Two-Unit Residential
For Sale
Contact for pricing
322 Atlantic Avenue, McKeesport, PA 15132
Residential income property with two separate units and an as-is sale structure.
Property Size1,801 SF
Price / SF$111.05
Days on Market12
Property Features for 322 Atlantic Avenue
General Information
Standard status
Active
Size
1,801 SF
Property subtype
Multifamily
Zoning
Res
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1913
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Compass - Pittsburgh
(724) 948-0699
Listed By:
John Marzullo · License #RS323468
Source:
Crexi
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Pittsburgh
Investment Insights
Based on property information with market context.
This two-unit residential property at 322 Atlantic Avenue provides a duplex configuration with separate living spaces within approximately 1,801 SF. Constructed in 1913, the building is being offered in as-is condition, allowing the next owner to evaluate and shape the property according to their plans.
The McKeesport location places the property near local transit, neighborhood amenities, and regional employment centers. Its two-unit layout supports multiple occupancy approaches, including leasing both units or combining personal residence with rental use.
The McKeesport location places the property near local transit, neighborhood amenities, and regional employment centers. Its two-unit layout supports multiple occupancy approaches, including leasing both units or combining personal residence with rental use.
Key Highlights
- Two‑unit duplex configuration
- Approximately 1,801 SF of property size
- Built in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$306,200
$306.2K
Cap Rate 7%
$218,714
$218.7K
Cap Rate 9%
$170,111
$170.1K
Market Conditions
NOI Build-Up for 1,801 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.1K $12.84/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$21.9K $12.14/SF
− OpEx
−$6.6K −$3.64/SF
NOI
$15.3K $8.50/SF
Area
Allegheny County, PA
Vacancy
5.42%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$306,200
Cap Rate 7%
$218,714
Cap Rate 9%
$170,111
Alternative Uses
Best Use
Multifamily LT 5
$218.7K
$191.4K – $255.2K
NOI $15,310 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$200.2K
$175.1K – $233.5K
NOI $14,011 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$458.7K
$401.4K – $535.2K
NOI $32,112 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 15132, PA
19,418
Population
10,511
Households
1.8
Avg Household Size
42
Median Age
12%
College-Educated
87%
High-School Grad
5.6 sq mi
ZIP Area
3,468
Density / Sq Mi
$32,170
Median Household Income
$29,827
Median Earnings
$791
Median Rent
$71,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two separate units and an as-is sale structure.
Where is this duplex located?
The property is located at 322 Atlantic Avenue McKeesport, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 1,801 SF of property size; Built in 1913
