Investment Opportunity! Fully occupied triplex in desirable Millcreek Township, conveniently located just minutes from Peach Street with easy access to shopping, restaurants, entertainment, and everyday amenities. Situated on a large corner lot, this income-producing property offers ample off-street parking for tenants and guests. Each unit is occupied, providing immediate cash flow, and tenants enjoy the convenience of laundry hookups. The property features one 1-bedroom apartment and two 2-bedroom apartments, with tenants paying electric and gas while the owner covers water and sewer. Whether you're looking to expand your investment portfolio or purchase your first multifamily property, this well-located, turnkey investment offers strong rental history and long-term potential.
4-Unit, mixed-use investment package for sale. Comprised of 2 contiguous parcels totaling 4,850± SF on 0.12± acres with 1 commercial unit & 3 residential rentals. 50% occupancy with excellent income history. $35,445 annual income & $26,522 net operating income based on 2025; offered at $360,000 – 7.4% actual cap rate. Upside potential with below market rents. $46,113 pro forma annual income - $37,773 pro forma NOI – 10.5% pro forma cap rate. Unit mix includes 911± SF office/storefront, one 1 bedroom/1 bathroom apartment, one 2 bedroom/1 bathroom apartment & one 3 bedroom/1 bathroom single family home. Off-street parking for ±11 with paved parking lot for ±9 & private driveway plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School. Near Peach Street’s retail/service corridor & multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie.
Excellent 14-unit value-add opportunity in a prime Millcreek location near the Peninsula corridor! The property includes 2 buildings: a single-story 6-unit building & a two-story 8-unit building, with 12 one-bedroom apartments & 2 efficiencies. Current rents are well below market, creating substantial upside through strategic rent growth, improved management & potential coin-operated laundry income. Improvements include an approximately 12-year-old roof with 35+ year shingles, mostly newer windows & exterior doors, & two functional boilers operating together as one system. Additional land may offer future storage, parking, development or expansion potential, subject to approvals. Located minutes from Presque Isle State Park, Lake Erie beaches, Waldameer, Erie International Airport, shopping & dining. The highly desirable MU-2 Corridor Mixed Use zoning is a major advantage, offering broad flexibility and significant potential for future development, redevelopment or a change of use.
Fully occupied 2-unit investment property centrally located. Off Street parking in the back of the property. This property has been well maintained and is ready for its next owner. Strong cash flow opportunity, or live in one unit and have the other unit pay the mortgage. Call today for more information.
Welcome to the home of your dreams with an income stream. Situated on just under an acre, this expansive property features a spacious main residence, a detached two-car garage, and an updated duplex, providing an excellent opportunity for rental income or multi-generational living. The primary home offers generous living space, an updated kitchen, a spacious living room, a third-level panoramic vista with beautiful lake views, and a detached 2-car garage with utilities. Located at the rear of the property, a duplex offers flexibility and additional income potential. The lower-level apartment has 2 bedrooms and 1 bathroom, while the upper-level apartment has 3 bedrooms and 1 bathroom. With nearly an acre of land, multiple living spaces, a detached garage, and panoramic lake views, this property offers a rare combination of residential comfort and income-producing potential. This rare and versatile property is ready to welcome its next owner!
This 2-unit property is ideal for first-time buyers looking to offset their mortgage or investors ready to add a solid income producer to their portfolio. First-Floor Unit: Completely move-in ready! Features 2 bedrooms, a spacious living room, dining room, eat-in kitchen, and a bonus large storage area. Perfect for an owner-occupant or immediate occupancy. Second-Floor Unit: Features 2 bedrooms, a living room, eat-in kitchen, and 1 full bathroom. Livable as-is, with great upside potential to increase rental yield through a simple kitchen update over time. Outside, enjoy off-street parking with your own dedicated driveway and a generous backyard—a rare find for multi-family living! Live on one floor while the other helps pay your bills, or rent both out for strong cash flow. Schedule your tour today!
