Address
517 Ridge Avenue, Carnegie, PA
Price
$ 239,900
Property Attributes
- MLS#1775074
- TypeSingle Family
- Listing Status Active
- CountyAllegheny-West
- CityCarnegie
- AreaCarnegie
- NeighborhoodOrchard Park
- Zip15106
- Style
- Year Built1880
- Taxes$ 2519
- Price$ 239,900
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Lot Size0.3864 Acres
Data Source:
West Penn MLS (WPMLS)
Property 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 patio 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.
| Price History | |
|---|---|
| 9/18/2026 | Listed $239,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Asphalt |
| Appliances | Some Electric Appliances,Stove |
| Architectural Style | Two Story |
| Construction Materials | Brick |
| Year Built | 1880 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Community Features | Public Transportation |
| County | Allegheny-West |
| Property Type | Residential |
| Subdivision Name | Orchard Park |
| Total Rooms | 8 |
| Full Baths | 2 |
| Status | Active |
| Directions | 376 - Exit 65 to Lydia Street. Left onto Chestnut. Right onto Ridge. Property on left. |
| City | Carnegie |
| High School District | Carlynton |
| Number Of Units Total | 3 |
| MLS Area | Carnegie |
| Lot Size Units | Acres |
| Tax Annual Amount | 2519 |
| Property Condition | Resale |
| MLS Area Minor | Carnegie |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Carlynton |
| Elementary School District | Carlynton |
| Tax Assessed Value | 58000 |
| Virtual Tour | https://tour.thepreferredrealty.com/517-Ridge-Avenue-PA-15106--1775074 |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Carnegie |
Interior Features
| Flooring | Vinyl,Carpet |
|---|---|
| Basement (Y/N) | false |
| Total Bedrooms | 2 |
| Total Baths | 2 |
Exterior Features
| Parking Features | Off Street |
|---|---|
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 0.3864 |
| Lot Dimensions | 0.3864 |
| Lot Size Acres | 0.3864 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 15106
Price
Taxes
Year Built
