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101-404 Cedar Hill Dr
McMurray, PA 15317
Heritage Meadows · Multifamily Property For Sale
·
36 Units


Investment Highlights
- Mix of one-bedroom and three-bedroom apartment homes appealing to a broad tenant base
- Approximately 10-minute drive to Southpointe Business Park, home to more than 300 companies and 15,000 employees
- Convenient access to Route 19, shopping, dining, healthcare providers, and recreational amenities throughout the South Hills
- 100% occupied community with stable in-place cash flow
- Located within the highly regarded Peters Township School District
Executive Summary
Colliers is pleased to present Heritage Meadows, a 38-unit Multifamily community located in Peters Township, one Pittsburgh’s most affluent and desirable suburban communities. The property offers investors the opportunity to acquire a well-located Multifamily asset within a highly supply-constrained submarket supported by excellent
schools, strong demographics, and a diverse employment base. Positioned in the South Hills, Heritage Meadows benefits from long-standing residential appeal and access to many of the region’s economic and lifestyle drivers.
The property features a mix of one-bedroom and three-bedroom floor plans designed to appeal to a broad range of renters, including young professionals, families, and residents seeking access to the state recognized Peters Township School District. Larger floor plans provide exposure to family-oriented households that typically exhibit longer tenancy durations and lower turnover rates, supporting stable occupancy and durable cash flow.
Heritage Meadows is strategically positioned approximately 10 minutes away from Southpointe, one of the largest employment centers in the Pittsburgh metropolitan area. Home to over 300 companies and nearly 15.000 employees, Southpointe provides a diversified employment base spanning energy, technology, healthcare, telecommunications, and professional services. The property’s long-term investment outlook is supported by Peter Township’s affluent demographics, limited development pipeline, and ongoing regional investment, including the future Allegheny Health Network Canonsburg Hospital campus. These market fundamentals create a compelling backdrop for sustained rental demand, long-term growth, and asset appreciation.
schools, strong demographics, and a diverse employment base. Positioned in the South Hills, Heritage Meadows benefits from long-standing residential appeal and access to many of the region’s economic and lifestyle drivers.
The property features a mix of one-bedroom and three-bedroom floor plans designed to appeal to a broad range of renters, including young professionals, families, and residents seeking access to the state recognized Peters Township School District. Larger floor plans provide exposure to family-oriented households that typically exhibit longer tenancy durations and lower turnover rates, supporting stable occupancy and durable cash flow.
Heritage Meadows is strategically positioned approximately 10 minutes away from Southpointe, one of the largest employment centers in the Pittsburgh metropolitan area. Home to over 300 companies and nearly 15.000 employees, Southpointe provides a diversified employment base spanning energy, technology, healthcare, telecommunications, and professional services. The property’s long-term investment outlook is supported by Peter Township’s affluent demographics, limited development pipeline, and ongoing regional investment, including the future Allegheny Health Network Canonsburg Hospital campus. These market fundamentals create a compelling backdrop for sustained rental demand, long-term growth, and asset appreciation.
Property Facts
| Sale Type | Investment | Lot Size | 5.20 AC |
| No. Units | 36 | Building Size | 49,359 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Garden | Parking Ratio | 0.69/1,000 SF |
| Building Class | C | ||
| Zoning | R3 - Residential - multifamily | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.20 AC |
| Building Size | 49,359 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | R3 - Residential - multifamily |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Tub/Shower
- Patio
- Porch
Site Amenities
- Playground
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 900 |
| 2+1.5 | 16 | - | 800 |
| 3+1.5 | 16 | - | 1,200 |
Property Taxes
| Parcel Number | 5400100000003503 | Improvements Assessment | $1,500,200 |
| Land Assessment | $1,031,900 | Total Assessment | $2,532,100 |
Property Taxes
Parcel Number
5400100000003503
Land Assessment
$1,031,900
Improvements Assessment
$1,500,200
Total Assessment
$2,532,100
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