Three-unit investment property located in a convenient area close to shopping, dining, and major amenities. The property consists of a two-unit duplex situated at the front of the parcel and a separate single-family residence located at the rear, all on one deeded parcel. Each unit features on-site laundry, and gas and electric utilities are separately metered and paid by the tenants. The owner currently pays for water, sewer, and garbage services. The property presents a solid income-producing opportunity with potential for future rent adjustments, subject to market conditions. Ideal for investors seeking a multi-unit asset with strong fundamentals. Schedule a showing to explore the potential this property offers.
Perfect opportunity to own this 2-unit investment property in Erie's West Bayfront neighborhood. Each unit is 3 bedrooms with full bath and basement access for each unit. New metal roof and front porch, and updated electrical services. Completely separated gas, electric, and water utilities. Tons of off-street parking with the extra deep lot. Add this property to your portfolio, or perfect for owner occupied investor. First floor unit has a wheelchair ramp that stays with the property.
Don’t wait on this opportunity. This is a fully remodeled 3,000 square foot home. At 112/sq ft it is priced to sell. Stunning and fully renovated, this spacious home offers over 3,100 square feet of beautifully finished living space just minutes from Center City Erie. Every detail has been thoughtfully updated with top-quality materials and craftsmanship, blending modern style with timeless comfort. The layout features a designer kitchen with high-end appliances and elegant countertops, flowing seamlessly into large living and dining areas perfect for entertaining. Generously sized bedrooms and updated baths provide space and flexibility for families, guests, or short-term rental opportunities. This home is ideal as a luxurious personal residence or an income-generating Airbnb as it is currently being used. Additional finished living spaces have been added making this a home or investment for generations.
Fully occupied Northeast Erie Duplex located near a public park. Good rental history.
Owner has totally redone this property from top to bottom. Granite counter tops, stainless steel appliances, brand new floorinhg throughout. Ceramic flooring, , new windows, interior freshly redone, outside exterior freshly redone. Whole new look. Perfect two bedroom units. desirable rental units!
Take advantage of this wonderful opportunity to add to your investment portfolio in Erie! This unique property has 2 full size brick buildings that have the old construction charm to them. They also have original hardwood floors throughout. The first building is 1500sq ft with 3 beds, 1 bath and a full basement. It has a gas fireplace, a new roof in 2019 and a new furnace as of 2021. The second building was used most recently as a private art studio. It's a full 2 stories with 2600 sqft to use and has 2 separate entrances. There is a kitchen on the 2nd level and a bathroom. You can easily modify this one to a multi unit building by itself. It has a full basement and some plumbing set up to do a bathroom down there as well. Rents and expenses are fully estimated as the property is currently vacant. The potential for this property to be a great profitable investment is high. With some modifications it can easliy be a 3 or 4 unit investment. 1yr HSA Warranty is included!
Welcome to a rare mixed-use investment opportunity located in the heart of Erie’s bustling commercial corridor. With over 28,000 square feet of space ready for your vision, this high-exposure property is ideal for retail, redevelopment, or creative adaptive reuse. The ground floor features three retail storefronts along high-traffic State Street. One storefront is turnkey and ready to open, the second is partially built out, and the third offers a blank canvas for customization. Each offers street presence, signage opportunity, and solid foot traffic. Added functionality includes a roll-up garage door and ramp access, perfect for indoor parking, deliveries, or future flex space use. Upstairs, the building houses several former apartments waiting to be brought back to life—whether as market-rate housing, short-term rentals, or ???. The structure, scale, and location offer unlimited potential for the visionary investor or entrepreneur. Make your mark in Erie’s downtown resurgence.
