Back to Search

Beechview 15-Unit Apartment Building

1500 Fallowfield Ave, Pittsburgh, PA 15216

View on Map

For Sale

$1,600,000

15-unit apartment building in revitalizing Beechview neighborhood, near T Station.

Type:Multifamily

Property size:

10,050 SF

Price / SF:

$159/SF

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.
Units have separate gas and electric and central AC.
Solid brick building.
Located in the Beechview neighborhood, which is undergoing revitalization.

We can help!

Contact an agent

Perry Nickleach II

For Sale

$1,600,000

15-unit apartment building in revitalizing Beechview neighborhood, near T Station.

Type:Multifamily

Property size:

10,050 SF

Price / SF:

$159/SF

Added:: Nov 21, 2025
Days on Market:: 228
Last Refresh:: May 8 at 9:39 pm

Property Features for 1500 Fallowfield Ave

General Information

Standard status: Active
Size: 10,050 SF
Property subtype: Multifamily

We can help!

Contact an agent

Perry Nickleach II

Listing office

Listing date Nov 21, 2025

Source Svn

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

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.
Units have separate gas and electric and central AC.
Solid brick building.
Located in the Beechview neighborhood, which is undergoing revitalization.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $224,050 @ 7.0% cap · market cap 14.00%

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

Property Profile Location Intelligence

Current Use by Public Records

NATICH Import & Export ... Logistics Company Fallowfield Apartments Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Pittsburgh
County: Allegheny
State: Pennsylvania
Longitude: -80.0241799
Latitude: 40.4128658

Nearby Similar for Sale

$2,590,000

Mixed-Use Retail and Office Building

A mixed-use property with an occupied grocery storefront below and elevator-served commercial office space above.

5818 Forbes Ave, Pittsburgh, PA 15217

View Details
$439,900

High-Visibility Commercial Building with Parking

Move-in-ready flexible main-level space plus 14 on-site parking spaces support retail, office, medical, or service uses.

5119 Clairton Blvd, Pittsburgh, PA 15236

View Details
$250,000

3,200 SF

Retail - Penn Hills, PA

Large 6-bay auto garage with equipment on ~0.75 acre lot.

801 Universal Rd, Pittsburgh, PA 15235

View Details
$244,000

Office Condominium with Private Patio

Two office condominiums offer flexible combined or separate occupancy with private patios, bathrooms, and fully finished lower levels.

2006-2007 Kinvara Dr, Pittsburgh, PA 15237

View Details
$199,998

Corner Mixed-Use Retail and Apartment

Corner property with two storefront spaces and an upstairs apartment, plus separated utilities and basement storage.

239-243 Brownsville, Pittsburgh, PA 15210

View Details
$340,000

Corner Commercial Building with Display Windows

Two-level corner building with large front windows and exterior access, offering flexible space for retail, office, or restaurant use.

4145 Brownsville Rd, Pittsburgh, PA 15227

View Details
$349,000

Multi-Level Retail/Office Building

Versatile multi-level space with open first-floor layout, office room, and finished lower level for flexible retail or office use.

157/159 Cemetery Ln, Pittsburgh, PA 15237

View Details
$1,900,000

Turnkey Restaurant and Bar Building

Two-story, fully equipped restaurant and bar with liquor license and adjacent lot in Downtown Pittsburgh.

10 Market St, Pittsburgh, PA 15222

View Details
$218,800

Mixed-Use Live-Work and Office

Well-maintained mixed-use property with a private backyard and driveway for 3–4 vehicles, supporting flexible office or home use.

1850 Kleber Street, Pittsburgh, PA 15212

View Details
$765,000

Remodeled Office Building with Rear Entrance

Remodeled office building with both front and rear entrances, four public restrooms, and updated major systems for modern operations.

20 Donati Road, Pittsburgh, PA 15241

View Details
$199,900

Former Church with Stained Glass

Spacious former church with a two-story sanctuary, stained glass, and prominent entry and lobby area in Pittsburgh’s 12th Ward.

1550 Lincoln, Pittsburgh, PA 15206

View Details
$725,000

Restaurant & Bar with Lounge

For sale restaurant and bar with liquor license and equipment included for a full-service 138-seat operation.

114 Grant Ave, Pittsburgh, PA 15209

View Details

For sale
Apartment buildings
PA
Pittsburgh
15216
1500 Fallowfield Ave

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.