39-Unit & 2 Development Parcels 12 Properties in Pittsburgh, PA



INVESTMENT HIGHLIGHTS
- Value add opportunity
- First rate neighborhoods
- Valuable development parcels
- Multiple exit strategies
- On-site & on-street parking
EXECUTIVE SUMMARY
Colliers is pleased to present a unique opportunity to acquire a scattered-site rental portfolio strategically located across prominent neighborhoods
in Pittsburgh, designed to deliver immediate scale and long-term growth potential. Comprising of 39 residential units and 2 parcels of vacant land,
this portfolio presents investors with a rare blend of geographic diversification, providing stability and resilience against localized market fluctuations.
The properties are ideally positioned within well-established neighborhoods, attracting steady tenant demand and showcasing strong rent
growth trends. The portfolio’s current performance already yields attractive cash flow, supported by the high occupancy levels typical of these markets.
In addition to its geographic appeal, the portfolio holds significant value-add potential, allowing investors to capitalize on incremental rent
appreciation through strategic renovations and management efficiencies. With the two vacant parcels, there is an added development opportunity
to enhance the portfolio’s income potential and market presence. Renovation initiatives for the existing properties, including updated finishes, energy efficient
upgrades, and other enhancements, can elevate tenant satisfaction, foster higher retention rates, and ultimately increase the portfolio’s cash
flow and overall asset value.
in Pittsburgh, designed to deliver immediate scale and long-term growth potential. Comprising of 39 residential units and 2 parcels of vacant land,
this portfolio presents investors with a rare blend of geographic diversification, providing stability and resilience against localized market fluctuations.
The properties are ideally positioned within well-established neighborhoods, attracting steady tenant demand and showcasing strong rent
growth trends. The portfolio’s current performance already yields attractive cash flow, supported by the high occupancy levels typical of these markets.
In addition to its geographic appeal, the portfolio holds significant value-add potential, allowing investors to capitalize on incremental rent
appreciation through strategic renovations and management efficiencies. With the two vacant parcels, there is an added development opportunity
to enhance the portfolio’s income potential and market presence. Renovation initiatives for the existing properties, including updated finishes, energy efficient
upgrades, and other enhancements, can elevate tenant satisfaction, foster higher retention rates, and ultimately increase the portfolio’s cash
flow and overall asset value.
PROPERTY FACTS
Sale Type | Investment NNN |
Status | Active |
Number of Properties | 12 |
Individually For Sale | 0 |
Total Building Size | 41,410 SF |
Total Land Area | 1.68 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
2341 Candace St, Pittsburgh, PA 15216 | Multifamily | 2,862 SF | 1950 | - |
826 Killarney Dr, Pittsburgh, PA 15234 | Multifamily | 2,283 SF | 1955 | - |
828 Killarney Dr, Pittsburgh, PA 15234 | Multifamily | 1,082 SF | 1955 | - |
4 Neff St, Pittsburgh, PA 15211 | Multifamily | 821 SF | 1950 | - |
95 Wyoming St, Pittsburgh, PA 15211 | Multifamily | 1,997 SF | 1945 | - |
170 Promenade St, Pittsburgh, PA 15205 | Multifamily | 14,193 SF | 1950 | - |
THE VIRGINIA
5923 Howe St, Pittsburgh, PA 15232 |
Multifamily | 6,158 SF | - | - |
97 Wyoming St, Pittsburgh, PA 15211 | Multifamily | 3,056 SF | 1945 | - |
1509 Sarah St, Pittsburgh, PA 15203 | Multifamily | 892 SF | 1950 | - |
161 S 17th St, Pittsburgh, PA 15203 | Multifamily | 893 SF | 1940 | - |
168 S 16th St, Pittsburgh, PA 15203 | Multifamily | 1,183 SF | 1935 | - |
Mount Washington Investment / Development
2 Boggs Ave, Pittsburgh, PA 15211 |
Retail | 5,986 SF | 2018 | - |
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