9-unit income-producing property featuring 2 apartments and 7 sleeping rooms, plus plenty of off-street parking and a vacant lot next to the house, referred to as 435 West 4th St. (parcel #: 17-040-014.0-215.00) Apt. #1 rents for $850/month and has separate gas and electric paid by tenant. Located on the 1st floor, it offers 1 bedroom, with potential for a 2nd bedroom by using the living room as many do, plus full kitchen, full bath, dining room, living room, laundry hookups in the basement, and possible basement bedroom/half bath. Heat is high-efficiency natural gas forced air. Apt. #2 rents for $600/month with separate gas/electric paid by tenant and includes 1 large bedroom, large living room, large kitchen, full bath, and high-efficiency natural gas forced-air heat. The 7 sleeping rooms share a common kitchen and full bathroom, with all utilities included in rent. Sleeping rooms have updated electric and high-efficiency natural gas hot water heat.
Mobile home park and rooming house investment opportunity on 1.23 acres, offering multiple income streams and strong value-add potential. The property includes 18 mobile home pads, 10 rental rooms, and 1 apartment, creating a diverse tenant mix and solid occupancy. This asset offers immediate cash flow with room for future income growth through operational improvements and rent increases. The newer 24' x 48' x 12' garage provides additional utility and may be ideal for a small business, vehicle storage, or equipment use. Off-street parking adds convenience and functionality. Conveniently located near major roadways and area amenities, this is a rare opportunity to acquire a mixed-use residential investment with strong returns and long-term upside.
Place to store your Stuff !!! Attention Investors. A two Unit with a two-car detached garage with attic storage. Centrally located and ideal for all of your in-town property supplies and furnishings. Long concrete driveway for 8 plus parking spaces. Two 2-bedroom units. One tenant has been there for over 10 years. Relaxing bright balcony porch. Roomy living room and dining room and kitchen in each unit.
Multi-use corner property in the center of the City of Erie. The NW corner of State Street and 26th is for sale! The main building has 3 units, which are currently being used as 1,2 and a 3 bedroom apartments. The first floor was once a showroom. The parking lot to the West is also included. This sale includes a single family home to the North which has 4 beds, 1 bath and private parking. This unique piece has many uses depending on your needs. 4 total parcels included and must be sold together.
Solid brick 2-story property situated on a corner lot with rear concrete driveway parking. Currently used as a single-family home, this property offers flexibility and the potential to be converted back to a 2-unit multi-family property. Features include covered front porches on both the first and second floors, front and side entries, and a layout that may work well for an owner-occupant, investor, or buyer looking for additional future possibilities. Conveniently located across from a couple convenience stores and gas stations, with nearby schools and easy highway access and has a solid structure, character, and investment potential for the right buyer.
Solid brick duplex offering 2,640 square feet of living space with two spacious 3-bedroom, 1-bath units. This income-producing property features a detached garage and separate water, gas, and electric meters for each unit, allowing tenants to pay all utilities, helping keep owner expenses low. A great opportunity for investors looking to add a well-maintained, low-maintenance multifamily property to their portfolio.
Call Rich for showings! Showings Monday - Friday only No weekend showings 24 hour notice required. Possible student rentals - 4 up, 4 down. Garage can also be rented.
Turnkey 10 unit investment opportunity directly across from Saint Vincent Hospital! This FULLY furnished short-term rental portfolio has been completely renovated inside and out, including gutters, roofs, decks, covered front porch, electrical, plumbing, appliances, select windows and more. Sold fully furnished with furniture, linens, towels, pillows, blankets, etc. Seller is willing to assist with transferring existing bookings for a seamless transition. Ideal for traveling nurses/medical professionals, hospital visitors or for those looking to experience the beauty of Erie’s Peninsula. All 10 units + 4 Buildings are located on the same block. Minutes from Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, UPMC Hamot, I-90, I-79, and Erie Insurance. Looking to buy an established business that doesn’t need to start from scratch? You've found it! Buy today and start generating income from day one with the current bookings!
