Vacant Two-Unit
For Sale
$370,000
Pending
1048 Mirror St, Pittsburgh, PA 15217
Two unoccupied residences provide flexibility for an owner-occupant or rental strategy.
Property Size2,550 SF
Days on Market47
Property Features for 1048 Mirror St
General Information
Standard status
Pending
Size
2,550 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovate
Site & Location
Neighborhood
Greenfield
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
Piatt Sotheby's International Realty
(412) 471-4900
Listed By:
Jackson Realty Group
(412) 790-2779
Source:
Jacksonrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Piatt Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,550 square feet of living space, with each residence offering two bedrooms and one full bathroom. Both units are currently vacant, allowing the next owner to address improvements and establish occupancy according to their plans. An unfinished basement adds separate utility and storage potential within the existing structure.
Built in 1940, the property is located at 1048 Mirror Street in Pittsburgh, Pennsylvania. Its duplex configuration supports a range of ownership approaches, including occupying one residence while leasing the other, subject to the owner’s plans and applicable requirements.
Built in 1940, the property is located at 1048 Mirror Street in Pittsburgh, Pennsylvania. Its duplex configuration supports a range of ownership approaches, including occupying one residence while leasing the other, subject to the owner’s plans and applicable requirements.
Key Highlights
- Two‑unit duplex with approximately 2,550 square feet of living space
- Each unit includes two bedrooms and one full bathroom
- Both units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,040
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,800
$580.8K
Cap Rate 7%
$414,857
$414.9K
Cap Rate 9%
$322,667
$322.7K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$44.4K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.5K $16.27/SF
− OpEx
−$12.4K −$4.88/SF
NOI
$29.0K $11.39/SF
Area
Pittsburgh, PA
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,800
Cap Rate 7%
$414,857
Cap Rate 9%
$322,667
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.0K – $484.0K
NOI $29,040 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.2K
NOI $26,894 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$812.1K
$710.6K – $947.5K
NOI $56,848 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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Business Placement
Demographics for 15217, PA
26,851
Population
12,582
Households
2.1
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
6,885
Density / Sq Mi
$91,695
Median Household Income
$55,890
Median Earnings
$1,412
Median Rent
$431,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two unoccupied residences provide flexibility for an owner-occupant or rental strategy.
Where is this duplex located?
The property is located at 1048 Mirror St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,550 square feet of living space; Each unit includes two bedrooms and one full bathroom; Both units are currently vacant
