Fully updated brick 4-unit building in Polish Hill, now newly rezoned as a legal quadplex with two new off-street parking pads added, creating 4 total spaces (one per unit). This prime turn-key investment opportunity offers flexible long-term rental and short-term rental potential. Unit mix includes one 3-bedroom / 1-bathroom unit, two 1-bedroom / 1-bathroom units, and one Studio apartment. Some units currently operate as successful Airbnbs. Features refreshed kitchens and bathrooms, updated mechanicals. Solid construction, tall ceilings, separate entries with coded locks, laundry in largest unit, basement storage, and shed. Located minutes from Downtown, Lawrenceville, Oakland, and the Strip District. Ideal for investors, 1031 buyers, or house hackers seeking strong returns. Estimated 8.5% cap rate using conservative HUD Fair Market Rent figures. For a complete virtual walkthrough tour, search "329 Downing St" on YouTube.
For sale
Price cut: $51K (5/1)
$499,000
329 Downing St, Pittsburgh, PA 15219
6beds
4baths
--sqft
Est.:
Quadruplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 25 days
- on Zillow |
- 892 |
- 68 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 08:14pm
Listed by:
Tarasa Hurley 412-415-1115,
RIVER POINT REALTY, LLC 412-415-1115
Source: WPMLS,MLS#: 1695343
Originating MLS: West Penn Multi-List

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Basement: Unfinished
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Lot
- Size: 4,900.5 Square Feet
- Dimensions: 51 x 99 x 47 x 99
Details
- Parcel number: 0025H00140000000
- Zoning: Multi
- Zoning description: Multi
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Public Transportation
Location
- Region: Pittsburgh
Financial & listing details
- Tax assessed value: $56,100
- Annual tax amount: $1,293
- Date on market: 4/10/2025
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