22 Unit Investment Package, Erie, PA 16503

Local realty services provided by:ERA Richmond Real Estate Service
22 Unit Investment Package,Erie, PA 16503
$1,200,000
  • 45 Beds
  • - Baths
  • 23,690 sq. ft.
  • Multi-family
  • Active
Listed by: natasha chiz
Office: agresti real estate
MLS#:188805
Source:PA_GEBR

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$50.65

About this home

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.

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Home facts

  • Listing ID #:188805
  • Added:36 day(s) ago
  • Updated:December 17, 2025 at 06:04 PM

Rooms and interior

  • Bedrooms:45
  • Living area:23,690 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Building area:23,690 sq. ft.
  • Lot area:0.65 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$50.65
  • Tax amount:$12,486 (2025)

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