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$426,000
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Property Description
Fully updated brick 4-unit building in Polish Hill, now newly rezoned as a legal quadplex with two new off-street parking pads added, creating 4 total spaces (one per unit). This prime turn-key investment opportunity offers flexible long-term rental and short-term rental potential. Unit mix includes one 3-bedroom / 1-bathroom unit, two 1-bedroom / 1-bathroom units, and one Studio apartment. Some units currently operate as successful Airbnbs. Features refreshed kitchens and bathrooms, updated mechanicals. Solid construction, tall ceilings, separate entries with coded locks, laundry in largest unit, basement storage, and shed. Located minutes from Downtown, Lawrenceville, Oakland, and the Strip District. Ideal for investors, 1031 buyers, or house hackers seeking strong returns. Estimated 8.5% cap rate using conservative HUD Fair Market Rent figures. For a complete virtual walkthrough tour, search "329 Downing St" on YouTube.
Full Property Details
Full Property Details for 329 Downing St
General
- Sold For: $426,000
- Taxes: $1,293
- Status: Closed
- Type: Multi-Family
- Source: West_Penn_MLS
- MLS ID: 1695343
- Added to Site: 281 day(s) ago
Parking
- Total Spaces: 4
- Parking Features: Off Street
Location
- County: Allegheny-East
School Information
- Elem School District: Pittsburgh
- Midd School District: Pittsburgh
- High School District: Pittsburgh
Community
- Units Assoc/Comm: 4
Utilities
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Fourplex
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1125
- Lot Dimensions: 51 x 99 x 47 x 99
- Zoning: Multi
Financial Considerations
- Assessment Amount: $56,100
- Tax Amount: $1,293
Listing courtesy of River Point Realty, Llc
Sold courtesy of Realty One Group Platinum
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Schools
Schools serving 329 Downing St
School District:Pittsburgh School District
| Name | Grades | Distance |
|---|---|---|
Pittsburgh Woolslair K-5 501 40th Street, Pittsburgh, PA 15224 | PK-5 | 0.6 mi |
Pittsburgh Arsenal 6-8 220 40th Street, Pittsburgh, PA 15201 | 6-8 | 0.7 mi |
Pittsburgh Milliones 6-12 3117 Centre Avenue, Pittsburgh, PA 15219 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 329 Downing St
Date
Details
Price
Change
Source
8/25/2025
Sold
$426,000
-14.63%
MLS
5/01/2025
Price Reduced
$499,000
-9.27%
MLS
4/10/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
329 Downing St, Pittsburgh, PA 15219 (MLS# 1695343) is a Multi-Family property that was sold at $426,000 on August 25, 2025. Want to learn more about 329 Downing St? Do you have questions about finding other Multi-Family real estate for sale in Polish Hill? You can browse all Polish Hill real estate or contact a Coldwell Banker agent to request more information.

