5644 Beacon St, Squirrel Hill, PA 15217

Property Description

Prime investment opportunity in the heart of Squirrel Hill, just steps from a vibrant business district filled with cafés, restaurants, shops, bakeries, and everyday conveniences. Enjoy strong tenant demand driven by proximity to Schenley Park and quick access to major employment and education hubs including University of Pittsburgh, Carnegie Mellon University, and UPMC, as well as Bakery Square, Shadyside, and Lawrenceville. This solid brick property is a legally permitted 4-unit building, offering immediate cash flow and significant upside potential. The layout includes two studio units, each with a private kitchen area and updated full bath, plus upper-level units that provide flexible configurations for increased rental income. The second floor features three bedrooms (one with an en-suite bath) , an updated hall bath and a kitchen—ideal for conversion into a high-demand multi-bedroom rental. The third floor offers an additional bedroom, updated full bath, and flexible space for a kitchen/living area, presenting further value-add opportunities. Currently generating $4,000/month in rental income, this property offers the chance to increase returns through strategic updates and optimized unit configurations. A detached garage adds additional rental or storage value. With its unbeatable location, strong rental fundamentals, and clear value-add potential, this is a rare opportunity to secure a high-performing asset in one of Pittsburgh’s most desirable neighborhoods.