A RARE OPPORTUNITY TO OWN A 2 UNIT INVESTMENT PROPERTY JUST STEPS AWAY FROM LAKE ERIE. THIS BEAUTIFULLY POSITIONED UNIT HAS YEAR AROUND ACCESS TO THE WATER. THE OPEN CONCEPT LIVING IN THE 2ND UNIT CREATES AN IDEAL SETTING FOR ENTERTAINING WHILE THE KITCHEN CONNECTS SEEMLESSLY TO BOTH INDOOR AND OUTDOOR SPACES. ENJOY YOUR MORNING WALKS ON THE BEACH OR LAUNCH YOUR KAYAKS AND PADDLEBOARDS STEPS AWAY FROM YOUR RESIDENCE
Potential cash cow for the right investor willing to put in the work. 2 separate houses on 1 lot. Rear house has 2 bedrooms, 1 bath, and needs a full renovation. Front house needs some love as well but has a long term well paying tenant in place. Water is set up that it would be fairly easy to get separated and have both tenants start paying those bills. Roll up your sleeves and see the money start coming in! Could also make for a good owner occupied situation as well. Currently professionally managed, and manager would consider staying on for the new owner.
Great opportunity to add this solid duplex to your rental portfolio. Both units have been remodeled during ownership with the downstairs just being complete and rented the beginning of 2025. Fully occupied and ready to go. Garage in the back is currently boarded up and unusable, but could be fixed up for additional income. Unfortunately no FHA or VA financing will be considered on this property.
Seller's investment strategy is changing, allowing for this huge opportunity for the next willing and able investor! For the investor willing to put in the work this is a fantastic building to create amazing cashflow and add a legacy building property to their portfolio. 2 of the vacant units just need a cosmetic uplift. One is stripped down to the bones and ready for your vision. Could be a 2-3 bedroom apartment, or turned into a commercial space. 2 occupied and 2 vacant are going to need a good bit of work. If you have the vision and means, this will be an amazing property that does not come available often! Walking distance to Gannon University, and everything downtown Erie has to offer. Being offered at a projected 14.5 cap with real world management in place. Currently professionally managed, and manager willing to stay on for the next owner. Sale also includes 2 lots 16030025020300 and 16030025020900
This 22-unit investment portfolio with an additional vacant parcel is a high yield opportunity delivering real cash flow and strong returns. With an annual rent roll of $197,700 and expenses of just $51,465, the portfolio produces a solid NOI of $144,783, translating to an 12% cap rate, 28% cash-on-cash return, and 1.89 DSCR. The properties include a mix of 2, 3, 4, and 5-unit buildings across NE Erie, offering a balanced spread of units and steady occupancy. Strong in place performance with clear potential to further increase income and long-term value. Don’t miss your chance to own this income-producing portfolio.
2-unit, Investment property with great rental income. The second unit has been renovated Recently. Each unit is 3 bedrooms, 1 bath. Newer furnace and hot water tank in the 2nd floor unit. This property includes the vacant lot next door This is a nice opportunity to own your home while having your mortgage paid by tenant.
Tenant Occupied. Great Rental History. Spacious Kitchen. Off Street Parking.
Great opportunity and a great location with this fully occupied 2 unit!
Well-maintained duplex in the heart of Erie offering an excellent investment or owner-occupant opportunity. Each two-story unit features separate utilities, its own driveway and garage, private yard, washer and dryer access, and a full basement. One unit is currently occupied, generating immediate rental income, while the second unit remains vacant and is ready for an owner-occupant or new tenant. Conveniently located near shopping, schools, and major amenities, this property delivers flexibility, functionality, and strong income potential—a solid addition to any investment portfolio. Schedule your private showing today!
Don't miss your chance to add this very nice duplex on a quiet street to your portfolio. Being offered at a 15% cap rate, this property is perfect for the 1st time, or long term investor. All 1st floor living, and spacious units would also make this a great owner occupied property. Current owner has decided to change investment strategies creating this perfect opportunity. Water service have been separated with 2 meters so tenants pay all utilities. Owner is just responsible for landscaping.
