Prime investment opportunity in Pittsburgh's vibrant Lawrenceville neighborhood! This recently renovated 5-unit apartment complex features 3 active, fully furnished Airbnb units and 2 units are long-term rentals. Each unit boasts modern finishes, updated kitchens with stainless steel appliances, stylish bathrooms, and tasteful furnishings, ensuring a comfortable stay for short-term guests and a cozy home for long-term residents. Located right on Butler Street, tenants and guests alike will enjoy easy access to trendy shops, acclaimed restaurants, and lively entertainment options. This turn-key property offers immediate income potential and a prime location in one of Pittsburgh's most sought-after neighborhoods.
Multi-familyProperty Type
1900Year Built
2,199 sq ftLot Size
Listed by • LIFESPACE REAL ESTATE
Bought with Vic Franceschini• KELLER WILLIAMS REALTY
Introducing 5128 Butler Street, an exceptional property a part of a meticulously curated rental portfolio encompassing 17 properties with a total of 26 units. This diverse portfolio offers a strategic blend of short-term and long-term rental properties, catering to various investing strategies and maximizing income potential. Comprising 12 single-family homes, 3 duplexes, 1 triplex, and 1 five-unit building, this portfolio showcases a range of property types to suit different tenant preferences. Each property is thoughtfully located in desirable neighborhoods across Pittsburgh, ensuring strong demand and consistent occupancy rates. Whether you're an experienced investor looking to expand your portfolio or a newcomer seeking a lucrative entry into the real estate market, this portfolio presents an unparalleled opportunity for growth and passive income. Don't miss out on the chance to acquire this turnkey rental portfolio in one of America's most dynamic cities.
West Penn MLS #1554576
Jun 8, 2022
Pending
—
May 26, 2022
Relisted
—
May 19, 2022
Contingent
—
May 13, 2022
Listed
$514,900
+17
Looking to own an income-producing 5-unit apartment building in one of Pittsburgh's hottest neighborhoods, Lawrenceville? Then look no further! This value-add 4-story building is located just steps from all the action and excitement of Butler Street. Close to dining, nightlight and local watering holes, shopping, laundromats, public transit, and tons of recreation spots, 5128 Butler boasts tons of potential and opportunities for owner-operators and/or investors of all kinds. The building itself is home to four 1 bedroom/1 bath units and one, two-level 4 bedroom/1 bath unit.
Public Records
Jul 2, 2001
Sold
$78,000
Public Records
Feb 4, 1982
Sold
$11,000
Public Records
Oct 1, 1980
Sold
$9,000
Year
Property tax
Land + Additions
Assessment*
2026
$10,890 (+54.5%)
$82,700 + $330,600
$413,300
2025
$7,051 (+164.0%)
$28,800 + $256,200
$285,000
2024
$2,670
$28,800 + $87,100
$115,900
2023
$2,670 (+1.3%)
$28,800 + $87,100
$115,900
2022
$2,636
$28,800 + $87,100
$115,900
2021
$2,636 (+0.5%)
$28,800 + $87,100
$115,900
2020
$2,623
$28,800 + $87,100
$115,900
2019
$2,623
$28,800 + $87,100
$115,900
2018
$2,623
$28,800 + $87,100
$115,900
2017
$2,622 (−1.1%)
$28,800 + $87,100
$115,900
2015
$2,651
$28,800 + $87,100
$115,900
Tax history for 5128 Butler St
Year
Property tax
Land + Additions
Assessment*
2026
$10,890 (+54.5%)
$82,700 + $330,600
$413,300
2025
$7,051 (+164.0%)
$28,800 + $256,200
$285,000
2024
$2,670
$28,800 + $87,100
$115,900
2023
$2,670 (+1.3%)
$28,800 + $87,100
$115,900
2022
$2,636
$28,800 + $87,100
$115,900
2021
$2,636 (+0.5%)
$28,800 + $87,100
$115,900
2020
$2,623
$28,800 + $87,100
$115,900
2019
$2,623
$28,800 + $87,100
$115,900
2018
$2,623
$28,800 + $87,100
$115,900
2017
$2,622 (−1.1%)
$28,800 + $87,100
$115,900
2015
$2,651
$28,800 + $87,100
$115,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2,200 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Allegheny County
APN
0080G00169000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2026.
LNC
Local Neighborhood Commercial District
The LNC, Local Neighborhood Commercial District is intended to: Maintain the small scale and rich diversity of neighborhood-serving commercial districts; Promote and enhance the quality of life in adjacent residential areas and Reduce the adverse impacts that are sometimes associated with commercial uses in order to promote compatibility with residential development.
Permitted uses
Include but are not limited to:
Community / recreation center
Bank
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Office
Medical office
Property details
Interior
Room Information
Has Basement
Basement Information: Unfinished
Multi Unit Information
# Of Units Total: 5
# Of Units In Community: 5
Multi Unit Financial Information
Gross Income: $132,086
Maintenance Expense: $4,553
Utilities Expense: $7,145
Insurance Expense: $1,994
Other Expense: $41,673
Unit Type 1
# of Bedrooms: 3
# of Bathrooms Total: 2
# of Full Bathrooms: 2
Actual Rent: $2,000
Unit Type 2
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Actual Rent: $900
Unit Type 3
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Actual Rent: $1,400
Unit Type 4
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Actual Rent: $850
Unit Type 5
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Actual Rent: $1,400
Exterior
Building Information
Construction Details: Brick
Lot Information
Lot Size Area: 0.0505
Lot Size Acres: 0.0505
Lot Size Dimensions: 0.0505
Zoning: COM
Zoning Description: COM
Financial
Assessments and Fees
Assessed Value: $115,900
Tax Information
Annual Tax Amount: $2,670
Utilities
Utility Information
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2,200 square feet
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Allegheny County
APN: 0080G00169000000
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Pittsburgh Arsenal K-5
Public PreK-5 • Assigned • 0.9mi
5/10
Pittsburgh Sunnyside K-8
Public PreK-8 • Assigned • 1.1mi
4/10
Pittsburgh Milliones 6-12
Public 6-12 • Assigned • 2.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Pittsburgh, PA • 15201
Average low and high temperatures (°F)
32
18
41
24
60
37
68
47
70
51
82
62
85
67
82
61
79
55
67
44
54
36
43
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8 hours in
June and 2.2 hours in December, placing it below the
U.S. average for solar exposure.