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215 219 E 9 Th Avenue

$975,000

215 East 9th Avenue, Homestead, PA 15120

Active
Last Updated: 01/29/2025

8.2

Cap Rate

15,000 sqft

Building Size

Details:
Cap Rate:    8.2%
Building Size:    15,000 sqft
Lot Area:    8,800 acres
Occupancy:    90%
Units:    23
Description:

2 Building 23 unit apartment building located in Homestead, PA for Sale. Located two blocks away from Pittsburgh's first Mixed Use entertainment and retail development, (The Waterfront) located on the site of the famous Homestead Steel Works Site. Located 7 miles Southeast of Downtown Pittsburgh. The property offers the investor a stabilized investment property with the potential of value add in a market with new development and the opportunity of enhanced NOI performance with unit upgrades.


Homestead, Pennsylvania, is a historic borough located along the Monongahela River, just southeast of Pittsburgh. Known for its rich industrial past, it was once the site of the famous Homestead Steel Works, playing a crucial role in America's steel industry. Today, the area is a blend of residential neighborhoods and commercial development, including the popular Waterfront shopping and entertainment complex. Despite its industrial decline, Homestead has seen revitalization efforts, preserving its historical significance while adapting to modern needs.

Map:
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215-219 E 9TH AVENUE BROCHURE
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215-219 E 9TH AVENUE OM
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Location
Gallery