4845 W Lake Road, Erie, PA 16505
Local realty services provided by:ERA Team VP Real Estate
4845 W Lake Road,Erie, PA 16505
$425,000
- - Beds
- 4 Baths
- 6,800 sq. ft.
- Multi-family
- Pending
Listed by: jake scheloske, adell lane
Office: agresti real estate
MLS#:188088
Source:PA_GEBR
Price summary
- Price:$425,000
- Price per sq. ft.:$62.5
About this home
Located along the sought-after Route 5 corridor in Northwest Millcreek Township, this 6,800± SF commercial property offers prime visibility, strong traffic exposure, and multiple income streams on a half-acre lot. The building includes 7 leased units plus an additional 8th unit previously owner-occupied, supported by 4 bathrooms and about 30 parking spaces in front and rear lots. A local church anchors the property, with additional suites leased to established businesses—creating stable, diversified rental income with room for growth through lease adjustments and full occupancy. Investors will value the reliable cash flow and tenant mix, while owner-users can offset occupancy costs with built-in income. With its premier location, flexible layout, and strong rental base, this is a turnkey investment or an ideal owner-occupied opportunity positioned for long-term upside.
Contact an agent
Home facts
- Year built:1974
- Listing ID #:188088
- Added:52 day(s) ago
- Updated:November 15, 2025 at 09:07 AM
Rooms and interior
- Total bathrooms:4
- Living area:6,800 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Composition
- Year built:1974
- Building area:6,800 sq. ft.
- Lot area:0.5 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$62.5
- Tax amount:$8,831 (2025)
New listings near 4845 W Lake Road
- 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