518 Avery St, East Allegheny, PA 15212

Description

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!