Multifamily Property with Outdoor
For Sale
$399,500
1107 Greenfield Avenue, Pittsburgh, PA 15217
Multi-unit residence offers a front porch, balcony, rear decks, basement storage, and access to nearby schools, shopping, and transportation.
Property Size2,600 SF
Price / SF$153.65
Days on Market492
Property Features for 1107 Greenfield Avenue
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi Family
Amenities
porch
balcony
deck
basement storage
6
2
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Jun 16, 2025
Changed: Oct 19
Last Checked: Oct 19 at 8:23AM
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 For sale by owner, please contact
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Investment Insights
Based on property information with market context.
This multifamily residence includes a front porch, balcony, and small rear decks, along with substantial basement storage. The basement may also offer the possibility of creating an additional unit. The property is currently configured as a multi-unit dwelling and could be adapted to single-family use by removing two doors.
Located at 1107 Greenfield Avenue in Pittsburgh, the property is situated near schools, shops, and transportation. The waterfront shopping and entertainment area is also nearby.
Located at 1107 Greenfield Avenue in Pittsburgh, the property is situated near schools, shops, and transportation. The waterfront shopping and entertainment area is also nearby.
Key Highlights
- Multi‑unit dwelling with potential conversion to single‑family use
- Front porch and balcony, plus small rear decks
- Basement provides substantial storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,422
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,440
$548.4K
Cap Rate 7%
$391,743
$391.7K
Cap Rate 9%
$304,689
$304.7K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$53.0K $20.40/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$49.9K $19.18/SF
− OpEx
−$22.4K −$8.63/SF
NOI
$27.4K $10.55/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,440
Cap Rate 7%
$391,743
Cap Rate 9%
$304,689
Alternative Uses
Best Use
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,422 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.0K
$724.5K – $966.1K
NOI $57,963 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
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?
Multifamily property - Multi-unit residence offers a front porch, balcony, rear decks, basement storage, and access to nearby schools, shopping, and transportation.
Where is this multifamily property located?
The property is located at 1107 Greenfield Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Multi‑unit dwelling with potential conversion to single‑family use; Front porch and balcony, plus small rear decks; Basement provides substantial storage space
