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.
