Mixed-Use Building with
516 W North Ave, Pittsburgh, PA 15212
For Sale
New
$1,750,000
ResidentialIncome, Central North Side, PA
Property Size5,128 SF
Lot Size0.19 Acres
Price / SF$341.26
Days on Market1
Property Features for 516 W North Ave
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Annual Amount
Amenities
grand carved staircase
ornate marble and wood fireplace mantels
stained glass accents
soaring ceilings
intricate millwork
columned wraparound porch
Building Details
Number of units
Building materials
Buildings
Listing Agency:
EXP REALTY LLC
Listed By:
DJ Fairley · License PA RS340181
(888) 397-7352
Added: Nov 12
Last Checked: Nov 12 at 6:06PM
MLS# 1783163
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,128-square-foot brick mixed-use building combines office space on the first and second floors with two one-bedroom, one-bathroom apartments. Historic interior details include a carved staircase, marble and wood fireplace mantels, stained glass, high ceilings, and detailed millwork. A columned wraparound porch faces Allegheny Commons Park. One apartment is tenant occupied.
A detached five-car brick garage and five additional off-street spaces provide on-site parking. Building systems include four furnaces and four AC condensers. The property occupies 0.1873 acres and is zoned RES.
A detached five-car brick garage and five additional off-street spaces provide on-site parking. Building systems include four furnaces and four AC condensers. The property occupies 0.1873 acres and is zoned RES.
Key Highlights
- 5,128 square feet with office space on floors one and two
- Two 1‑bedroom, 1‑bath apartments; one is tenant occupied
- Detached brick garage accommodates 5 cars, with 5 additional off‑street spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,508
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,160
$1.3M
Cap Rate 7%
$935,829
$935.8K
Cap Rate 9%
$727,867
$727.9K
Market Conditions
NOI Build-Up for 5,128 SF
Gross rent
$115.7K $22.56/SF
− Vacancy
−$28.3K −$5.53/SF
EGI
$87.3K $17.03/SF
− OpEx
−$21.8K −$4.26/SF
NOI
$65.5K $12.77/SF
Area
Pittsburgh, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,160
Cap Rate 7%
$935,829
Cap Rate 9%
$727,867
Alternative Uses
Best Use
Office B
$935.8K
$818.9K – $1.09M
NOI $65,508 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$817.5K
$715.4K – $953.8K
NOI $57,228 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,321 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,602
Businesses Nearby
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Business Placement
Demographics for 15212, PA
27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value
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Market
Properties on Market for Mixed-use properties in Pittsburgh
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments complement office space on the building’s first and second floors.
Where is this mixed-use property located?
The property is located at 516 W North Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,128 square feet with office space on floors one and two; Two 1‑bedroom, 1‑bath apartments; one is tenant occupied; Detached brick garage accommodates 5 cars, with 5 additional off‑street spaces
