179 Kelso Dr Erie, PA 16505
Millcreek NeighborhoodEstimated payment $4,460/month
Highlights
- Lake Front
- 2.5 Car Attached Garage
- Forced Air Heating and Cooling System
About This Home
This Airbnb gem near Kelso Beach is the investment opportunity you’ve been waiting for—with a *projected 20% cap rate* and no fluff in the numbers. Located in Millcreek’s Limited Lodging Overlay District, this fully renovated property offers private beach access, is steps from Waldameer, and just 2 minutes from Presque Isle. Featuring 7 rentable units (including a 5-unit building with office + separate house), off-street parking, 2.5-car garage, and a private lot. Renovations include new kitchens, baths, windows, metal roof, and more. At $200/night over just 180 days, gross income hits $216K, with expenses accounted for. Schedule your tour today!
Listing Agent
Agresti Real Estate Brokerage Phone: (814) 449-7973 License #RS318016 Listed on: 04/10/2025
Co-Listing Agent
Agresti Real Estate Brokerage Phone: (814) 449-7973 License #RS333371
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,997
Year Built
- Built in 1983
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 92x112x0x0
- Lake Front
- Property fronts a private road
Parking
- 2.5 Car Attached Garage
Home Design
- Metal Siding
- Vinyl Siding
Interior Spaces
- 8,592 Sq Ft Home
- 2-Story Property
- Lake Views
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 33-007-019.0-253.01
Community Details
Overview
- 7 Units
Building Details
- Insurance Expense $3,000
- Maintenance Expense $10,800
- Water Sewer Expense $8,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,997 | $254,609 | $32,700 | $221,909 |
| 2024 | $6,814 | $254,609 | $32,700 | $221,909 |
| 2023 | $4,199 | $166,200 | $32,700 | $133,500 |
| 2022 | $4,035 | $166,200 | $32,700 | $133,500 |
| 2021 | $3,991 | $166,200 | $32,700 | $133,500 |
| 2020 | $3,950 | $166,200 | $32,700 | $133,500 |
| 2019 | $3,884 | $166,200 | $32,700 | $133,500 |
| 2018 | $3,788 | $166,200 | $32,700 | $133,500 |
| 2017 | $3,780 | $166,200 | $32,700 | $133,500 |
| 2016 | $4,447 | $166,200 | $32,700 | $133,500 |
| 2015 | $4,406 | $166,200 | $32,700 | $133,500 |
| 2014 | $1,410 | $166,200 | $32,700 | $133,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | Price Changed | $699,900 | -6.7% | $81 / Sq Ft |
| 04/10/2025 04/10/25 | For Sale | $750,000 | -- | $87 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,900,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $150,000 | Unknown |
Source: Greater Erie Board of REALTORS®
MLS Number: 182307
APN: 33-007-019.0-253.01
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