' d='M31.6,3.5C5.9,13.6-6.6,42.7,3.5,68.4c10.1,25.7,39.2,38.3,64.9,28.1l-3.1-7.9c-21.3,8.4-45.4-2-53.8-23.3 c-8.4-21.3,2-45.4,23.3-53.8L31.6,3.5z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M42.3,39.6c5.7-4.3,13.9-3.1,18.1,2.7c4.3,5.7,3.1,13.9-2.7,18.1l4.1,5.5c8.8-6.5,10.6-19,4.1-27.7 c-6.5-8.8-19-10.6-27.7-4.1L42.3,39.6z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='1s' from='0 50 50' to='-360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M82,35.7C74.1,18,53.4,10.1,35.7,18S10.1,46.6,18,64.3l7.6-3.4c-6-13.5,0-29.3,13.5-35.3s29.3,0,35.3,13.5 L82,35.7z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3c/svg%3e)
447 / 449 West Pittsburgh Street 447 West Pittsburgh Street, Greensburg, PA 15601
Property Description
Solid four-unit investment opportunity just one block from Independence Health System Westmoreland Hospital and minutes from downtown Greensburg. This fully rented building features four 2-bedroom, 1-bath units and four off-street parking spaces. The location makes it exceptionally easy to rent, with strong demand from hospital staff, visiting nurses, and residents seeking walkable convenience. The property needs some updates, but the fundamentals are in place and the potential is undeniable. Ideal for long-term rentals or a compelling candidate for short-term or mid-term rental conversion to serve hospital visitors and medical professionals. A rare opportunity in a high-demand area where location does the heavy lifting.
Area Description
Located near Independence Health System Westmoreland Hospital and just minutes from downtown Greensburg, this area consistently attracts renters seeking walkable convenience and proximity to major employers. The close connection to the hospital makes it especially appealing to medical professionals, visiting nurses, and short- or mid-term healthcare staff, while nearby offices, restaurants, and cultural amenities support steady demand from downtown employees. Easy access to public transit and main commuter routes further strengthens tenant appeal, making this location a reliable choice for maintaining high occupancy and stable rental income.
Highlights
• Fully rented 4-unit residential building
• All 2-bedroom / 1-bath units
• One block from Independence Health System Westmoreland Hospital
• Strong demand from hospital staff, visiting nurses, and downtown renters
• 4 off-street parking spaces
• Excellent candidate for long-term or short and mid-term rentals
Full Address: 447 West Pittsburgh Street, Greensburg, PA 15601
Listing Type: FOR SALE
Status: In Contract
Occupancy Rate: 75%
Zoning: R2
Region: E-NE
County: Westmoreland County
Use Type: Multi-Family
Property ID: 4097996
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Heating: Yes
Has Gas: Yes
Parcel Num: 10-04-02-0-447
Number Units: 4
Number Buildings: 1
Free Standing: Yes
Number Parking Spaces: 5
Cap Rate: 11.49%
Tenancy Type: Multi-Tenant
• Fully rented 4-unit residential building
• All 2-bedroom / 1-bath units
• One block from Independence Health System Westmoreland Hospital
• Strong demand from hospital staff, visiting nurses, and downtown renters
• 4 off-street parking spaces
• Excellent candidate for long-term or short and mid-term rentals
Average Monthly Rent - 2 bedroom / 1 bathroom: 997
Average Monthly Rent - 2 bedroom / 1 bathroom: 884
Average Monthly Rent - 2 bedroom / 1 bathroom: 997
Average Monthly Rent - 2 bedroom / 1 bathroom: 856
Cf Op Expenses: $17,862
Cf Effective Gross: $42,568
Scheduled Income: $44,808
NOI: $24,705
Cf Vacancy: $5