800 Penn AvePittsburgh, PA 15222

For Sale
Call for price

86 Units, Cultural District, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of two Class A multifamily buildings totaling 86 units, strategically located in Pittsburgh's vibrant Cultural District. The properties, situated at 800 Penn Avenue and 209 9th Street, boast a combined 44,069 square feet and currently enjoy a 98% occupancy rate. Their prime location offers unparalleled access to a wealth of amenities, including renowned restaurants, performing arts venues, professional sports facilities, and convenient public transportation. The buildings are ideally positioned to benefit from the area's continued growth and high demand for rental properties. This presents a compelling opportunity for an investor seeking a stable, high-performing asset with significant upside potential. Further value enhancement could be achieved through the addition of on-site amenities. The properties are offered as a portfolio, providing a consolidated investment in a thriving urban core. The buildings are classified as mixed-use and multifamily, situated in Allegheny County, Pennsylvania, zip code 15222. This is a rare chance to acquire a well-established, high-performing multifamily portfolio in a highly desirable location. The properties are ready for immediate income generation and offer a strong foundation for long-term growth and appreciation.

Property Details for 800 Penn Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
44,069 SF
Class
A
Units
86

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4432965
Longitude
-79.9990903
800 Penn Ave, Pittsburgh, Pennsylvania

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800 Penn Ave
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