1619 Broadway Ave Pittsburgh, PA 15216-3246
This exceptional investment opportunity presents a portfolio of 49 buildings encompassing 144 units in the Greater Pittsburgh area. The diverse portfolio includes single-family homes, multifamily apartments, and mixed-use properties, strategically located across multiple neighborhoods. Currently boasting an 83% occupancy rate (119 occupied units), this portfolio offers immediate cash flow. The unit mix ranges from studio apartments to four-bedroom, two-bathroom homes, and also includes commercial spaces. Many units have undergone recent renovations, enhancing their appeal to tenants. Properties within the Beechview neighborhood offer convenient access to Downtown Pittsburgh (less than four miles away) via public transportation. Those in Kittanning and Ford City, while situated in a more rural setting, benefit from central locations within their respective boroughs and proximity (under 10 minutes) to retail areas. This portfolio represents a unique opportunity to acquire a substantial and diversified real estate holding in a growing market. The portfolio's location in established neighborhoods and its mix of property types provide a strong foundation for long-term growth and profitability. The current occupancy rate demonstrates the inherent demand and potential for further revenue generation. This is a rare chance to acquire a significant multifamily portfolio in Western Pennsylvania.
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Sorgatron Media Radio Station Telecommunications Service
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Sidekick Media Services Film Production Television Studio
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Dark Forge Studios Arcade & Gaming Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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.