Fidelity Building

341 Fourth Avenue, Pittsburgh, PA 15222

Property Information

  • For Sale $3,750,000
  • Property Type Multi-Family
  • Property Size 30,100 SF
  • Units 24
  • Lot Size 0.13 Acre
  • Date Updated Jul 13, 2026

Description

Located in Downtown Pittsburgh's CBD.SVN Three Rivers Commercial Advisors is pleased to present for sale this 100% occupied mixed-use investment opportunity located in the heart of Downtown Pittsburgh, directly within Point Park University’s urban campus. This 7-story mid-rise building, built in 1889 and renovated in 2005, comprises approximately 5,370 SF of street retail space and 5 Floors of 24 units, complemented by a long-term rooftop lease income that provides diversified cash flow. The property has operated as student housing for approximately 20 years, with the residential units leased to Point Park students on 12-month lease terms, offering a consistent tenant base in a walkable, amenity-rich location. The building is fully sprinklered, has elevator access to all floors, and has security cameras throughout to ensure student safety. Onsite laundry is also available. Residents enjoy immediate access to campus, public transit, restaurants, entertainment, and Downtown employers. This turn-key investment offers excellent value-add potential, being one of the most affordable housing options for Point Park University students.

Highlights

  • 100% occupied with a 20 year operating history. Additional income from rooftop cell tower leases, which extends through February 2045
  • Desirable unit mix of two-bedroom and four-bedroom apartments, all with full kitchens
  • Located steps from Point Park University, Pittsburgh Playhouse, public transit, restaurants, and Downtown employment centers
  • Onsite laundry and security cameras throughout
  • Turn-key 24 unit, 70 bed student housing opportunity and ground-floor retail space with future upside following ABC Imaging lease expiration
  • Value based housing offering upside for future rents

Contacts

Location

Located at 341 Fourth Avenue, Pittsburgh, PA 15222, this property is part of the Downtown Pittsburgh neighborhood and Pittsburgh market.

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