick sub-30-minute drive down PA-28 puts residents in the heart of Downtown Pittsburgh, while "New Ken" itself delivers a tight-knit riverfront community with tree-lined streets, attainable home values, and genuine small-town character. With ongoing downtown revitalization and easy access to parks, the river, and neighboring suburbs, it's an ideal place to call home without sacrificing proximity to everything the city has to offer - a combination that continues to drive steady rental demand.
Investment highlights
- Well-maintained eight-unit apartment building
- Fully occupied (0% vacancy)
- Below market rents with upside potential
- Pro-forma cap rate of 8.65% at market rents
- Established Pittsburgh suburb location
- Quick 30-minute drive to Downtown Pittsburgh
- Strong rental demand driven by proximity to city amenities
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