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815 McClure St 5 Unit Apartment Building $500,000 ($100,000/Unit) 6.63% Cap Rate Munhall, PA 15120
EXECUTIVE SUMMARY
An exceptional income-producing opportunity in the heart of Munhall—815 McClure Avenue offers a fully occupied, well-maintained five-unit building just steps from East 8th Avenue and The Waterfront. The all-brick exterior and preserved architectural details lend enduring appeal, while each unit has been newly renovated with bright, functional layouts. The property includes three one-bedroom/one-bath units, one two-bedroom/one-bath units, and one two-bedroom/two-bath unit, providing a balanced tenant mix. Building amenities—communal laundry, a five-space parking lot, and a shared grassy yard—enhance tenant satisfaction and retention. Positioned in Munhall’s continually improving core, the property sits adjacent to the East 8th Avenue commercial corridor and The Waterfront retail and dining hub. Convenient access to the Homestead Grays Bridge, Route 376, and Downtown Pittsburgh (approximately 7 miles) adds to its strong rental appeal. This stabilized asset offers investors an immediate return with long-term upside in one of the region’s most active redevelopment corridors.
PROPERTY FACTS
| Price | $500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 6.63% | Building Size | 3,500 SF |
| Gross Rent Multiplier | 8.9 | No. Stories | 3 |
| No. Units | 5 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | Cross Streets | 9th Ave |
| Price | $500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,500 SF |
| No. Stories | 3 |
| Year Built | 1955 |
| Parking Ratio | 1.43/1,000 SF |
| Cross Streets | 9th Ave |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Bay Window
- Walk-In Closets
- Carpet
- Basement
- Double Pane Windows
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 0130-L-00229-0000-00 | Improvements Assessment | $62,100 |
| Land Assessment | $27,600 | Total Assessment | $89,700 |
PROPERTY TAXES
Parcel Number
0130-L-00229-0000-00
Land Assessment
$27,600
Improvements Assessment
$62,100
Total Assessment
$89,700
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815 McClure St
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