Single Family & Mixed Use Portfolio
Multifamily | 7.70% CAP | 11 Units
Marketing description
This portfolio presents the opportunity to acquire 11 residential income-producing units plus a vacant 4,900 SF mixed-use commercial building across five Allegheny County communities — Wilkinsburg, Pitcairn, Wilmerding, East McKeesport, and Clairton — in a single transaction. The portfolio generates $145,500 in gross annual rental income with 100% residential occupancy and significant value-add upside through commercial lease-up at 500 Saint Clair Ave.
The portfolio spans 11 parcels across five established Allegheny County communities. Each submarket benefits from strong renter demand, proximity to Pittsburgh employment corridors, and affordable cost of living relative to the broader metro. The geographic spread across five municipalities insulates the portfolio from localized vacancy risk.
Allegheny County anchors the Pittsburgh metro — one of the most resilient mid-market economies in the U.S., driven by UPMC (68,000+ employees), Carnegie Mellon University, and the University of Pittsburgh. These institutional anchors maintain consistent renter demand across all income levels. The five portfolio submarkets offer affordable rents, low vacancy, and direct I-376 / Route 30 access to Downtown Pittsburgh within 20 minutes.
At $1,475,000, this Allegheny County single family and mixed-use portfolio delivers 100% residential occupancy, $145,500 in gross annual rent, and a clear value-add path through commercial lease-up of 500 Saint Clair Ave. The portfolio's 5-year NOI growth trajectory — from $75,553 in Year 1 to an estimated $84,402 by Year 5 — reflects proven rental demand and disciplined expense management.
Investment highlights
- 100% residential occupancy — all 11 units generating $145,500 gross annual rent from Day 1 with zero lease-up risk on the residential side
- Significant value-add upside — 500 Saint Clair Ave (4,900 SF) is fully vacant; stabilizing this commercial asset alone could meaningfully compress the cap rate and boost total yield
- Proven rent roll with growth trajectory — 2% annual rental growth rate projected, driving NOI from $75,553 (Yr 1) toward $84,402 (Yr 5) as expenses stabilize
- Tenant-paid utilities — all 11 residential units have utilities covered by tenants, keeping operating expense ratio predictable at 45.3%
- Diversified Allegheny County footprint — 5 municipalities across 11 parcels reduce concentration risk; no single vacancy materially impacts portfolio performance
- Pittsburgh metro fundamentals — UPMC, CMU, Pitt, and I-376 / Route 30 corridor drive durable renter demand across all five submarkets
- Below replacement cost — at $83.19/SF, this portfolio is priced well below new construction cost in any of these markets
- Scalable portfolio acquisition — ideal for an investor expanding Western PA residential/commercial holdings under one transaction
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