510 E 8th Ave - Apartments FOR SALE


Homestead, PA 15120- Munhall
$745,000 USD
412-535-5703
510 E 8th Ave, Homestead, PA for Sale
$745,000 USD
Apartments - FOR SALE
1/17
null | 9.87% Cap Rate

510 E 8th Ave
Homestead, PA 15120
Munhall


HIGHLIGHTS

  • Fully renovated mixed-use asset featuring ground-floor retail and four residential units.
  • Retail space occupied by a magistrate’s office for consistent income stability.
  • Four modern luxury apartments, with three currently leased and one owner-occupied.
  • Includes two parcels and 14 private parking spaces for tenants and visitors.
  • Situated in the rapidly developing East 8th Avenue corridor, less than 1 mile and a 5 minute drive from the Waterfront

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

4

PRICE/UNIT

$186,250

CAP RATE

9.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,742 SF

ZONING

-

APN/PARCEL ID

0130-L-00292-0000-00,0130-L-00294-0000-00

ASK ABOUT THIS PROPERTY

Chase TakacsSVN | Three Rivers Commercial AdvisorsMore Info
412-535-5703

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chase TakacsSVN | Three Rivers Commercial AdvisorsMore Info
412-535-5703

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.