Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 5Th Ave McKeesport, PA 15132

    Sponsored
    For Sale
    Pending
    $60,000

    Apartment - McKeesport, PA

    Type:Apartment
    Lot size:
    0.05 Acres
    Days on Market:
    37
    Last Refresh:
    Jan 27 at 9:06 am

    Property Features for 116 5Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Pending
    Zoning
    Com
    Lot size
    0.05 Acres

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Kenneth Presock

    Coldwell Banker Real Estate Services (412) 548-1202

    Listing agent Kenneth Presock (724) 327-0123 License #RS354579

    Listing date Dec 22, 2025

    MLS# 1733066 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    McKeesport Multifamily Investment Opportunity

    Located at 116 5th Avenue in McKeesport, PA, this multifamily property features five units and presents a value-add opportunity. Currently, two units are occupied, generating immediate rental income. The remaining units offer potential for renovations and increased rental income. The property is suitable for investors seeking to enhance value through property improvements within an emerging rental market. The lot size is 0.0467 acres. The property's zoning is commercial. The location provides convenient access to local amenities and transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Domestic Abuse Counseling ... Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKeesport
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.867994
    Latitude
    40.350438

    Nearby Similar for Sale

    • New
      $89,800
      0.29 Acres

      McKeesport Commercial Property For Sale

      Commercial property with restaurant and apartment in McKeesport, PA.
      2634 5Th Ave, McKeesport, PA 15132
      View Details
    • $610,000
      0.44 Acres

      Remodeled Fourplex in McKeesport, PA

      Fully remodeled fourplex with separate utilities and parking lot.
      1116 Oneil Blvd, McKeesport, PA 15132
      View Details
    • $98,000
      0.14 Acres

      Versatile Building Across From UPMC

      Expansive building near UPMC McKeesport Hospital with development potential.
      1320-1326 5Th Ave, McKeesport, PA 15132
      View Details
    • $1,250,000
      0.21 Acres

      Thriving Butcher Shop and Grocery

      Turnkey butcher shop and specialty grocery in McKeesport, PA.
      2010 Eden Park Blvd, McKeesport, PA 15132
      View Details
    • $175,000
      Pending

      Multi-Use Building with Endless Potential

      Spacious property with flexibility for business or investment opportunities.
      600 Sceneridge Rd, McKeesport, PA 15133
      View Details
    • $59,900
      0.09 Acres

      Versailles Boro Office For Sale

      Former dentist office in well-maintained building, suitable for professional services.
      4804 Walnut St, McKeesport, PA 15132
      View Details
    • $89,900
      0.10 Acres

      Mixed-Use Building with Retail/Office

      Mixed-use commercial building with retail and office space in McKeesport.
      600 Locust St, McKeesport, PA 15132
      View Details
    • $947,750
      12,500 SF

      Turnkey Warehouse & Office Property

      12,500 sqft warehouse and office space near Pittsburgh.
      205 31St St, McKeesport, PA 15132
      View Details
    • $887,750

      Turnkey Warehouse and Office Property

      12,500 sqft warehouse and office near Pittsburgh with modern updates.
      205 31St St, McKeesport, PA 15132
      View Details
    • $230,000

      Established Daycare Business and Property

      Turnkey daycare business and property for sale in Elizabeth, PA.
      2420 Greenock Buena Vista Rd, McKeesport, PA 15135
      View Details
    • $162,500

      Investment Property Near UPMC Hospital

      Investment opportunity with commercial space and residential unit near UPMC.
      606 Evans Ave, McKeesport, PA 15132
      View Details
    • $285,000

      Liberty Boro Storage Investment

      Brick building with storage units and versatile front area.
      2922 Liberty Way, McKeesport, PA 15133
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with value-add potential in McKeesport, PA.
    Where is this apartment building located?
    The property is located at 116 5Th Ave McKeesport, PA.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - 5-unit multifamily property with value-add potential.; - Immediate rental income from 2 occupied units.; - Opportunity for renovations and increased rent potential in the remaining units.
    (724) 327-0123
    Request Owner's contact information
    116 5Th Ave McKeesport, PA 15132
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 5Th Ave
    McKeesport, PA 15132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 5Th Ave McKeesport, PA 15132
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kenneth Presock
    Real Estate License ID: RS354579
    (724) 327-0123
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.