517 Ridge Avenue, Carnegie, PA 15106
Local realty services provided by:ERA Johnson Real Estate, Inc.
Listed by: pierre khoury
Office: berkshire hathaway the preferred realty
MLS#:1775074
Source:PA_WPN
Price summary
- Price:$239,900
About this home
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....
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Home facts
- Year built:1880
- Subdivision & Development:Orchard Park
- Listing ID #:1775074
- Added:3 day(s) ago
- Updated:September 22, 2026 at 10:14 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Flooring:Carpet, Vinyl
- Kitchen Description:Stove
Structure and exterior
- Roof:Asphalt
- Year built:1880
- Lot area:0.39 Acres
- Construction Materials:Brick
Utilities
- Water:Public
Finances and disclosures
- Price:$239,900
- Tax amount:$2,519
Features and amenities
- Amenities:Some Electric Appliances
Parking
- Total parking spaces:3
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