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304 S Birmingham Ave is a well-maintained multifamily property consisting of 19 units (12 one bedroom units, 3 two bedroom units, 4 studio units). The property features frame construction with a brick exterior. Unit interiors are mixed however most units have been recently renovated and feature vinyl plank flooring, neutral color scheme, updated bathrooms and kitchens, and well-maintained plumbing and electrical fixtures. Community amenities include on-site laundry and keypad access to building wings based on tenancy. This offering represents a compelling acquisition opportunity for investors seeking stable, income-producing real estate with significant value-add upside in one of the region's strongest performing submarkets. Located in the heart of Avalon, 304 S Birmingham comprises 19 residential units. The property is currently generating an Effective Gross Income of $203,362, and a Net Operating Income of $120,954, reflecting a 7.3% capitalization rate on the asking price. Potential building income is as high as $305,302 with ACHA housing tenants, which would represent a 13.7% cap rate at purchase price. The asset benefits from a diversified tenant base, strong in-place occupancy, and a proven operating history that underscores the stability of the cash flows.
| DAYS ON MARKET | 20 | LAST UPDATED | 5/29/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Avalon |
| COUNTY | Allegheny-North | STATUS | Conditional |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Avalon |
|---|---|
| CONSTRUCTION | Brick, Frame |
| LOT | 8973 sq ft |
| LOT DIMENSIONS | .206 |
| TAXES | 25665 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
| ZONING | RM |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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