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    1154 Greenfield Ave Pittsburgh, PA 15217

    Sponsored
    For Sale
    $680,000

    Prime Pittsburgh multi-tenant building. High occupancy, strong cash flow.

    Property size:
    4,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a newly renovated, four-unit mixed-use building situated on the corner of Greenfield and Hazelwood Avenues in Pittsburgh's central Greenfield business district. The property boasts 4,422 square feet and is currently 100% occupied, generating a 7.00% cap rate at an asking price of $680,000 ($153.78/sq ft). The building features two recently renovated three-bedroom, one-bathroom apartments, each showcasing an open floor plan with updated kitchens, bathrooms, flooring, paint, and mechanical systems, including new plumbing, electrical, and HVAC. Two first-floor commercial spaces are leased to established local businesses under below-market-rate leases for the next three years, providing immediate and substantial rental income. This Class B property is offered as a 1031 exchange opportunity and operates under a gross lease structure. The multi-tenant occupancy ensures a diversified income stream and a stable investment. This is a rare chance to acquire a high-performing mixed-use asset in a thriving Pittsburgh neighborhood.

    Property Features for 1154 Greenfield Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,422 SF
    Class
    B

    HighLights

    • Newly renovated four‑unit mixed‑use building in Pittsburgh's Greenfield business district.
    • 4,422 square feet, 100% occupied, 7.00% cap rate, $680,000 asking price ($153.78/sq ft).
    • Two three‑bedroom, one‑bathroom apartments with updated interiors and systems.
    • Two first‑floor commercial spaces with below‑market leases for three years.
    • Offered as a 1031 exchange opportunity with a gross lease structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wrye Wellness Chiropractor Smooke Chiropractic Clinic Chiropractor Conquer Concussion Alternative Medicine Practitioner Dr. Joel Smooke Chiropractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9295143
    Latitude
    40.4198643

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Pittsburgh multi-tenant building. High occupancy, strong cash flow.
    Where is this office property / space located?
    The property is located at 1154 Greenfield Ave Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: Newly renovated four-unit mixed-use building in Pittsburgh's Greenfield business district.; 4,422 square feet, 100% occupied, 7.00% cap rate, $680,000 asking price ($153.78/sq ft).; Two three-bedroom, one-bathroom apartments with updated interiors and systems.
    (724) 933-6300
    Request Owner's contact information
    1154 Greenfield Ave Pittsburgh, PA 15217
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    Pittsburgh, PA 15217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1154 Greenfield Ave Pittsburgh, PA 15217
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