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!!**
Contact an agent
Home facts
- Listing ID #:184056
- Added:164 day(s) ago
- Updated:November 15, 2025 at 09:06 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)
New listings near 72 Unit Investment Package
- New
$175,000Active2 beds 1 baths2,268 sq. ft.5616 E Lake Road, Erie, PA 16511
MLS# 188829Listed by: HOWARD HANNA ERIE EAST - New
$294,900Active11 beds -- baths7,284 sq. ft.421-423 W 8th Street, Erie, PA 16502
MLS# 188833Listed by: RE/MAX LAKELAND REALTY - ERIE - New
$94,900Active5 beds -- baths1,760 sq. ft.421 W 16th Street, Erie, PA 16502
MLS# 188834Listed by: RE/MAX LAKELAND REALTY - ERIE - New
$549,900Active4 beds 3 baths2,736 sq. ft.5186 Walnut Ridge Drive, Erie, PA 16506
MLS# 188775Listed by: AGRESTI REAL ESTATE - Open Sun, 1 to 3pmNew
$439,900Active4 beds 4 baths2,344 sq. ft.2832 Madeira Drive, Erie, PA 16506
MLS# 188830Listed by: HOWARD HANNA ERIE SOUTHWEST - Open Sat, 1 to 3pmNew
$274,000Active3 beds 2 baths1,961 sq. ft.3825 Trask Avenue, Erie, PA 16508
MLS# 188825Listed by: HOWARD HANNA ERIE AIRPORT - New
$132,900Active3 beds 2 baths1,160 sq. ft.1909 Market Street, Erie, PA 16510
MLS# 188826Listed by: RE/MAX REAL ESTATE GROUP ERIE
$195,000Pending3 beds 1 baths1,232 sq. ft.4508 Homeland Boulevard, Erie, PA 16509
MLS# 188823Listed by: HOWARD HANNA ERIE SOUTHWEST- New
$189,900Active2 beds 1 baths1,955 sq. ft.7451 White Birch Lane, Erie, PA 16509
MLS# 188799Listed by: RE/MAX REAL ESTATE GROUP ERIE - New
$186,000Active3 beds 2 baths1,300 sq. ft.4123 Briggs Avenue, Erie, PA 16504
MLS# 188817Listed by: MARSHA MARSH RES PEACH