167-175 48Th St, Pittsburgh, PA 15201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.