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    909 Penn Avenue Pittsburgh, PA 15222

    Sponsored
    For Sale
    $4,750,000

    Prime Pittsburgh lofts, 27 units, high occupancy.

    Property size:
    35,000 SF

    Description

    Added:
    Jan 20, 2025
    Days on Market:
    352
    This exceptional multifamily investment opportunity presents the Lando Lofts, a 27-unit residential property located at 909 Penn Avenue in Pittsburgh, Pennsylvania, 15222. Situated in the heart of the Cultural District, these premier loft residences boast spacious floor plans designed to maximize natural light. The apartments feature large windows, open layouts, and gourmet kitchens equipped with gas ranges, expansive quartz-topped islands, and slow-close cabinetry. The unit mix comprises 18 one-bedroom, one-bathroom units; 4 two-bedroom, one-bathroom units; and 5 two-bedroom, two-bathroom units. Residents enjoy access to desirable amenities including a rooftop deck offering stunning city views, a rooftop kitchen perfect for gatherings, and a convenient on-site gym. The property's prime location offers unparalleled proximity to renowned venues such as Heinz Hall and the Benedum Center, as well as a vibrant array of restaurants and cultural attractions. The building encompasses 35,000 square feet and sits on a 0.15-acre lot. This property is offered at $4,750,000. The current occupancy rate is not disclosed.

    Property Features for 909 Penn Avenue

    General Information

    Property type
    Multifamily properties
    Square Feet
    35,000 SF
    Price / Square Foot
    $135
    Class
    B
    Elevators
    N/A
    Lot Size
    6,534 SF

    Building Details

    Year Built/Renovated
    1895/2015
    Buildings
    1
    Stories
    6
    Units
    27

    HighLights

    • Prime location in Pittsburgh's Cultural District, near renowned venues.
    • 27 units: 18 one‑bedroom, 4 two‑bedroom/one‑bath, 5 two‑bedroom/two‑bath.
    • Luxury amenities include rooftop deck, kitchen, and gym; gourmet kitchens in each unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lando Lofts Apartment Complex

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Clothing Store Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Pittsburgh
    State
    Pennsylvania

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    FAQs

    What type of property is this?
    Multifamily property - Prime Pittsburgh lofts, 27 units, high occupancy.
    Where is this multifamily property located?
    The property is located at 909 Penn Avenue Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Prime location in Pittsburgh's Cultural District, near renowned venues.; 27 units: 18 one-bedroom, 4 two-bedroom/one-bath, 5 two-bedroom/two-bath.; Luxury amenities include rooftop deck, kitchen, and gym; gourmet kitchens in each unit.
    (724) 699-4707
    Request Owner's contact information
    909 Penn Avenue Pittsburgh, PA 15222
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    Pittsburgh, PA 15222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    909 Penn Avenue Pittsburgh, PA 15222
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