4845 W Lake Road, Erie, PA 16505

Local realty services provided by:ERA Richmond Real Estate Service
4845 W Lake Road,Erie, PA 16505
$425,000
  • - Beds
  • 4 Baths
  • 6,800 sq. ft.
  • Multi-family
  • Active
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.

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Home facts

  • Year built:1974
  • Listing ID #:188088
  • Added:114 day(s) ago
  • Updated:January 10, 2026 at 02:09 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)

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