516 Ridge Avenue, East Pittsburgh, PA 15112

Local realty services provided by:ERA Lechner & Associates, Inc.
516 Ridge Avenue,E Pittsburgh, PA 15112
$220,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:susan kaczorek
Office:re/max select realty
MLS#:1723464
Source:PA_WPN

Price summary

  • Price:$220,000

About this home

Fantastic three-unit brick building situated on a double-level lot, offering room for potential off-street parking or a tenant outdoor space. The first-floor unit features three bedrooms, while the second floor offers both a one-bedroom and a two-bedroom unit. The owner has remodeled the units with updated flooring and fresh paint, creating clean and move-in-ready spaces. Each unit has separate utilities, including three heating boilers, hot water tanks, and three electric/water meters. Age of mechanics vary with some recently updated. Current rents are estimated based on past performance, with potential to explore Section 8 for higher returns. This is a solid brick property in a convenient location. The current owner has maintained it well, with recent updates including roof resealing (2025), upgraded electrical, plumbing, and more. Don't miss out on this money maker that once rented will produce a solid cap rate for your investment portfolio.

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Home facts

  • Year built:1920
  • Listing ID #:1723464
  • Added:1 day(s) ago
  • Updated:September 30, 2025 at 10:01 PM

Structure and exterior

  • Roof:Asphalt
  • Year built:1920
  • Lot area:0.11 Acres

Finances and disclosures

  • Price:$220,000
  • Tax amount:$2,560
MLS LogoLast Updated September 30, 2025. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.