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.
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 15112, PA
Last updated October 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
85.7%
12.0% MoM
Median sale price
$59,969
$31 MoM
Avg. days on market
192d
53 days MoM
Recently sold homes
1
2 MoM
Provided by Redfin
Sale history for 516 Ridge Ave
Date
Event
Price
West Penn MLS #1723464
Dec 11, 2025
Pending
—
Dec 9, 2025
Sold
$200,000
Nov 23, 2025
Delisted
—
Oct 28, 2025
Contingent
—
Oct 23, 2025
Price Changed
$200,000
Oct 23, 2025
Relisted
—
Oct 16, 2025
Contingent
—
Sep 30, 2025
Listed
$220,000
West Penn MLS #830790
Jun 28, 2010
Listed
$110,000
Super Investment! Well Maintained Tri-Plex, Good Rental History, Roof-13Yrs, Separate Utilities & Laundrys, Tenants pay Own Util, Section 8 Approved & Inspected, 2 Furn - 4 Yrs, Newer Elec boxes, Outside Service Line & Wall, on Double Fenced Yd
West Penn MLS #148962
Jul 23, 1997
Sold
$32,500
Feb 19, 1997
Listed
$44,900
GREAT INVESTMENT! FRESHLY PAINTED, NEWER WINDOWS, LARGE ROOMS, EASY TO SHOW!!!! $1000 BONUS VACANT
Year
Property tax
Land + Additions
Assessment*
2026
$2,719 (+6.2%)
$4,000 + $51,200
$55,200
2025
$2,560 (+3.8%)
$4,000 + $51,200
$55,200
2024
$2,466 (−1.1%)
$4,000 + $51,200
$55,200
2023
$2,494
$4,000 + $51,200
$55,200
2022
$2,494
$4,000 + $51,200
$55,200
2021
$2,494 (+2.0%)
$4,000 + $51,200
$55,200
2020
$2,445 (+1.7%)
$4,000 + $51,200
$55,200
2019
$2,403
$4,000 + $51,200
$55,200
2018
$2,403
$4,000 + $51,200
$55,200
2017
$2,402 (+6.7%)
$4,000 + $51,200
$55,200
2015
$2,251
$4,000 + $51,200
$55,200
Tax history for 516 Ridge Ave
Year
Property tax
Land + Additions
Assessment*
2026
$2,719 (+6.2%)
$4,000 + $51,200
$55,200
2025
$2,560 (+3.8%)
$4,000 + $51,200
$55,200
2024
$2,466 (−1.1%)
$4,000 + $51,200
$55,200
2023
$2,494
$4,000 + $51,200
$55,200
2022
$2,494
$4,000 + $51,200
$55,200
2021
$2,494 (+2.0%)
$4,000 + $51,200
$55,200
2020
$2,445 (+1.7%)
$4,000 + $51,200
$55,200
2019
$2,403
$4,000 + $51,200
$55,200
2018
$2,403
$4,000 + $51,200
$55,200
2017
$2,402 (+6.7%)
$4,000 + $51,200
$55,200
2015
$2,251
$4,000 + $51,200
$55,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
5,000 Sq. Ft.
Year renovated
—
Sq. Ft.
2,540
Year built
1925
Style
Multi-Family (2-4 Unit)
County
Allegheny County
APN
0375L00043000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 20, 2026.
Property details
Interior
Virtual Tour
Room Information
Has Basement
Basement Information: Full
Multi Unit Information
# Of Units Total: 3
# Of Units In Community: 3
Multi Unit Financial Information
Gross Income: $30,600
Insurance Expense: $1,500
Unit Type 1
# of Bedrooms: 3
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Unit Type 2
# of Bedrooms: 2
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Unit Type 3
# of Bedrooms: 1
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Exterior
Building Information
Roof Details: Asphalt
Construction Details: Brick
Lot Information
Lot Size Area: 0.115
Lot Size Acres: 0.115
Lot Size Dimensions: 55x100
Zoning: mul
Zoning Description: mul
Financial
Assessments and Fees
Assessed Value: $55,200
Tax Information
Annual Tax Amount: $2,560
Utilities
Utility Information
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Location
Community Information
Community Features: Public Transportation
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 2,540
Stories: 2.0
Lot Size: 5,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1925
Year Renovated: —
County: Allegheny County
APN: 0375L00043000000
Home facts updated by county records on Oct 20, 2026
Around this home
Schools
K - 12
Preschool & daycare
Wilkins El School
Public PreK-5 • Assigned • 2.3mi
3/10
Woodland Hills Senior High School
Public 9-12 • Assigned • 2.7mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 18 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
East Pittsburgh, PA • 15112
Average low and high temperatures (°F)
32
17
40
24
59
37
68
46
70
51
81
62
85
67
81
60
78
56
64
45
53
37
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8 hours in
June and 2.2 hours in December, placing it below the
U.S. average for solar exposure.
8 hrs
2.2 hrs
JuneDecember
Provided by Shadowmap
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