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$699,000 Just Listed
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Property Description
Perfectly positioned in the heart of Pittsburgh's coveted Shadyside neighborhood, this exceptional legal 3-unit building presents a rare opportunity to acquire a fully occupied and consistently performing investment asset in one of the city's most desirable and enduring rental markets. Rich in architectural character and thoughtfully maintained throughout ownership, the property offers the ideal balance of historic charm, tenant appeal, and long-term investment stability. A gracious common entry welcomes residents with beautiful original woodworking and leaded glass windows, offering an immediate sense of warmth and craftsmanship that continues throughout the residences. Each unit is filled with natural light and distinguished by timeless architectural details including decorative fireplace mantels and surrounds, custom built-ins, spacious room sizes, and outdoor living space-features that continue to set this property apart in today's competitive rental market. The first-floor residence offers a spacious 1-bedroom, 1-bath layout with generous living and kitchen spaces. The second-floor residence features 2 bedrooms, 1 bath, a large living room, and spacious kitchen. The third-floor residence, accessed via a private walk-up from the second floor, offers an inviting 2-bedroom, 1-bath layout with an open living/dining area and kitchen space filled with character and light. Additional amenities include shared in-building laundry, basement storage, and easy permit street parking. Significant capital improvements-including a newer roof, newer front porch, and updated, well-maintained units-further enhance the property's long-term value and ease of ownership. Ideally located moments from Pittsburgh's leading universities, world-renowned hospitals, thriving tech and medical corridors, and the celebrated shopping and dining destinations of Shadyside, this is a compelling opportunity to add a proven, income-producing architectural gem to your investment portfolio.
Full Property Details
Full Property Details for 551 S Graham St
General
- Price: $699,000
- Taxes: $4,611
- Status: Active
- Type: Triplex
- Source: West_Penn_MLS
- MLS ID: 1754487
- Updated: 5/19/2026
- Added to Site: 3 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Allegheny-East
- Driving Directions: Centre Ave or Baum to S. Graham.
School Information
- Elem School District: Pittsburgh
- Midd School District: Pittsburgh
- High School District: Pittsburgh
Community
- Units Assoc/Comm: 3
Utilities
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Construction: Brick
- Basement: Yes
- Basement Desc.: Common Basement
- Roof: Asphalt
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0684
- Lot Dimensions: .0684
- Zoning: Multi
Financial Considerations
- Assessment Amount: $175,000
- Tax Amount: $4,611
Listing courtesy of Re/Max Realty Brokers
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Schools
Schools serving 551 S Graham St
School District:Pittsburgh School District
| Name | Grades | Distance |
|---|---|---|
Pittsburgh Colfax K-8 2332 Beechwood Boulevard, Pittsburgh, PA 15217 | K-8 | 1.9 mi |
Pittsburgh Allderdice High School 2409 Shady Avenue, Pittsburgh, PA 15217 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 551 S Graham St
Date
Details
Price
Change
Source
5/19/2026
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 551 S Graham St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,125
-74%
$175,000
—
2025
$4,330
7%
$175,000
—
2024
$4,032
—
$175,000
—
2023
$4,032
1%
$175,000
—
2022
$3,980
-1%
$175,000
—
2021
$4,023
2%
$175,000
—
2020
$3,960
—
$175,000
—
2018
$3,960
—
$175,000
—
2017
$3,960
-1%
$175,000
—
2016
$4,004
—
$175,000
—
2015
$4,004
-34%
$175,000
-37%
2014
$6,106
—
$278,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 551 S Graham St
551 S Graham Street, Pittsburgh, PA 15232 (MLS# 1754487) is a Triplex property with 0 bedrooms and 0 full bathrooms. 551 S Graham Street is currently listed for $699,000 and was received on May 19, 2026. Want to learn more about 551 S Graham Street? Do you have questions about finding other Triplex real estate for sale in Shadyside? You can browse all Shadyside real estate or contact a Coldwell Banker agent to request more information.

