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170 47Th St Pittsburgh, PA 15201

8-Unit Multifamily Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity presents eight adjacent, individually deeded townhomes situated in Pittsburgh's desirable Lawrenceville neighborhood. The portfolio comprises three buildings, totaling eight units with an 88% occupancy rate. The property is strategically located at 170 47th St, 4632 Modoc Way, and 4635 Plummer St, Pittsburgh, PA 15201, offering convenient access to downtown Pittsburgh (less than a 10-minute drive). The townhomes feature spacious kitchens and outdoor living space, including private patios, and abundant on-street parking. A successful renovation program has already been implemented on several units, resulting in significant rental premium increases of over $200. Three units remain unrenovated, presenting a value-add opportunity for a new owner to continue the program and further enhance the net operating income (NOI). Lawrenceville's thriving economy, fueled by a growing tech sector and proximity to renowned educational and healthcare institutions, ensures a strong and stable rental market, making this portfolio a highly attractive investment. This is a rare chance to acquire a well-positioned multifamily asset in a rapidly appreciating area.

Highlights

  • Eight adjacent townhomes in desirable Lawrenceville, Pittsburgh.
  • Three buildings totaling eight units, 88% occupancy.
  • Convenient location, less than 10-minute drive to Downtown Pittsburgh.
  • Spacious kitchens and outdoor living space with private patios.
  • Abundant on-street parking.

Property Details for 170 47Th St

Property type
Residential income homes
Buildings
3
Units
8

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.474952982821
Longitude
-79.959363251686
170 47Th St, Pittsburgh, Pennsylvania

FAQs

What type of property is this?
Residential income home - 8-Unit Multifamily Value-Add Opportunity
Where is the residential income home located?
The property is located at 170 47Th St Pittsburgh, PA.
What are key features of this property?
This property features: Eight adjacent townhomes in desirable Lawrenceville, Pittsburgh.; Three buildings totaling eight units, 88% occupancy.; Convenient location, less than 10-minute drive to Downtown Pittsburgh.
How can I contact the broker?
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170 47Th St
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