Add this cash-flowing triplex to your portfolio today! This fully occupied 3-unit property offers immediate rental income with separate electric service, public water and sewer, gas forced-air heat, and low-maintenance ownership. Situated on a generous 60' x 135' lot, the property features approximately 2,292 square feet, balconies for tenants, and a convenient Erie location. Whether you're a first-time investor or looking to expand your portfolio, this turnkey property offers strong income potential and long-term value. Schedule your showing today!
Unlock instant cash flow with this fully occupied three-unit property in West Erie, perfect for investors seeking immediate returns. Sold as-is, this property offers a unique opportunity for an owner to add their personal touch and increase value through renovations. Each unit is currently rented, providing a solid investment base. Don't miss out on this chance to enhance your portfolio with a property ripe for TLC and upgrades, generating $2025 in rental income every month.
This multi-unit property offers spacious layouts, and convenient access to downtown Erie, schools, public transportation, and shopping and local amenities. Ideal for investors seeking cash-flow or owner-occupants looking to offset expenses with rental income. A great addition to any investment portfolio.
Investment opportunity in Erie! This well located 3-unit property features desirable mix of 2 and 1 bed units. Offering strong rental appeal and income potential. Conveniently located near downtown, bayfront attractions, shopping and public transportations plus schools and major employers. Whether you are looking to expand your portfolio or begin investing this one is for you!
This 2-unit is great portfolio addition for a season investor or beginner. This home is worth a look, start making profit from day one. Also, a great opportunity to live in a unit and rent the other one.
Very welcoming large 3 bedroom apartments, recently rennovated with new kitchen and bathrooms..Both feature new windows, flooring, fresh paint throughout yet retaining the old world charm which is sure to impress prospective tenants. Move in ready! Live in one unit and rent the other! This home has it all. A private backyard with stone pathway, a two car garage. Electric s been recently upgraded by Dobrich including recessed lighting in the kitchens, New cabinetry features self closing drawers . Truly a great home. Come see for yourself. OPEN HOUSE sATURDAY MAY23 FROM 12 UNTIL 2. STOP BY!
Nice 2 Unit Flat with great rental history. Each unit has 2 bedrooms, living room, dining room, and kitchen. Each unit is constructed with a front and a back entrance as well as entrance to the basement with washer and dryer hook-ups for each unit. There is also off sreet parking to fit 2-3 cars. Some updates include new hot water tanks, interior painting and some plumbing fixtures to name a few. Each unit has 1 year lease in place and 1 unit has a long term tenant. Close to parks, schools, transportation, and convenience shopping.
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.
Positioned in the heart of downtown Erie, this exceptional mixed-use property presents a rare opportunity to own a fully revitalized asset rich in character and income potential. Registered in the National Registry of Historic Buildings, the property offers access to valuable grants and tax incentives, enhancing long-term returns. Thoughtfully redeveloped in 2021, the building blends historic charm with modern updates throughout. The property features six total units, including two established retail tenants on the first floor, providing immediate cash flow and strong street presence. Upper levels offer move-in ready space ideal for office or residential use, along with additional square footage ready for build-out—creating significant upside for added value. Ideal for investors or owner-operators seeking a turnkey opportunity with expansion potential in a prime downtown location.
This property offers a strong investment opportunity! Fully occupied property consisting of two residential units and one commercial unit. The first-floor unit offers two bedrooms, an eat-in kitchen, living room with decorative fireplace, and enclosed porch. The recently updated second-floor unit includes an eat-in kitchen and both units feature updated windows. The two-story garage provides storage, a half bath, and overhead door access. ALL units have separate utilities.
Welcome to 914 Hess Ave! Well-maintained duplex offering an excellent opportunity for investors or owner-occupants. This solid property features two separate units, each with 2 bedrooms, providing flexible living and rental options. Recent updates include a new roof installed within the last year and newer siding, offering peace of mind and reduced maintenance costs. Whether you’re looking to expand your rental portfolio or live in one unit while generating income from the other, this property checks the boxes. Convenient layout, strong income potential, and long-term value make this a smart addition to any strategy. Schedule your showing today.
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.
