72 Unit Investment Package, Erie, PA 16502

Local realty services provided by:ERA Richmond Real Estate Service
72 Unit Investment Package,Erie, PA 16502
$3,799,900
  • 116 Beds
  • - Baths
  • 69,588 sq. ft.
  • Multi-family
  • Pending
Listed by: jake scheloske
Office: agresti real estate
MLS#:184056
Source:PA_GEBR

Price summary

  • Price:$3,799,900
  • Price per sq. ft.:$54.61

About this home

This 72-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding \$52,000/month and \$630,000+ annually. With actual expenses at just \$211,000, you’re netting over \$419,000/year in NOI — that’s an 11% cap rate, 22% cash-on-cash return, and a 1.74 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 bring \$4M+. Seize this grand slam opportunity today! **MOST EXTERIOR PICS DATED, UPDATING NEW EXTERIOR PICS TOMORROW!!**

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Home facts

  • Listing ID #:184056
  • Added:227 day(s) ago
  • Updated:December 17, 2025 at 10:04 AM

Rooms and interior

  • Bedrooms:116
  • Living area:69,588 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Building area:69,588 sq. ft.
  • Lot area:3.69 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,799,900
  • Price per sq. ft.:$54.61
  • Tax amount:$49,385 (2025)

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