1154 Greenfield AvePittsburgh, PA 15217

Property Details for 1154 Greenfield Ave

Property size (Sq ft)

4,422 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4199

Longitude

-79.9295

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