$1,749,900
PENDING

59-65 E Main St North East, PA 16428

Estimated payment $11,278/month

Total Views 2,250
44 Beds
40 Baths
24,004 Sq Ft
$73 Price per Sq Ft

About This Home

An extremely rare investment opportunity awaits in the heart of North East, PA - own this 22-unit turnkey package featuring 18 solid brick townhomes & a 4-unit building, all at 100% occupancy. Townhomes offer 2 beds, 1.5 baths, full basements w/laundry hookups, rear patios, & completely separate utilities - tenants pay 100% of their own water, sewer, garbage, gas, & electric. The 4-unit building features a mix of split/shared utilities. The well-maintained property includes parking lots w/abundant parking. Recent capital improvements include new roofs, gutters, downspouts, windows, & sewer line. Select units have received additional upgrades including new kitchens, baths, flooring, paint, & fixtures. Located in the charming Borough of NE, tenants enjoy proximity to top-rated schools, employers, & amenities. Owned by a PA-licensed broker, this fully stabilized asset delivers excellent cash flow with room to grow - an unmatched chance to expand your portfolio with quality & confidence.

Last Listed By

Jake Scheloske

Agresti Real Estate Brokerage Phone: (814) 449-7973 License #RS318016 Listed on: 05/05/2025

Agresti Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $17,811

Year Built

  • Built in 1974

Parking

  • 30 Parking Spaces

Home Design

  • 24,004 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 40 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 36-005-033.0-010.00

Community Details

Overview

  • 22 Units

Building Details

  • Insurance Expense $8,500
  • Maintenance Expense $10,599

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$17,811

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Townhouse
  • Directions: Take Route 89 to East on Route 20/Main St. Property on South Side of the Street right before you hit Blaine St. 59-65 E Main St, in the borough of NE.
  • Lot Size Acres: 1.043
  • Road Surface Type: Paved
  • Professional Management Expense: 10599.0
  • Attribution Contact: (814) 449-7973
  • Co List Office Phone: (814) 459-9400
  • MLS Status: Pending
  • Living Area: 24004.0
  • Year Built Details: Actual
  • Year Built: 1974
  • Tax Year: 2025
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Year Built: 1974

Interior Features

  • Total Bedrooms: 44
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Total Parking Spaces: 30.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Insurance Expense: 8500.0

Schools

  • Junior High Dist: North East

Lot Info

  • Parcel Number: 36-005-033.0-010.00
  • Lot Dimensions: 0x0x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 22
  • Number Of Units Total: 5
  • Maintenance Expense: 10599.0
  • Resident Manager Expense: 10599.0

Tax Info

  • Tax Annual Amount: 17811.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $17,868 $643,000 $102,200 $540,800
2024 $17,315 $643,000 $102,200 $540,800
2023 $16,531 $643,000 $102,200 $540,800
2022 $16,177 $643,000 $102,200 $540,800
2021 $16,004 $643,000 $102,200 $540,800
2020 $15,843 $643,000 $102,200 $540,800
2019 $15,843 $643,000 $102,200 $540,800
2018 $15,560 $643,000 $102,200 $540,800
2017 $15,393 $643,000 $102,200 $540,800
2016 $18,164 $643,000 $102,200 $540,800
2015 $18,003 $643,000 $102,200 $540,800
2014 $9,259 $643,000 $102,200 $540,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $1,749,900 -- $73 / Sq Ft
Source: Greater Erie Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $720,000 None Available
Warranty Deed $772,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $190,000 Unknown
Open $576,000 Commercial
Closed $160,000 Commercial
Previous Owner $680,000 Future Advance Clause Open End Mortgage
Previous Owner $651,450 Purchase Money Mortgage
Source: Public Records

Source: Greater Erie Board of REALTORS®

MLS Number: 183658

Greater Erie Board of REALTORS®

APN: 36-005-033.0-010.00

Pennsylvania Erie County North East 16428

59-65 E Main St, North East, PA

This home is located at 59-65 E Main St, North East, PA 16428 and is currently priced at $1,749,900, approximately $72 per square foot. This property was built in 1974. 59-65 E Main St is a home located in Erie County with nearby schools including Earle C. Davis Primary School, North East Intermediate Elementary School, and North East Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Erie Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Jake Scheloske
Listing Agent
Jake Scheloske
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Agresti Real Estate
(814) 256-4794