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Butler Street Lofts 212 45th St 13 Unit Apartment Building $4,325,000 ($332,692/Unit) 7.02% Cap Rate Pittsburgh, PA 15201

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Investment Highlights

  • 3-Story building with office space, retail space and 13 apartment units
  • 2 Elevators
  • In prime Lawrenceville location near ample restaurants and shopping
  • Apartments are separately metered
  • Proximity to UPMC Children’s Hospital and West Penn Hospital
  • 8,790 ADT on Butler St and 2,893 ADT on 45th St

Executive Summary

SVN Three Rivers Commercial Advisors is pleased to present for sale Butler Street Lofts, a mixed-use property located at 212 45th Street in Pittsburgh’s Lawrenceville neighborhood. The building GBA is 25,000 SF on 0.37 acres.
This historic former home of the Boys’ and Girls’ Club consists of a 3-stories with co-working office space, first floor retail space, and 13 spacious, modern apartment units. The apartments are a mix of one and two bedroom units.
Nestled in the sought-after Lawrenceville neighborhood, the property enjoys convenient access to an array of dining and retail destinations, capitalizing on the area’s vibrant energy. Pittsburgh’s top amenities are within minutes, as well as major employers in healthcare and technology.

Property Facts

Price $4,325,000
Price Per Unit $332,692
Sale Type Investment
Cap Rate 7.02%
No. Units 13
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class B
Lot Size 0.35 AC
Building Size 25,000 SF
No. Stories 3
Year Built 2017
Zoning LNC - Local Neighborhood Commercial

Amenities

Unit Amenities

  • Washer/Dryer
  • Kitchen
  • Stainless Steel Appliances
  • Views
  • Office
  • Patio

Site Amenities

  • Fitness Center
  • Bicycle Storage
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
0049-B-00216-0000-00
Land Assessment
$186,900
Improvements Assessment
$1,218,200
Total Assessment
$1,405,100
  • Listing ID: 39418850

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: 212 45th St, Pittsburgh, PA 15201

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