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Listed price in listed location currency (USD).
$1,200,000

4500

MLS® 188805

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 23690 sqft
Garage 
Taxes $12,486
Days Active 161
Lot Size 
Approx. Age 
Avg. Price Per Sqft $50
MLS® Number 188805

Property Address: 22 Unit Investment Package, Erie, PA, 16503

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number188805
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 12, 2025List Date
$1,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
22 , Erie, PA

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