551 S Graham Street, Shadyside, PA 15232

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 5:17AM

Listing Office:

RE/MAX REALTY BROKERS : 412-521-1000

Listing Agent:

Melissa Reich : 412-521-1000

MLS ID:

1754487

Interior

• Basement: Common Basement

Exterior

• Parking: On Street

Construction

• Roofing: Asphalt
• General: Brick

Location

• Originating MLS: WESTPENN_WPN
• School District: Pittsburgh
• County: Allegheny-East

Lot

• Zoning: Multi

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available

Financial

• Source: WESTPENN_WPN