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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    604 Versailles Ave McKeesport, PA 15132

    • Residential income homes
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2468012
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 604 Versailles Ave

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of two neighboring multifamily properties located at 604 and 620 Versailles Avenue in McKeesport, Pennsylvania, 15132. The portfolio consists of four buildings totaling 34 units, currently operating at 86% occupancy. 604 Versailles Avenue comprises three duplexes, each recently upgraded with new hot water tanks, furnaces, electrical service, and plumbing within the last five years. 620 Versailles Avenue features a 28-unit building, with four vacant units currently undergoing renovation, including the installation of luxury vinyl tile flooring, updated fixtures, and modern cabinetry. The remaining 24 occupied units at 620 Versailles Avenue have also received recent upgrades mirroring those at 604 Versailles Avenue. The properties boast a current NOI of $131,904, with a pro-forma NOI projected at $237,711, reflecting the significant value-add potential. This portfolio offers investors a chance to capitalize on the thriving McKeesport market, benefiting from its proximity to shopping, dining, and entertainment options. The properties are classified as Class B and are offered for sale as a package deal. The buildings are three stories high and sit on separate parcels. This is a rare opportunity to acquire a substantial multifamily portfolio in a growing Pennsylvania market. The properties are not subject to a ground lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McKeesport
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8591486
    Latitude
    40.3469776

    Comparable in this City

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      Remodeled Fourplex in McKeesport, PA

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    • $162,500

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      McKeesport Commercial Property For Sale

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      Versailles Boro Commercial Property

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      Mckeesport Multi-Family Investment Opportunity

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    Similar Nearby for Sale

    • $60,000
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      McKeesport Multifamily Investment Opportunity

      Five-unit multifamily property with value-add potential in McKeesport, PA.
      116 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
    • $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
    • 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
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    • $69,900

      Versailles Boro Commercial Property

      Prime location, adaptable space, great value.
      4804 Walnut St, McKeesport, PA 15132
      View Details
    • $425,000
      0.06 Acres

      Mckeesport Multi-Family Investment Opportunity

      Twelve bedrooms, five baths, huge potential.
      704 Market St, Mckeesport, PA 15132
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      627,455 SF

      McKeesport Industrial Mega-Space

      Massive industrial space, multiple tenants welcome.
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      11,244 SF

      Retail End-Cap Space Available

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      8,975 SF

      McKeesport Office Space Available

      Office space available for rent in McKeesport, Pennsylvania.
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      1,850 SF

      McKeesport Retail Space Available

      Retail space available for rent in McKeesport, Pennsylvania.
      3806-3812 Oneil Blvd, McKeesport, PA 15132
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    • Contact for pricing
      870 SF

      Community Center Retail Space Available

      Retail space in well-established community center on Route 48.
      4313 Walnut St, McKeesport, PA 15132
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    • Contact for pricing

      Land for Ground Lease

      Land available for ground lease or build-to-suit.
      Long Run Rd, McKeesport, PA 15132
      View Details
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    604 Versailles Ave
    McKeesport, PA 15132
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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
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