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    Turn-Key Mixed-Use Property Title is generated by Realmo AI

    501 Glenwood Avenue, Ambridge, PA 15003

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    For Sale
    $385,000

    Turn-key mixed-use building with renovated apartments and a newly renovated retail storefront, all 100% occupied.

    Type:Multi-Unit / Other
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:32 am

    Property Features for 501 Glenwood Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi-Unit / Other

    Building Details

    Year Built
    1904

    We can help!

    Listing Contact
    Pilar Meyer
    Pilar Meyer

    Listing agent Pilar Meyer License #RS323452

    Listing office Compass

    Listing date Jun 2, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass

    HighLights

    • 100% occupied mixed‑use property in Ambridge with renovated residential units and a newly renovated retail storefront
    • Includes 2 renovated 2‑bedroom residential units with Mitsubishi mini‑split heating and cooling
    • Unit 501R: all new windows, new LVP flooring, newer bedroom carpet, washer/dryer setup, and basement storage
    • Unit 503: newly remodeled 2‑bedroom, 1.5‑bath with new kitchen cabinets and lighting, plus washer/dryer setup and patio
    • Retail storefront on 501 Glenwood is newly renovated with a partial bathroom and a basement storage room
    • Also features a 1‑chair barber shop, 2 garages, and an unfin basement; asphalt roof; built in 1904

    Overview

    This turn-key mixed-use portfolio is 100% occupied and combines renovated residential units with commercial space. It includes two newly renovated 2-bedroom units, identified as Unit 501R and Unit 503. Unit 501R features new windows, new LVP flooring, newer bedroom carpeting, custom window treatments, and Mitsubishi mini-split heating and cooling; a washer/dryer setup and storage are provided in the basement. Unit 503 is newly remodeled with new kitchen cabinets and lighting, hardwood floors on the main level, a carpeted upper level, a kitchen island with a butcher block top, and a private patio, with additional basement storage and a washer/dryer setup. Both units include kitchen appliances and Mitsubishi mini-split heating and cooling.

    The commercial component includes a newly renovated retail storefront at 501 Glenwood with a partial bathroom and basement storage. The portfolio also includes a 1-chair barber shop and two garages. The property is described as being in the heart of Ambridge and is convenient to Route 65, public transportation, and local dining and shopping.

    For tenants and buyers, the mix supports both residential and storefront use within a single ownership structure, with in-unit climate control via Mitsubishi mini-splits and laundry and storage provided through the basement areas. The retail space includes on-site back-of-house support through a basement storage room, while the garages and barber shop configuration add additional utility to the overall package.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ambridge
    County
    Beaver
    State
    Pennsylvania
    Longitude
    -80.2248863
    Latitude
    40.5858485

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    FAQs

    What type of property is this?
    Mixed-use property - Turn-key mixed-use building with renovated apartments and a newly renovated retail storefront, all 100% occupied.
    Where is this mixed-use property located?
    The property is located at 501 Glenwood Avenue Ambridge, PA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: 100% occupied mixed‑use property in Ambridge with renovated residential units and a newly renovated retail storefront; Includes 2 renovated 2‑bedroom residential units with Mitsubishi mini‑split heating and cooling; Unit 501R: all new windows, new LVP flooring, newer bedroom carpet, washer/dryer setup, and basement storage
    (412) 605-8294
    We can help!
    Listing Contact
    Pilar Meyer
    Pilar Meyer
    Real Estate License ID: RS323452
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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