Six-Unit Mixed-Use
For Sale
Contact for pricing
824 - 826 Pittsburgh Street, Springdale, PA 15144
Two storefronts, four apartments, and a rear duplex combine commercial and residential space in one property.
Property Size4,839 SF
Price / SF$99.19
Days on Market80
Property Features for 824 - 826 Pittsburgh Street
General Information
Standard status
Active
Size
4,839 SF
Property subtype
Mixed Use
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$32,834
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
dishwasher
air conditioning
Building Details
Buildings
2
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Allegheny Multifamily
Listed By:
David Poluszejko · License #RS296752
Source:
Crexi
Added: Jun 12
Changed: Aug 30
Last Checked: Aug 30 at 6:53AM
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 Allegheny Multifamily
Investment Insights
Based on property information with market context.
This 4,839-square-foot mixed-use property at 824 - 826 Pittsburgh Street in Springdale, PA, includes six units across two structures. The front building contains two storefronts with two apartments above, while a duplex occupies the rear of the property. Each unit includes a dishwasher and air conditioning.
The property is approximately 17 miles northeast of Pittsburgh in the Pittsburgh suburb of Springdale. Its setting includes a walkable business district with local shops and the Leaning Cask microbrewery, while nearby Route 28 provides access toward Downtown Pittsburgh. The combination of storefront and apartment space creates a varied configuration within a single asset.
The property is approximately 17 miles northeast of Pittsburgh in the Pittsburgh suburb of Springdale. Its setting includes a walkable business district with local shops and the Leaning Cask microbrewery, while nearby Route 28 provides access toward Downtown Pittsburgh. The combination of storefront and apartment space creates a varied configuration within a single asset.
Key Highlights
- Six units totaling 4,839 square feet
- Front building includes 2 storefronts and 2 apartments
- Rear structure contains a duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,720
$822.7K
Cap Rate 7%
$587,657
$587.7K
Cap Rate 9%
$457,067
$457.1K
Market Conditions
NOI Build-Up for 4,839 SF
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.
Gross rent
$62.1K $12.84/SF
− Vacancy
−$3.4K −$0.70/SF
EGI
$58.8K $12.14/SF
− OpEx
−$17.6K −$3.64/SF
NOI
$41.1K $8.50/SF
Area
Allegheny County, PA
Vacancy
5.42%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,720
Cap Rate 7%
$587,657
Cap Rate 9%
$457,067
Alternative Uses
Best Use
Retail
$805.7K
$705.0K – $940.0K
NOI $56,399 @ 7.0% cap · market cap 11.75%
Second Best
Mixed Use
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 10.21%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,280 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 15144, PA
3,998
Population
2,065
Households
1.9
Avg Household Size
46
Median Age
28%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
1,904
Density / Sq Mi
$58,925
Median Household Income
$43,059
Median Earnings
$906
Median Rent
$140,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts, four apartments, and a rear duplex combine commercial and residential space in one property.
Where is this mixed-use property located?
The property is located at 824 - 826 Pittsburgh Street Springdale, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Six units totaling 4,839 square feet; Front building includes 2 storefronts and 2 apartments; Rear structure contains a duplex
