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$200,000
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Property Description
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.
Full Property Details
Full Property Details for 516 Ridge Ave
General
- Sold For: $200,000
- Taxes: $2,560
- Status: Closed
- Type: Triplex
- Source: West_Penn_MLS
- MLS ID: 1723464
- Added to Site: 109 day(s) ago
Location
- County: Allegheny-East
- Driving Directions: Ridge
School Information
- Elem School District: Woodland Hills
- Midd School District: Woodland Hills
- High School District: Woodland Hills
Community
- Units Assoc/Comm: 3
Utilities
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.115
- Lot Dimensions: 55 x 100
- Zoning: mul
Financial Considerations
- Assessment Amount: $55,200
- Tax Amount: $2,560
Listing courtesy of Re/Max Select Realty
Sold courtesy of Re/Max Realty Brokers
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Schools
Schools serving 516 Ridge Ave
School District:Woodland Hills School District
| Name | Grades | Distance |
|---|---|---|
Woodland Hills Senior High School 2550 Greensburg Pike, Pittsburgh, PA 15221 | 9-12 | 2.7 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 Ridge Ave
Date
Details
Price
Change
Source
12/09/2025
Sold
$200,000
—
MLS
10/23/2025
Price Reduced
$200,000
-9.09%
MLS
9/30/2025
Listed
$220,000
—
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 Ridge Avenue, East Pittsburgh, PA 15112 (MLS# 1723464) is a Triplex property that was sold at $200,000 on December 09, 2025. Want to learn more about 516 Ridge Avenue? Do you have questions about finding other Triplex real estate for sale in East Pittsburgh? You can browse all East Pittsburgh real estate or contact a Coldwell Banker agent to request more information.

