Three-Story Mixed-Use
For Sale
Contact for pricing
1735 E Carson St, Pittsburgh, PA 15203
Ground-floor retail is occupied, with one residential unit spanning the upper floors.
Property Size6,000 SF
Price / SF$191.67
Days on Market53
Property Features for 1735 E Carson St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
MULTIFAMILY
Additional Details
Multifamily Units
1
Amenities
off-street
covered parking
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Hanna Commercial Real Estate | Pittsburgh
(412) 261-2200
Listed By:
Anthony Cost · License #AB067512
Source:
Moodyscre
Added: Aug 24
Changed: Oct 14
Last Checked: Oct 14 at 8:39PM
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 Hanna Commercial Real Estate | Pittsburgh
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Investment Insights
Based on property information with market context.
Located at 1735 E Carson St in Pittsburgh, Pennsylvania, this three-story mixed-use building contains approximately 6,000+/- SF of retail and residential space. The property includes off-street covered parking, adding dedicated parking capacity to the building’s configuration.
The first-floor retail space is occupied by a tenant. Residential space extends across the second and third floors, where one unit is available. The combination of ground-level commercial space and upper-floor residential use creates a defined mixed-use layout within the building.
The first-floor retail space is occupied by a tenant. Residential space extends across the second and third floors, where one unit is available. The combination of ground-level commercial space and upper-floor residential use creates a defined mixed-use layout within the building.
Key Highlights
- Approximately 6,000+/- SF of retail and residential space
- Three‑story mixed‑use building
- Occupied first‑floor retail tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,930
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,600
$1.4M
Cap Rate 7%
$999,000
$999.0K
Cap Rate 9%
$777,000
$777.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$8.1K −$1.35/SF
EGI
$99.9K $16.65/SF
− OpEx
−$30.0K −$5.00/SF
NOI
$69.9K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,600
Cap Rate 7%
$999,000
Cap Rate 9%
$777,000
Alternative Uses
Best Use
Retail
$999.0K
$874.1K – $1.17M
NOI $69,930 @ 7.0% cap · market cap 6.08%
Second Best
Mixed Use
$956.6K
$837.0K – $1.12M
NOI $66,960 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,761 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 15203, PA
10,720
Population
6,983
Households
1.5
Avg Household Size
30
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
7,147
Density / Sq Mi
$71,299
Median Household Income
$55,738
Median Earnings
$1,458
Median Rent
$251,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is occupied, with one residential unit spanning the upper floors.
Where is this mixed-use property located?
The property is located at 1735 E Carson St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 6,000+/- SF of retail and residential space; Three‑story mixed‑use building; Occupied first‑floor retail tenant
