Mixed-Use Student Housing
For Sale
$3,750,000
341 Fourth Avenue, Pittsburgh, PA 15222
A 7-story building offers fully sprinklered student housing with street retail and long-term rooftop lease income.
Property Size30,100 SF
Price / SF$698.32
Days on Market58
Property Features for 341 Fourth Avenue
General Information
Standard status
Active
Size
30,100 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Sprinkler System
Yes
Multifamily Units
24
Building Details
Building Size
30,100 SF
Year Built
1889
Year Renovated
2005
Stories
7
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Jason Campagna · License #PA #RM424399
(724) 825-3137
Source:
Svn
Added: Jul 10
Changed: Sep 4
Last Checked: Aug 24 at 3:17AM
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
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
7,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 15222, PA
5,976
Population
4,008
Households
1.5
Avg Household Size
33
Median Age
77%
College-Educated
99%
High-School Grad
0.9 sq mi
ZIP Area
6,640
Density / Sq Mi
$111,926
Median Household Income
$61,190
Median Earnings
$1,963
Median Rent
$557,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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
