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2145 Centre Ave 6 Unit Apartment Building $895,791 CAD ($149,298 CAD/Unit) 12.88% Cap Rate Pittsburgh, PA 15219
Investment Highlights
- 1 Commercial storefront + 6 Residential Units
- Forecasted Gross income = $110,505 with NOI = $83,743
- Fully renovated building with attractive street presence
- Projected 12.9 CAP Rate!
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present for sale 2145 Centre Avenue, a Mixed-Use Investment opportunity consisting of 7 total units. This building is located in the heart of Pittsburgh’s Hill District and consists of (1) ground-floor commercial storefront currently paying $1,500 / month through October 2026, (2) studio units and (4) 1 Bedroom residential units. Owner completed an extensive renovation consisting of all new mechanicals, plumbing, electrical, sprinkler / life safety and HVAC back in 2019. Currently all 6 apartments are vacant and rent ready. There is a vacant o?ce space in the rear of building,as well as as, a large basement for storage and laundry for tenants.
The property is strategically positioned near Downtown Pittsburgh, major transit corridors, universities, hospitals, and ongoing redevelopment initiatives. The Hill District is a historically significant neighborhood experiencing continued gradual reinvestment and redevelopment. Forecasted annual gross income of approximately $110,505 and an estimated NOI of approximately $83,743, creating compelling cash-flow potential with a projected cap rate of 12.9 CAP.
The property is strategically positioned near Downtown Pittsburgh, major transit corridors, universities, hospitals, and ongoing redevelopment initiatives. The Hill District is a historically significant neighborhood experiencing continued gradual reinvestment and redevelopment. Forecasted annual gross income of approximately $110,505 and an estimated NOI of approximately $83,743, creating compelling cash-flow potential with a projected cap rate of 12.9 CAP.
Property Facts
| Price | $895,791 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $149,298 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 12.88% | Building Size | 3,600 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $895,791 CAD |
| Price Per Unit | $149,298 CAD |
| Sale Type | Investment |
| Cap Rate | 12.88% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,600 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
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2145 Centre Ave
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