4845 W Lake Road, Erie, PA 16505

Erie
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

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1974
  • Listing ID #:188088
  • Added:161 day(s) ago
  • Updated:March 04, 2026 at 08:03 PM

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
  • Architectural Style:One Story
  • Construction Materials:Block, Cedar
  • Levels:1 Story

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