517 Ridge Ave, Carnegie, PA

House

For Sale

Listed price in listed location currency (USD).

$239,900

223

MLS® 1775074

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage

Taxes $2,519

Days Active 4

Lot Size 0.3864 Acres

Approx. Age 1880

MLS® Number 1775074

Property Address: 517 Ridge Ave, Carnegie, PA, 15106-2747

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number1775074

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1880

Basement

DrivewayOff Street

Garage Spaces

Heat

A/C

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $189,000 and $266,000.

Similar properties in this area sold on average for: $189,593

Expected to sell in 49 days. Similar properties sold in 53 days. This home has been on Zoocasa for 4 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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