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Mixed-Use Building with Retail
For Sale
$649,000

601 Merchant, Pittsburgh, PA 15003

Four rented apartments above leased retail space create a combined commercial and residential configuration.

Property SizeContact for details
Days on Market234

Property Features for 601 Merchant

General Information

Standard status Active
Property subtype Commercial
Zoning Comm, Comm
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Mixed-Use Components retail, residential
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,772

Building Details

Year Built 1920
Buildings 1
Tenancy Multi
Listing Agency: COLDWELL BANKER REALTY
Listed By: Robert Strohm · License #RS189629
Source: Indianlakerealty
Added: Mar 11 Changed: Oct 30 Last Checked: Oct 30 at 3:21PM

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 COLDWELL BANKER REALTY

Rey
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Investment Insights

Based on property information with market context.

Built in 1920, this mixed-use property combines retail premises on the first and second floors and in the basement with residential units on the third floor. The retail portions are leased, and all four apartments are rented. Each apartment has two bedrooms and one bathroom.

Key Highlights

  • Retail space on the first and second floors, plus the basement, is leased
  • Four rented third‑floor apartments, each with 2 bedrooms and 1 bath
  • Built in 1920

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Hair Salon Restaurant Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby

Demographics for 15003, PA

11,672
Population
5,955
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
1,945
Density / Sq Mi
$57,943
Median Household Income
$37,946
Median Earnings
$886
Median Rent
$119,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four rented apartments above leased retail space create a combined commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 601 Merchant Pittsburgh, PA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Retail space on the first and second floors, plus the basement, is leased; Four rented third‑floor apartments, each with 2 bedrooms and 1 bath; Built in 1920
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