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Erie, PA, 16502 • 16502 • Erie County
$56/sqft
Down payment assistance available
110Beds
68,288Sqft
3.5 acLot
See Remarks Style
See Remarks architecture
This home is getting attention
Listed 43 days ago · 223 views · 12 saves
Demand and pricing signals for this listing
223 views
People checking out this listing
12 saves
Buyers have saved this home
43 days on market
Established listing
$56/sqft
Price per square foot
This home ranks in the top 48% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family
This 71-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding $54,000/month and $655,000+ annually. With actual expenses at just $218,000, you’re netting over $437,000/year in NOI — that’s an 11.5+% cap rate, 27% cash-on-cash return, and a 1.89 DSCR. The well-maintained properties include a mix of multi-units (9, 5, 4, 3, and several 2-units) and single-family homes spread throughout NW, NE, SW, and SE Erie. Step into a fully operational business with an experienced property manager in place, handling leasing, maintenance, lawn care, and more. Seller-owned for years and now retiring — don’t miss this chance to buy instant equity and own a high-performing, turn-key investment. If sold separately, the package could be worth a lot more. Seize this grand slam opportunity today!
Based on current rates
Est. 6.25% rate · 30yr fixed · $3,039,920 loan
Full calculator →Key facts and listing details
3 categories of property features
Market data and value estimates
3 schools rated nearby
Erie, PA, 16502
1 event
Local context around this listing
Erie, PA • Erie County
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