Active

$450,000

333-335 State WAY, Bloomfield, PA 15224

• 1890 built

Type

Triplex

County

Allegheny-East

Lot

0.06 acres

MLS #

1777539

About this home

Three doors. One Bloomfield address. Serious long-term upside. INVESTOR OPPORTUNITY IN THE HEART OF BLOOMFIELD! 333, 333 1/2 & 335 State Way offer a rare opportunity to own three solid-brick townhomes in one of Pittsburgh’s most consistently desirable rental locations. Bloomfield combines true neighborhood walkability with quick access to Liberty Avenue shops, restaurants, coffee spots, public transit, and the surrounding East End. West Penn Hospital and UPMC Children’s Hospital are nearby, with the University of Pittsburgh, Carnegie Mellon University, UPMC Shadyside, Oakland, Lawrenceville and Shadyside all just minutes away, creating a deep and diverse rental pool of medical professionals, university employees, graduate students and young professionals. Each townhome offers its own residence plus a nicely sized rear yard, an increasingly valuable feature in this part of the city. The real opportunity is in the upside: renovate and reposition the units, improve the finishes, and create the potential for significantly stronger rents while holding a substantial long-term asset in an established neighborhood where more residents rent than own. Bloomfield’s location is the story. Residents can walk to neighborhood businesses along Liberty Avenue and easily reach Lawrenceville, Shadyside, Oakland and other major East End employment and entertainment centers. Its proximity to Pittsburgh’s hospital and university corridor helps support year-round rental demand. Significant value-add potential. For the investor looking for a property they can improve, increase rents on and hold for the long term, 333, 333 1/2 & 335 State Way deserve immediate attention.

Courtesy of HOWARD HANNA REAL ESTATE SERVICES