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$645,000

For Sale

9 hours ago

2930 Cherry Street, Erie, PA

House

MLS® 190499

12 Bed

7 Bath

6560 sqft

14 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6560 sqft
Garage 
Taxes $7,444
Days Active 0
Lot Size 
Approx. Age 1909
Avg. Price Per Sqft $98
MLS® Number 190499

Property Address: 2930 Cherry Street, Erie, PA, 16508

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

Description

6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals. 83% occupancy with excellent income history. $54, 615 annual income & $42, 040 net operating income (2025). Upside potential with below market rents. Unit mix: 911± SF office/storefront, 1 bed/1 bath apartment, 2 bed/1 bath apartment, 3 bed/1 bath single family home & two 3 bed/1 bath apartments. Off-street parking for ±14 with paved parking lot for ±9 and 2 private driveways plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70, 053 pro forma annual income - $57, 959 pro forma NOI. Offered at $645, 000 – 9.0% pro forma cap rate.
MLS® Number190499
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1909
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 4, 2026List Date
$645,000List Price
  • Commute

Commute

Starting Address
Destination Address
2930 Cherry Street, Erie, PA

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