Stabilized, Mixed-Use Investment Opportunity: 0.12 Acres | 11 Leased Apartment Units, 2 Retail Tenants

219-223 Atwood Street, Pittsburgh, PA 15213

Property Information

  • For Sale $3,500,000
  • Property Type Multi-Family
  • Property Size 5,288 SF
  • Units 13
  • Lot Size 0.12 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1950
  • Date Updated Aug 31, 2026

Description

Oakland is one of Pittsburgh’s most dynamic, institution-anchored neighborhoods, often referred to as a “city within a city.” Located directly east of Downtown Pittsburgh, the area combines major educational, medical, cultural, and residential uses in a dense, walkable environment. The subject property at 219-223 Atwood Street lies less than a five-minute walk from the University of Pittsburgh’s main campus and within walking distance of Carnegie Mellon University, positioning it squarely within the city’s highest-demand student housing district.219-223 Atwood Street presents an opportunity to acquire a stabilized mixed-use investment property in the heart of Oakland. The property includes eleven (11) leased apartments and two (2) retail tenants, providing diversified residential and commercial income in one of Pittsburgh’s most walkable and institutionally anchored neighborhoods. This mixed-use apartment building is located just one block from Forbes Avenue, and is an easy walk to the university campuses. Each apartment features a private bathroom and an equipped eat-in kitchen, and offers the convenience of laundry right in the building. Parking is on-street by city permit.

Highlights

  • 11 leased apartments with 12 months leases
  • 7.6% capitalization rate
  • Historic association with The Decade music venue
  • Stabilized mixed-use investment
  • Strong student and institutional rental demand
  • Two (2) retail tenants with 15 year lease terms
  • UC-E zoning provides long-term flexibility
  • Walking distance to the University of Pittsburgh, UPMC, CMU, and Carlow University

Contacts

Location

Located at 219-223 Atwood Street, Pittsburgh, PA 15213, this property is part of the Central Oakland neighborhood and Pittsburgh market.

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