- For Sale $770,000
- Property Type Multi-Family
- Property Size 7,689 SF
- Units 11
- Lot Size 0.06 Acre
- Year Built 1933
- Date Updated Nov 11, 2026
Description
PittsburghSVN Three Rivers Commercial Advisors is pleased to present 2215 Ardmore Boulevard for sale. This 11-unit mixed-use investment property is on Forest Hills’ main business corridor, Ardmore Boulevard. The approximately 7,689 SF building sits on a commercially zoned parcel. It has five street-level retail storefronts and six apartments: (4) one-bedrooms and (2) two-bedrooms, with private balconies. The property generates $106,140 in gross scheduled annual rental income and a net operating income of $65,608, an 8.5% cap rate at the asking price. With 11 separate tenancies and residential rents ranging from $750 to $1,220 per month, the asset offers investors diversified in-place cash flow with room to raise rents to market.
Highlights
- 11-Unit Mixed-Use Investment Opportunity: (5) Retail Storefronts / (6) Apartments
- Attractive Basis: $70,000/unit, about $100/SF
- Diversified Income: 11 tenancies, with no single tenant accounting for more than about 18% of gross rent
- Main-Road Exposure on Ardmore Boulevard (US Route 30)
- Mark-to-Market Upside: one-bedroom rents range from $750 to $950 and two-bedroom rents from $800 to $1,220
- Strong In-Place Cash Flow: NOI of $65,608 at an 8.5% cap rate
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Contacts
Ben Sherman
SVN | Three Rivers Commercial Advisors
Location
Located at 2215 Ardmore Blvd, Pittsburgh, PA 15221, this property is part of the Forest Hills neighborhood and Pittsburgh market.
Contact Listing Broker
Ben Sherman
SVN | Three Rivers Commercial Advisors
