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Property profile & analytics
OFF-MARKET
Retail residential properties

1619 Broadway Ave Pittsburgh, PA 15216-3246

0.07 ac lot
Entity Owned 9-yr Hold Free & Clear
Property ID
US73-5641245
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Lot 0.07 ac (3,000 SF)
APN 35-G-16
UPID US73-5641245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sorgatron Media Radio Station Telecommunications Service
  • Sidekick Media Services Film Production Television Studio
  • Dark Forge Studios Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Beechview Atlantic LP · 9 yrs held
Beechview Atlantic LP
since 2017
7 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2017
$25,000
2008
$1,634
2004
$112,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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