One or more photos were virtually decluttered. Owner retiring after 54 years of business! Take advantage of this EXTREMELY LIMITED, grandfathered business opportunity! 3-parcel package in Harborcreek! 4704 E Lake includes a well-established, turn-key gentleman‘s club (business & real estate), boasting countless rooms & bathrooms, bar area, all furniture, ATM, and a semi-equipped/inspected kitchen. Additionally, the left side of the building is rented to a retail angler store! 4720 E Lake features a tenant-occupied 3-bay service garage and detail shop. 4730 E Lake is a modern building previously used as a car wash with a 1-bedroom tenant-occupied apartment on the second floor. All long-term tenants! Ample parking and a good amount of frontage on E Lake! RARE, instant investment! 8 photos are virtually decluttered & marked accordingly in description.
Nicely maintained two unit property with long term tenants. First floor unit has laundry in the main living space and an enclosed porch area. Basement access through the first floor unit only. Two separate driveways for convenient off street parking. Nice yard!
This 2 unit investment property is located in Erie’s Historic East Bayfront. Property is 100% occupied. The second floor unit has been completely remodeled with new cabinets, fixtures, flooring, etc. The first floor unit has a long-term tenant in place, but will need some cosmetic work in the future. The gas and electric is separately metered. Tenants are responsible for paying all utilities - Gas, Electric, Water, Sewer, & Trash. Don't miss the opportunity to add this one to your portfolio!
Fantastic turnkey investment opportunity! From top to bottom, both units have been totally renovated with new everything, including flooring, walls, paint, roof, kitchens with granite counter tops, baths, windows, doors, metal roof, plumbing, HVAC duct work, and electric. The first floor is a spacious 4-bedroom with a large open floor plan. The second-floor unit is 3 bedrooms and 2 baths with real tile and stone shower, LVP, skylights and real hardwood flooring. The cathedral ceilings add to the open feel of the living space and master bedroom. Huge fenced in back yard. Add this property to your portfolio or perfect for owner-occupant, and let your tenants pay your mortgage!
Well-maintained and fully occupied duplex offering a total of 4 bedrooms and recent updates. Each unit provides comfortable living space with a functional layout. Conveniently located near schools, parks, and local amenities. Owner occupy or invest for immediate cash flow.
Amazing duplex in HC. Each unit is split level design. 2 bedrooms, kitchen, living room, full bath upper and family room, laundry and 1/2 bath lower level. Each unit has 1 car garage. Long term tenant reflects below market rents. South unit recently vacated by long term tenant. Rear balconies, rear patios, Roof replaced 2019. AC units replaced 202 and 2014. Incredible Opportunity.
Excellent opportunity to own a solid 2-unit investment property! Each unit offers 2 spacious bedrooms and 1 full bath, perfect for tenants or extended family. All utilities are split, making this an ideal setup for landlords looking to simplify billing. The property includes a finished bonus room in the basement—great for extra living space, a home office, or a recreation area. There’s also a dedicated work room for all your tools, hobbies, or storage needs. Step outside to enjoy the patio in the backyard, ideal for relaxing or entertaining. Off-street parking adds convenience and appeal for tenants. Recent updates include a new back roof(1 year old), updated electric throughout the home including the panels, and a brand-new back deck and stairs. Whether you're looking to expand your portfolio or live in one unit and rent the other, this property checks all the boxes. Don't miss out on this well-maintained, income-generating opportunity!
Solid brick building with off-street parking situated on an oversized lot. The property features updated electric panels, a dry basement with shared coin-operated laundry, and recent roof improvements. One unit will be available at the end of September, while the remaining three units are fully occupied. Making this a fantastic investment opportunity with current income and future growth potential.
Erie is located in Pennsylvania. Erie, Pennsylvania has a population of 95,536. Erie is less family-centric than the surrounding county with 20.75% of the households containing married families with children. The county average for households married with children is 25.97%.
The median household income in Erie, Pennsylvania is $40,201. The median household income for the surrounding county is $55,949 compared to the national median of $69,021. The median age of people living in Erie is 35.1 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 44.1 inches per year, with 101.4 inches of snow per year.
