Active

517 Ridge Avenue Ave

Carnegie, PA 15106

$239,900 $1,011/Mo

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Overview

Bed

Bath

0.39

Acre(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $239,900

AD Id : 82912660

MLS Id : 1754448

Lot Size : 0.39 Acre

Year Built : 1880

County : Allegheny-West

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Asphalt
Interior Features

Roof: Asphalt

Building Information

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

Lot Information

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

Listing Price Information

Listing Price: $239900

Tax Information

Annual Tax: $2519

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 3 Off Street

Utility Information

Electricity Available
Location Information

Direction: 376 - Exit 65 to Lydia Street. Left onto Chestnut. Right onto Ridge. Property on left.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
732 Idlewood Ave Ave, Carnegie, PA, 15106	$349,900	--	--	--
656 Dow Avenue Ave, Carnegie, PA, 15106	$339,900	--	--	--
344 Plum Street, Carnegie, PA, 15106	$190,000	--	--	--
1213-1215 Washington Av.., Carnegie, PA, 15106	$110,000	--	--	--
620 Carothers Ave Ave, Carnegie, PA, 15106	$334,000	--	--	--
517 Carothers Ave Ave, Carnegie, PA, 15106	$179,000	--	--	--
301 1st Avenue, Carnegie, PA, 15106	$240,000	--	--	--

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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: 06/15/2026 @ 08:03

ByOwner last updated this listing 06/15/2026 @ 08:03

MLS: 1754448 LISTED BY: Pierre Khoury, BERKSHIRE HATHAWAY THE PREFERRED REALTY 724-776-3686 SOURCE: West Penn MultiList