Turnkey Pittsburgh STR/MTR Duplex | $83K Gross / $48K Net (10.7% Cap) | $449,989
5205 Stanton Ave, Pittsburgh, PA 15201 (Upper Lawrenceville) Asking Price: $449,989 (Reduced $49,000 from original $499,000 list price) Property Type: Legal 2-Unit Multifamily Duplex (3 Beds / 2 Baths | 1,629 Sq Ft)
Sharing a rare, 100% turnkey Short-Term / Mid-Term Rental duplex in one of Pittsburgh’s strongest rental corridors (Upper Lawrenceville).
Unlike most Pittsburgh rowhouse conversions that operate in a zoning gray area, this property carries a 2023 City of Pittsburgh Zoning Board of Adjustment (ZBA) Decision officially approving its legal 2-unit multi-family status—and comes backed by 2025 financials and Airbnb payout reports.
2025 Verified Financials (Actuals, Not Projections)
2025 Gross Revenue: $83,071 (18.5% Gross Yield)
Unit 2 (Upstairs 2BR / 1BA): $47,607 Airbnb gross | 208 nights booked | 2.5-night avg stay
Unit 1 (Downstairs 1BR / 1BA): $24,821 Airbnb gross | 176 nights booked | 5.0-night avg stay
Vrbo / Direct Bookings: $10,643 gross
2025 Operating Expenses: $34,985
Property Taxes: $2,181 | Insurance: $1,880 | Utilities (Gas/Electric/Water/Internet): $8,823 | Turnover Cleaning: $12,849 | Maintenance & Repairs: $4,757 | Guest Supplies: $1,790 | Licensing/Legal/Other: $2,705
2025 Net Operating Income (Self-Managed / Co-Hosted): $48,086 (10.69% Cap Rate)
Underwritten w/ 20% Full-Service STR Management: $33,994 NOI (7.55% Cap Rate)
Property & CapEx Highlights
100% Turnkey Delivery: Sold completely furnished and equipped down to the furniture, smart TVs, linens, kitchenware, and keypad locks—step into immediate cash flow on Day 1 with zero furnishing CapEx.
Dedicated Off-Street Parking: Rear concrete parking pad (huge competitive advantage in Lawrenceville) plus a full covered front porch and fenced courtyard.
In-Unit Laundry & Updated Kitchens in Both Units: Both residences feature granite countertops, stainless steel appliances (ranges, refrigerators, dishwashers, microwaves), and their own dedicated washers and dryers (2 washers + 2 dryers included).
Major Mechanicals Updated: Roof (~5 years old), hot water tank (~4 years old), and multi-zone ductless mini-split heating & cooling systems.
Location & Demand Drivers
1.5 Miles to UPMC Children’s Hospital of Pittsburgh & minutes to AHN West Penn Hospital (non-seasonal demand from visiting families, traveling nurses, and medical fellows).
Blocks to the Butler Street Corridor: Walkable to Lawrenceville’s premier restaurants, coffee shops, boutiques, and nightlife.
10–15 Minutes to Tech & University Hubs: Easy access to Google Bakery Square, Carnegie Mellon University, University of Pittsburgh, the Strip District, and Downtown Pittsburgh.
Three Ways to Operate This Deal
Strategy 1 — High-Yield STR/MTR Portfolio Addition: Continue operating both units on Airbnb, Vrbo, and Furnished Finder for $83K+/yr gross revenue.
Strategy 2 — Low-Out-of-Pocket House Hack: Live in the main-level 1BR unit and let the upstairs 2BR unit ($47,607 Airbnb gross in 2025) cover the vast majority of your mortgage.
Strategy 3 — 30–90 Day Medical Mid-Term Rental: Capture high-occupancy travel nurse and visiting physician contracts serving Children's Hospital and West Penn Hospital.
Listing Links & Due Diligence Vault
Crexi Listing & Financial Vault (P&L, Airbnb Report & ZBA Zoning Approval):
West Penn MLS: #1755666 (Multi-Unit) / #1757674 (Single-Family)
Send me a message or reach out directly if you have questions or want me to email you the full financial package!
Tarasa Hurley | Listing Agent River Point Realty, LLC (412) 785-2080 |