3082 W 12th Street, Erie, PA 16505

Erie
Local realty services provided by:Team VP Real Estate
3082 W 12th Street,Erie, PA 16505
$1,299,900
  • 12 Beds
  • 14 Baths
  • 6,343 sq. ft.
  • Multi-family
  • Active
Listed by: jake scheloske
Office: agresti real estate
MLS#:192156
Source:PA_GEBR

Price summary

  • Price:$1,299,900
  • Price per sq. ft.:$204.93

About this home

Excellent 14-unit value-add opportunity in a prime Millcreek location near the Peninsula corridor! The property includes 2 buildings: a single-story 6-unit building & a two-story 8-unit building, with 12 one-bedroom apartments & 2 efficiencies. Current rents are well below market, creating substantial upside through strategic rent growth, improved management & potential coin-operated laundry income. Improvements include an approximately 12-year-old roof with 35+ year shingles, mostly newer windows & exterior doors, & two functional boilers operating together as one system. Additional land may offer future storage, parking, development or expansion potential, subject to approvals. Located minutes from Presque Isle State Park, Lake Erie beaches, Waldameer, Erie International Airport, shopping & dining. The highly desirable MU-2 Corridor Mixed Use zoning is a major advantage, offering broad flexibility and significant potential for future development, redevelopment or a change of use.

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Home facts

  • Year built:1960
  • Listing ID #:192156
  • Added:2 day(s) ago
  • Updated:July 29, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:14
  • Living area:6,343 sq. ft.

Heating and cooling

  • Heating:Gas, Hot Water

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:6,343 sq. ft.
  • Lot area:1.14 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Aluminum Siding, Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,299,900
  • Price per sq. ft.:$204.93
  • Tax amount:$8,989 (2026)

Parking

  • Total parking spaces:14

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