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 Market60
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
Listed By:
John Marzullo · License #RS323468
(724) 948-0699
Source:
Crexi
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 16 at 8:33AM
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
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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 / Yr
$15,310
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
