For Sale43d on market
71 Investment Package
Erie, PA, 16502 • 16502 • Erie County
$3,799,900
$56/sqft
Down payment assistance available
110Beds
68,288Sqft
3.5 acLot
Property DNA
See Remarks Style
See Remarks architecture
This home is getting attention
Listed 43 days ago · 223 views · 12 saves
Market activity
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
Selling Soon Prediction
ModerateThis home ranks in the top 48% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
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!
Estimated monthly payment
Based on current rates
$23,784/month
Principal & Interest$18,717
Property Tax$3,800
Insurance$1,267
Down payment20% ($759,980)
3%50%
Est. 6.25% rate · 30yr fixed · $3,039,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
HeatingSee Remarks
CoolingSee Remarks
ParkingNo Data
Days on Zillow43 Days
Price/sqft$56
Property
Home typeMulti Family
Sub-typeMulti Family
StyleSee Remarks
ConditionResale
Systems
HeatingSee Remarks
CoolingSee Remarks
RoofSee Remarks
ConstructionMixed
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot3.53 Acres
Location & Tax
Neighborhood16502
Annual tax$45,717
Parcel00000000.0000.00
Features & details
3 categories of property features
Interior Features
Heating
See Remarks
Cooling
See Remarks
Exterior Features
Construction
Mixed
Listing insights
Market data and value estimates
StatusFor Sale
Days on market43
Est. rent$1,636/mo
Tax rate1.52%
Price/sqft$56
On marketMar 3, 2026
PostedMar 3, 2026
MLS updatedMar 4, 2026
Tour days9
Views223
Favorites12
How are the schools in Erie?
3 schools rated nearby
Location
Erie, PA, 16502
Price history
1 event
DateEventPrice$/sqftSource
Mar 3, 2026Listed For Sale$3,799,900$56GEMLS
Listed For Sale$3,799,900
Mar 3, 2026•$56/sqft•GEMLS
Nearby homes
Neighborhood details
Local context around this listing
Erie, PA • Erie County
Nearby neighborhoods
Northwest HarborcreekWesleyville
Nearby cities
AlbionCorryEdinboroErieFairviewGirardLake CityNorth East
Nearby zip codes
16502165031650416505165061650716508165091651016511
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