Beechview 15-Unit Apartment
1500 Fallowfield Ave Pittsburgh, PA 15216
1500 Fallowfield Ave, Pittsburgh, PA, 15216
$1,600,000
For Sale
$1,600,000
15-unit apartment building in revitalizing Beechview neighborhood, near T Station.
Property Size10,050 SF
Price / SF$159.20
Days on Market243
Property Features for 1500 Fallowfield Ave
General Information
- Standard status
- Active
- Size
- 10,050 SF
- Property subtype
- Multifamily
Listing agency
(724) 859-8091
Listed by
Perry Nickleach II · License #PA #RS361479
(724) 859-8091
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:57AM Checked: Jul 21 at 3:52AM
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 Perry Nickleach II
Investment Insights
Based on property information with market context.
This 15-unit apartment building is located in the Beechview neighborhood of Pittsburgh. The solid brick building is situated one block from the T Station and 3 miles from Downtown Pittsburgh. The property features an attractive unit mix consisting of thirteen 2-bedroom units, one 1-bedroom unit, and one studio apartment. The units have separate gas and electric utilities, as well as central air conditioning. Beechview has been undergoing a revitalization over the past couple of years, presenting an opportunity to increase rents to market levels. The property size is 10,050 square feet.
Key Highlights
- Located one block from the T Station, providing easy access to transportation.
- Attractive unit mix: (13) 2BR's / (1) 1BR / (1) Studio.
- Opportunity to increase rents to market levels.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.0k | $20.40 |
| − Vacancy | −$12.3k | −$1.22 |
| EGI | $192.7k | $19.18 |
| − OpEx | −$86.7k | −$8.63 |
| NOI | $106.0k | $10.55 |
10,050 SF · lease $20.40/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.77M
NOI $105,995 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $224,050 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NATICH Import & Export ...
Logistics Company
Fallowfield Apartments
Apartment Building
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FAQs
What type of property is this?
Apartment building - 15-unit apartment building in revitalizing Beechview neighborhood, near T Station.
Where is this apartment building located?
The property is located at 1500 Fallowfield Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Located one block from the T Station, providing easy access to transportation.; Attractive unit mix: **(13) 2BR's / (1) 1BR / (1) Studio.**; Opportunity to increase rents to market levels.
