Thaw Mansion

Investment Overview

SVN | Three Rivers Commercial Advisors is pleased to present the opportunity to purchase the Thaw Mansion, a 100% occupied historic mixed-use property featuring a unique blend of 8 residential apartments and 1 commercial office space. Located at 930 North Lincoln Avenue in the Allegheny West National Register Historic District of Pittsburgh, this 13,704 SF landmark combines historic charm, highlighted by an ornate former ballroom repurposed as office space, with modern functionality following updates in 2016. The offering features a residential unit mix of five 1-bedrooms and three 2-bedrooms, plus a full basement, each equipped with separate utilities. The building is situated on a 10,350 SF lot complete with 12 paved off-street parking spaces. Residents and tenants enjoy exceptional walkability to major cultural and recreational hubs, including Acrisure Stadium, PNC Park, Rivers Casino, and the Community College of Allegheny County (CCAC).

Investment Highlights

• 100% Occupied Mixed-Use Asset: Strong, stable revenue stream generated by 8 residential apartments and 1 first floor professional office unit
• Separate Tenant Utilities: Commercial and residential units feature separately metered utilities, reducing owner operational complexity and utility overhead
• On-Site Parking: Rare urban amenity with a paved rear lot providing 12 dedicated parking spaces for tenants and visitors
• Prime North Side Location: Situated in the historic Allegheny West neighborhood just minutes across the river from Downtown Pittsburgh, the property offers tenants seamless commute access via local bridge corridors and the light rail “T” system, while placing them steps from cultural landmarks (The Andy Warhol Museum, Mattress Factory, Carnegie Science Center) and capitalizing on major nearby investments like the $740M Esplanade riverfront development