This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$269,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Don't miss this rare opportunity to own an updated 5-unit property delivering an impressive 11% cap rate. Each unit features separately metered utilities, with tenants responsible for all expenses-including water, gas, electric, and garbage. The building has been fully upgraded with brand new mechanicals throughout, minimizing maintenance and maximizing efficiency. Sitting on nearly 3/4 of an acre of land, the property includes a massive off-street parking lot and a private dumpster setup, adding convenience for both landlord and tenants. Whether you're looking to expand your portfolio or step into a high-performing asset, this one checks all the boxes.
Full Property Details
Full Property Details for 516 Fayette Ave
General
- Sold For: $269,000
- Taxes: $4,981
- Status: Closed
- Type: Multi-Family
- Source: West_Penn_MLS
- MLS ID: 1697156
- Added to Site: 274 day(s) ago
Parking
- Total Spaces: 12
- Parking Features: Common, Off Street
Location
- County: Westmoreland
- Driving Directions: USE GPS
School Information
- Elem School District: Belle Vernon Area
- Midd School District: Belle Vernon Area
- High School District: Belle Vernon Area
Community
- Units Assoc/Comm: 5
Utilities
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Basement: Yes
- Basement Desc.: Unfinished
Unit Information
- Vacancy %: 5
Lot Features
- Lot Size (Acres): 0.67
- Lot Dimensions: 263 x 66 x 265 x 65
- Zoning: C1
Financial Considerations
- Assessment Amount: $36,150
- Tax Amount: $4,981
Listing courtesy of Realty One Group Gold Standard
Sold courtesy of Realty One Group Gold Standard
Get Pre-Approved Today
Schools
Schools serving 516 Fayette Ave
School District:Belle Vernon Area School District
| Name | Grades | Distance |
|---|---|---|
Belle Vernon Area Middle School 500 Perry Avenue, Belle Vernon, PA 15012 | 7-8 | 1.5 mi |
Belle Vernon Area High School 425 Crest Avenue, Belle Vernon, PA 15012 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Fayette Ave
Date
Details
Price
Change
Source
9/05/2025
Sold
$269,000
-14.6%
MLS
6/07/2025
Price Reduced
$315,000
-3.08%
MLS
4/18/2025
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 Fayette Ave, Belle Vernon, PA 15012 (MLS# 1697156) is a Multi-Family property that was sold at $269,000 on September 05, 2025. Want to learn more about 516 Fayette Ave? Do you have questions about finding other Multi-Family real estate for sale in Belle Vernon? You can browse all Belle Vernon real estate or contact a Coldwell Banker agent to request more information.

