1154 Greenfield AvePittsburgh, PA 15217

For Sale
$680,000

Prime Pittsburgh multi-tenant building. High occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a newly renovated, four-unit mixed-use building situated on the corner of Greenfield and Hazelwood Avenues in Pittsburgh's central Greenfield business district. The property boasts 4,422 square feet and is currently 100% occupied, generating a 7.00% cap rate at an asking price of $680,000 ($153.78/sq ft). The building features two recently renovated three-bedroom, one-bathroom apartments, each showcasing an open floor plan with updated kitchens, bathrooms, flooring, paint, and mechanical systems, including new plumbing, electrical, and HVAC. Two first-floor commercial spaces are leased to established local businesses under below-market-rate leases for the next three years, providing immediate and substantial rental income. This Class B property is offered as a 1031 exchange opportunity and operates under a gross lease structure. The multi-tenant occupancy ensures a diversified income stream and a stable investment. This is a rare chance to acquire a high-performing mixed-use asset in a thriving Pittsburgh neighborhood.

Highlights

  • Newly renovated four-unit mixed-use building in Pittsburgh's Greenfield business district.
  • 4,422 square feet, 100% occupied, 7.00% cap rate, $680,000 asking price ($153.78/sq ft).
  • Two three-bedroom, one-bathroom apartments with updated interiors and systems.
  • Two first-floor commercial spaces with below-market leases for three years.
  • Offered as a 1031 exchange opportunity with a gross lease structure.

Property Details for 1154 Greenfield Ave

Property type
Other office properties, Office properties
Square Feet
4,422 SF
Class
B

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4198643
Longitude
-79.9295143
1154 Greenfield Ave, Pittsburgh, Pennsylvania

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1154 Greenfield Ave
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