Mixed-Use Student Housing
341 Fourth Avenue Pittsburgh, PA 15222
341 Fourth Avenue, Pittsburgh, PA, 15222
$3,750,000
For Sale
$3,750,000
A 7-story building offers fully sprinklered student housing with street retail and long-term rooftop lease income.
Property Size5,370 SF
Price / SF$698.32
Days on Market13
Property Features for 341 Fourth Avenue
General Information
- Standard status
- Active
- Size
- 5,370 SF
- Property subtype
- MultiFamily Apartments
Listing agency
SVN | Three Rivers Commercial Advisors
(724) 918-4426
Listed by
Jason Campagna · License ##RM424399
(724) 918-4426
Source
Thebrokerlist
Added: Jul 10 Checked: Jul 21 at 3:03AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This 7-story, 1889-built mixed-use property was renovated in 2005 and is currently 100% occupied. The building includes approximately 5,370 SF of street retail space and five floors of residential units totaling 24 units. The residential configuration consists of two-bedroom and four-bedroom apartments, each with full kitchens. The property is fully sprinklered and provides elevator access to all floors, with security cameras throughout. Onsite laundry is also available.
The asset is located in Downtown Pittsburgh’s CBD, directly within Point Park University’s urban campus. The residential units have historically been leased to Point Park students on 12-month terms, with an approximately 20-year operating history. The rooftop includes a long-term lease source that provides additional income, with the rooftop lease extending through February 2045.
Additional operational amenities include security cameras throughout and immediate access to campus and nearby public transit, restaurants, entertainment, and Downtown employment centers as described in the remarks.
The asset is located in Downtown Pittsburgh’s CBD, directly within Point Park University’s urban campus. The residential units have historically been leased to Point Park students on 12-month terms, with an approximately 20-year operating history. The rooftop includes a long-term lease source that provides additional income, with the rooftop lease extending through February 2045.
Additional operational amenities include security cameras throughout and immediate access to campus and nearby public transit, restaurants, entertainment, and Downtown employment centers as described in the remarks.
Key Highlights
- 7‑story mixed‑use building built in 1889 and renovated in 2005, located in Downtown Pittsburgh’s CBD
- 100% occupied with 20 years of operating history; residential units leased to Point Park students on 12‑month terms
- Includes approximately 5,370 SF street retail plus 24 student housing units (two‑bedroom and four‑bedroom) with full kitchens
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FAQs
What type of property is this?
Apartment building - A 7-story building offers fully sprinklered student housing with street retail and long-term rooftop lease income.
Where is this apartment building located?
The property is located at 341 Fourth Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 7‑story mixed‑use building built in 1889 and renovated in 2005, located in Downtown Pittsburgh’s CBD; 100% occupied with 20 years of operating history; residential units leased to Point Park students on 12‑month terms; Includes approximately 5,370 SF street retail plus 24 student housing units (two‑bedroom and four‑bedroom) with full kitchens
