$1,200,000

22 Unit Investment Package Erie, PA 16503

East Bayfront Neighborhood

Estimated payment $7,366/month

Total Views 2,264
45 Beds
-- Bath
23,690 Sq Ft
$51 Price per Sq Ft

Highlights

  • 0.65 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Kosciuszko Park - Roman Blaszyck Field

About This Home

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.

Listing Agent

Natasha LeGrange

Agresti Real Estate Brokerage Phone: (440) 789-9215 License #AB069555 Listed on: 11/12/2025

Agresti Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,486

Lot Details

  • 0.65 Acre Lot

Interior Spaces

  • 45 Bedrooms
  • 23,690 Sq Ft Home

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 22 Units

Building Details

  • Insurance Expense $4,820
  • Maintenance Expense $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,486

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: No Directions. This is a 22 unit listing with 9 different addresses.
  • Lot Size Acres: 0.65
  • Road Surface Type: Paved
  • Attribution Contact: (440) 789-9215
  • Co List Office Phone: (814) 459-9400
  • MLS Status: Active
  • Architectural Style: See Remarks
  • Living Area: 23690.0
  • Year Built Details: Unknown
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Total Bedrooms: 45

Exterior Features

  • Construction Type: Mixed

Utilities

  • Cooling: See Remarks
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Insurance Expense: 4820.0

Schools

  • Junior High Dist: City-Erie

Lot Info

  • Parcel Number: 00-000-000.0-000.00
  • Lot Dimensions: 0x0x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential

Multi Family

  • Number Of Units In Community: 22
  • Maintenance Expense: 11000.0

Tax Info

  • Tax Annual Amount: 12486.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 For Sale $1,200,000 -- $51 / Sq Ft
Source: Greater Erie Board of REALTORS®

Source: Greater Erie Board of REALTORS®

MLS Number: 188805

Greater Erie Board of REALTORS®
Pennsylvania Erie County Erie 16503 East Bayfront

22 Unit Investment Package, Erie, PA

For Sale

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Listing Agent
Natasha LeGrange
Section Image
Agresti Real Estate
(582) 207-8493