Property profile

167-175 48Th St Pittsburgh, PA 15201

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 1.2 million dollar investment opportunity presents a unique chance to develop a city block in the thriving Lawrenceville neighborhood of Pittsburgh, Pennsylvania. The property, located at 167-175 48th Street and 4807 Blackberry Way, encompasses three parcels of land, totaling a significant area. Originally comprised of six houses, the property currently features three existing dwellings. This presents a flexible development scenario, allowing for either renovation and repurposing of the existing structures or complete redevelopment to suit a variety of uses, subject to the R zoning designation. The location is highly desirable, offering unparalleled walkability to Lawrenceville's vibrant restaurants, shops, and parks. Furthermore, its proximity to public transportation and downtown Pittsburgh enhances its appeal and accessibility. The sale includes the transfer of all three parcels, providing a substantial land holding in a rapidly appreciating area. This is a rare opportunity to acquire a large, contiguous land parcel in a prime location with significant development potential. The property's address is 167-175 48th Street and 4807 Blackberry Way, Pittsburgh, PA 15201.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

167-175 48Th St Pittsburgh, PA 15201
Pittsburgh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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