Renovated Mixed-Use
For Sale
Contact for pricing
Pending
2145 Centre Ave, Pittsburgh, PA 15219
The building combines one commercial storefront with six residential units under one roof.
Property Size4,500 SF
Days on Market61
Property Features for 2145 Centre Ave
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
6
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 535-8050
Listed By:
Jason Campagna · License ##RM424399
(724) 825-3137
Source:
Moodyscre
Added: Aug 17
Changed: Oct 12
Last Checked: Oct 15 at 1:57AM
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
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Investment Insights
Based on property information with market context.
This 4,500-square-foot mixed-use building contains one commercial storefront and six residential units. The property has been fully renovated, providing a combined commercial and residential configuration within a single building.
Located at 2145 Centre Ave in Pittsburgh, PA 15219, the property offers a storefront component alongside multiple residential units. Financial projections include a 12.9 CAP rate, with forecasted gross income and NOI excluded from this summary.
Located at 2145 Centre Ave in Pittsburgh, PA 15219, the property offers a storefront component alongside multiple residential units. Financial projections include a 12.9 CAP rate, with forecasted gross income and NOI excluded from this summary.
Key Highlights
- One commercial storefront plus 6 residential units
- 4,500 square feet of mixed‑use building area
- Fully renovated building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,461
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,220
$949.2K
Cap Rate 7%
$678,014
$678.0K
Cap Rate 9%
$527,344
$527.3K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$91.8K $20.40/SF
− Vacancy
−$5.5K −$1.22/SF
EGI
$86.3K $19.18/SF
− OpEx
−$38.8K −$8.63/SF
NOI
$47.5K $10.55/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,220
Cap Rate 7%
$678,014
Cap Rate 9%
$527,344
Alternative Uses
Best Use
Retail
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 9.86%
Second Best
Mixed Use
$717.4K
$627.8K – $837.0K
NOI $50,220 @ 7.0% cap · market cap 9.44%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,321 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 15219, PA
10,949
Population
7,139
Households
1.5
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
4,977
Density / Sq Mi
$32,403
Median Household Income
$35,540
Median Earnings
$894
Median Rent
$193,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines one commercial storefront with six residential units under one roof.
Where is this mixed-use property located?
The property is located at 2145 Centre Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $532,000.
What are key features of this property?
This property features: One commercial storefront plus 6 residential units; 4,500 square feet of mixed‑use building area; Fully renovated building
