170 47Th StPittsburgh, PA 15201

Property Details for 170 47Th St

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.475

Longitude

-79.9594

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