71 Unit Investment Package, Erie, PA 16502

Erie
Local realty services provided by:ERA Richmond Real Estate Service
71 Unit Investment Package,Erie, PA 16502
$3,799,900
  • 110 Beds
  • - Baths
  • 68,288 sq. ft.
  • Multi-family
  • Active
Listed by: jake scheloske
Office: agresti real estate
MLS#:189809
Source:PA_GEBR

Price summary

  • Price:$3,799,900
  • Price per sq. ft.:$55.65

About this home

This 71-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding $54,000/month and $655,000+ annually. With actual expenses at just $218,000, you’re netting over $437,000/year in NOI — that’s an 11.5+% cap rate, 27% cash-on-cash return, and a 1.89 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 be worth a lot more. Seize this grand slam opportunity today!

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Home facts

  • Listing ID #:189809
  • Added:65 day(s) ago
  • Updated:May 02, 2026 at 01:57 PM

Rooms and interior

  • Bedrooms:110
  • Living area:68,288 sq. ft.

Structure and exterior

  • Building area:68,288 sq. ft.
  • Lot area:3.53 Acres
  • Construction Materials:Mixed

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,799,900
  • Price per sq. ft.:$55.65
  • Tax amount:$45,717 (2025)

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