Mixed-Use Property in
212 45th St, Pittsburgh, PA 15201
Mixed-use property with apartments, office, and retail space for sale.
Type:Multifamily
Property size:
25,000 SFLot size:
0.37 AcresPrice / SF:
$173/SF- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 12:19 am
Property Features for 212 45th St
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 0.37 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2017
Listing agent Andreas Kamouyerou, CCIM License #PA #RS340004 (412) 535-8062
Listing office SVN | Three Rivers Commercial Advisors (412) 535-8062
Listing date Mar 6, 2026
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 SVN | Three Rivers Commercial Advisors
HighLights
- Mixed‑use property featuring office, retail, and 13 apartment units.
- Prime Lawrenceville location near restaurants and shopping.
- Located in Pittsburgh's desirable Lawrenceville neighborhood.
- Built in 2017.
- Proximity to UPMC Children’s Hospital and West Penn Hospital.
- Apartments are separately metered.
Overview
Located at 212 45th Street in Pittsburgh’s Lawrenceville neighborhood, Butler Street Lofts is a mixed-use property available for sale. The three-story building has a gross building area of 25,000 square feet and is situated on 0.37 acres. The property features office space, retail space, and 13 apartment units. The apartments are separately metered. The building is equipped with two elevators. The location offers proximity to UPMC Children’s Hospital and West Penn Hospital, and is near restaurants and shopping. Traffic counts are 8,790 ADT on Butler Street and 2,893 ADT on 45th Street.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$3.55M
NOI $319,365 @ 9.00% cap · cautious / downside scenario
Moderate
$4.56M
NOI $319,365 @ 7.00% cap · market / base-case scenario
Aggressive
$6.39M
NOI $319,365 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $564.0k | $22.56 |
| − Vacancy | −$138.2k | −$5.53 |
| EGI | $425.8k | $17.03 |
| − OpEx | −$106.5k | −$4.26 |
| NOI | $319.4k | $12.77 |
25,000 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$4.56M
$3.99M – $5.32M
NOI $319,365 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$4.16M
$3.64M – $4.86M
NOI $291,375 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$7.96M
$6.97M – $9.29M
NOI $557,338 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Butler Street Lofts
Apartment Building
Quantum Theatre
Theater & Performing Art Venue
Attack Theatre
Theater & Performing Art Venue
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9591
- Latitude
- 40.4719
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with apartments, office, and retail space for sale.
Where is this mixed-use property located?
The property is located at 212 45th St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: Mixed‑use property featuring office, retail, and 13 apartment units.; Prime Lawrenceville location near restaurants and shopping.; Located in Pittsburgh's desirable Lawrenceville neighborhood.
