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0 Baths

$824,500

518 Avery St, East Allegheny PA, 15212

Built in1900
Property typeMulti-family
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nelson Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.   Courtesy of  THE GREENE REALTY GROUP

Overview

Active

Listed Jun 10, 2026

Updated Jul 29

INVESTOR ALERT | HOUSE HACK OPPORTUNITY | SELLER FINANCING AVAILABLE. Rare opportunity to acquire a fully restored historic triplex in the heart of Pittsburgh's highly desirable Deutschtown neighborhood- just minutes from Downtown and walking distance to PNC Park, Acrisure Stadium, restaurants, breweries, entertainment, and Allegheny General Hospital. Flexible seller financing available through a lease-option structure with a $180,000 option fee/down payment, creating a unique path to ownership for qualified buyers. You can assume ~$420k of the sale price via the existing FHA mortgage at 2.75%, a historically low rate, and bridge the rest. Whether you're looking to build a high-performing short-term rental portfolio, create a premium Airbnb experience, or live in one unit while the others help pay your mortgage, 518 Avery Street offers a combination of location, character, and income potential that is increasingly difficult to find. Built in 1884 and meticulously restored by a Maine boatbuilder, this remarkable property blends historic craftsmanship with thoughtful modernization. From the moment you enter, you'll appreciate the original architectural details that have been carefully preserved for future generations. Property highlights include: • Historic 3,167 sqft triplex in Pittsburgh's sought-after Deutschtown Historic District • Walking distance to PNC Park, Acrisure Stadium, Downtown Pittsburgh, restaurants, cafes, and nightlife • Exceptional Airbnb, furnished rental, or house-hack potential • Grand Second Empire pink marble entryway • Original ornamental plasterwork • Soaring 12-foot ceilings on the first and second floors • Pittsburgh skyline views from the rooftop • Watch PNC Park fireworks from your own rooftop terrace • Tallest home on Avery Street with commanding neighborhood views. Major capital improvements include:• Restored chimneys with new cement caps and butyl rubber sealing • PVC composite fascia boards on mansard roof and dormers for long-term durability • Galvanized flashing installed and professionally sealed • Polyglass roof coating installed in 2020 • Rear privacy fence added in 2023. Situated on a quiet tree-lined block, the property offers the perfect balance of neighborhood charm and urban convenience. Residents and guests enjoy immediate access to East Ohio Street's thriving collection of bakeries, coffee shops, restaurants, and local businesses while remaining just minutes from Downtown Pittsburgh. Opportunities to own a restored historic income property in this location are rare. Whether your goal is cash flow, appreciation, short-term rental income, or owner-occupied wealth building, 518 Avery Street delivers a compelling combination of historic character, modern improvements, and prime Pittsburgh location. Schedule your private showing today!

$5,485/mo

Est. mortgage payment based on a $824,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$1,315
Tax Frequency
Annually

 

Courtesy of THE GREENE REALTY GROUP

listing contact: 888-278-5840

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Nelson Realty , nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:45 PM UTC, 7/29/2026

West Penn Multi-List, Inc.

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