Log In/Sign Up
Your email has been sent.
510 E 8th Ave 4 Unit Apartment Building $745,000 ($186,250/Unit) 9.87% Cap Rate Homestead, PA 15120
Investment Highlights
- Fully renovated mixed-use asset featuring ground-floor retail and four residential units.
- Four modern luxury apartments, with three currently leased and one owner-occupied.
- Situated in the rapidly developing East 8th Avenue corridor, less than 1 mile and a 5 minute drive from the Waterfront
- Retail space occupied by a magistrate’s office for consistent income stability.
- Includes two parcels and 14 private parking spaces for tenants and visitors.
Executive Summary
510 E 8th Avenue presents a fully renovated mixed-use investment in Homestead, Pennsylvania, within the growing East 8th Avenue corridor. This property combines retail and residential components with a modernized building encompassing approximately 8,238 SF across three floors. The ground level is occupied by a long-term leased retail tenant, the magistrate’s office, providing stable cash flow. The upper levels feature four upgraded luxury apartment units, offering contemporary finishes and layouts suited to today’s discerning renters. Three units are currently leased, while one is owner-occupied, ensuring immediate income and upside potential.
Positioned on two adjoining parcels and including off-street parking for 14 vehicles, the property is designed for operational efficiency. Residents enjoy easy connectivity to The Waterfront retail and entertainment destination, less than five minutes away, as well as convenient access to I-376 for direct routes to Downtown Pittsburgh and surrounding employment centers. With a favorable cap rate, diversified tenancy, and a location in an area marked by redevelopment and growth, this asset offers investors a strong income-producing opportunity in the Pittsburgh metro market.
Positioned on two adjoining parcels and including off-street parking for 14 vehicles, the property is designed for operational efficiency. Residents enjoy easy connectivity to The Waterfront retail and entertainment destination, less than five minutes away, as well as convenient access to I-376 for direct routes to Downtown Pittsburgh and surrounding employment centers. With a favorable cap rate, diversified tenancy, and a location in an area marked by redevelopment and growth, this asset offers investors a strong income-producing opportunity in the Pittsburgh metro market.
Property Facts
| Price | $745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 9.87% | Building Size | 8,337 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $745,000 |
| Price Per Unit | $186,250 |
| Sale Type | Investment |
| Cap Rate | 9.87% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,337 SF |
| No. Stories | 3 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0130-L-00292-0000-00 | Improvements Assessment | $60,200 |
| Land Assessment | $14,000 | Total Assessment | $74,200 |
Property Taxes
Parcel Number
0130-L-00292-0000-00
Land Assessment
$14,000
Improvements Assessment
$60,200
Total Assessment
$74,200
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
510 E 8th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.