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    908 Is Ave McKees Rocks, PA 15136

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    For Sale
    Contact for pricing

    76-unit multifamily value-add opportunity

    Property Features for 908 Is Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Buildings
    19
    Units
    76

    We can help!

    Listing Contact
    Bryan Mccann
    Bryan Mccann

    Listing Agency: Colliers - Pittsburgh, Pennsylvania Listing Agent: Bryan Mccann

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity encompasses a 76-unit multifamily portfolio situated across 19 buildings in McKees Rocks, Pennsylvania, Allegheny County, zip code 15136. The portfolio consists of single-family rental properties, classified as Class B, presenting a compelling value-add proposition. Currently generating a Net Operating Income (NOI) of $312,281, a pro-forma NOI of $331,972 projects significant upside potential. The properties are strategically located throughout McKees Rocks, many within walking distance of local shops, restaurants, and entertainment venues. This presents an investor with immediate scale in a high-barrier-to-entry market. The portfolio features a diverse range of unit types and unique characteristics. Many units offer significant potential for modernization and aesthetic improvements, allowing for increased rental income. Upgrades to fixtures, common areas, and exterior facades would further enhance the properties' appeal in a competitive rental market. McKees Rocks is experiencing revitalization, with an emerging arts and entertainment scene, business district improvements, and industrial development along the riverfront. Its proximity to downtown Pittsburgh and access to recreational opportunities, including parks and the Ohio River, contribute to its growing attractiveness. This portfolio offers a rare chance to capitalize on the upward trajectory of this dynamic neighborhood. The properties are spread across various addresses within McKees Rocks, including but not limited to 908 Island Ave, 629 Broadway Ave, 631 Broadway Ave, 711 Broadway Ave, and others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    McKees Rocks
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.06451865
    Latitude
    40.47484518

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    FAQs

    What type of property is this?
    Multifamily property - 76-unit multifamily value-add opportunity
    Where is this multifamily property located?
    The property is located at 908 Is Ave McKees Rocks, PA.
    What are key features of this property?
    This property features: McKees Rocks offers strong investment potential due to its revitalizing business district, burgeoning arts and entertainment scene, and riverfront industrial development, all within easy reach of downtown Pittsburgh.; McKees Rocks and Stowe Township are experiencing significant growth, attracting new residents and businesses.; A thriving arts and entertainment scene is anchored by venues like The Parkway Theater, Rocks Landing, The Roxian Theater, and Father Ryan Arts Center.
    (412) 535-8050 Call to check price and availability
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    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
    908 Is Ave McKees Rocks, PA 15136
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryan Mccann
    Bryan Mccann
    Real Estate License ID: RS338595
    (412) 535-8050
    Learn more
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