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517 Ridge Avenue Ave

Carnegie, PA 15106
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Bed 2

Bed

Bath 2

Bath

Acres0.39

Acre(Lot)

Set within the established community of Carnegie, 517 Ridge Avenue presents a fully leased multi-unit investment opportunity offering immediate cash flow and stable occupancy. The property is currently fully occupied by long-term tenants with leases in place through April 2027, creating a turnkey opportunity for investors seeking reliable rental income from day one. In addition to the two residential units, the detached garage is separately leased for storage use, providing an additional income-producing component. Constructed with a classic red brick exterior, the property combines timeless curb appeal with practical functionality and low-maintenance living spaces. A retaining wall creates the benefit of additional off-street parking, while covered outdoor areas—including a covered pat io for the lower unit and a covered porch for the upper unit—add tenant convenience and year-round usability. The lower unit features durable vinyl wood flooring throughout the main living spaces, an eat-in kitchen with ample cabinetry and included appliances, a spacious bedroom with double bifold closet, full bath, dedicated laundry room, and access to shared storage and utility space with exterior access and an additional half bath. The upper unit offers a bright and functional layout with a comfortable living area, spacious bedroom with in-unit laundry, full bath, and generously sized kitchen suitable for everyday living and long-term tenant retention. Mechanically, the property benefits from several important updates including a newer furnace and central air conditioning system servicing both residential units and a newer roof. Residential utilities are owner-paid, creating a simplified utility structure for tenants and ownership management. With multiple income streams, stable long-term tenancy, covered outdoor spaces, shared storage, off-street parking potential, and convenient access to shopping, dining, commuter routes, and downtown Pittsburgh, 517 Ridge Avenue presents a strong opportunity for investors seeking a well-positioned and income-producing asset in the Carnegie market.

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Detail Ic Property Details

Property Type : Residential

Price : $239,900

AD Id : 91349680

MLS Id : 1775074

Beds : 2

Lot Size : 0.39 Acre

Tax Amount : $2,519

Year Built : 1880

County : Allegheny-West

Subdivision: North Bay Village Condo

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 8
  • Flooring Information

    Vinyl, Carpet
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Cooktop

  • Building Information

    Year Built: 1880 Construction Materials: Brick Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 0.3864 Main Square Feet: 0.3864 Acres Lot Size Acres: 0.3864

    Property Information

    Subdivision: Orchard Park Source Property Type: Residential MLS Area Minor: Carnegie Property SubType: Single Family Residence Levels: Two Property Age: 146

  • Listing Price Information

    Listing Price: $239900

  • Tax Information

    Annual Tax: $2519

  • Location Information

    Direction: 376 - Exit 65 to Lydia Street. Left onto Chestnut. Right onto Ridge. Property on left. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13 Cypress Dr Dr, Carnegie, PA, 15106 $284,900 3 2 -- 0.23 Acre
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431 Noblestown Rd Rd, Carnegie, PA, 15106 $110,000 3 3 -- 0.13 Acre
2485 Greentree Rd, Carnegie, PA, 15106 $219,000 2 2 -- 0.34 Acre
845 Charles St St, Carnegie, PA, 15106 $179,900 3 2 -- 0.15 Acre
318 Academy St St, Carnegie, PA, 15106 $245,000 3 2 -- 0.22 Acre
507 Center St St, Carnegie, PA, 15106 $275,000 4 3 -- 0.06 Acre
443 Carothers Ave. Ave, Carnegie, PA, 15106 $169,000 4 2 -- 0.06 Acre
535 Justus Ave Ave, Carnegie, PA, 15106 $199,000 3 2 -- 0.24 Acre
319 1st Ave Ave, Carnegie, PA, 15106 $149,900 2 1 -- 0.03 Acre

West Penn MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than ByOwner may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Last Updated: 10/01/2026 @ 09:39

ByOwner last updated this listing 10/01/2026 @ 09:39

MLS: 1775074 LISTED BY: Pierre Khoury, BERKSHIRE HATHAWAY THE PREFERRED REALTY 724-776-3686 SOURCE: West Penn MultiList

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