Brick Two-Unit Residential
102 E 38TH Street Erie, PA 16504
For Sale
$219,900
MULTI_FAMILY - Other - Erie, PA
Property Size2,548 SF
Lot Size0.14 Acres
Price / SF$86.30
Days on Market9
Property Features for 102 E 38TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
Parking
4
Parking features
Garage
Standard status
Active
APN
18-053-055.0-122.00
Size
2,548 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4355
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Weichert Realtors - The Pro Group
(814) 825-7761
Listed By:
Sherri Heasley · License #RM048781A
(814) 449-7263
Added: Jul 20
Last Checked: Jul 28 at 10:06AM
MLS# 192152
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick two-unit residential property offers two separate living units with a range of updates and in-unit amenities. The home includes newer windows throughout, newer hot water tanks, updated electric panels from 1995, and washer/dryer facilities in the basement. Additional features include a decorative fireplace and a cedar closet. The detached two-car garage includes a newer garage door, and the property also includes appliances in the kitchens. A treated deck and fenced backyard provide outdoor space.
The property is located near the VA in Erie, Pennsylvania, at 102 E 38TH Street (16504). The current tenants are long term, with leases expiring May 31, 2027.
The lot measures approximately 0.1377 acres, and the property size is listed at 2,548 square feet.
The property is located near the VA in Erie, Pennsylvania, at 102 E 38TH Street (16504). The current tenants are long term, with leases expiring May 31, 2027.
The lot measures approximately 0.1377 acres, and the property size is listed at 2,548 square feet.
Key Highlights
- Brick two‑unit property built in 1950 with public water and public sewer
- Heating includes forced air and natural gas
- Two‑car detached garage with additional fenced backyard and treated deck
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.0k | $10.20 |
| − Vacancy | −$988 | −$0.39 |
| EGI | $25.0k | $9.81 |
| − OpEx | −$7.5k | −$2.94 |
| NOI | $17.5k | $6.87 |
2,548 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.0K
$218.8K – $291.7K
NOI $17,501 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$223.7K
$195.8K – $261.0K
NOI $15,660 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$632.1K
$553.1K – $737.5K
NOI $44,250 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Brick two-unit property features updated windows, two-car detached garage, and a fenced yard with treated deck.
Where is this duplex located?
The property is located at 102 E 38TH Street Erie, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Brick two‑unit property built in 1950 with public water and public sewer; Heating includes forced air and natural gas; Two‑car detached garage with additional fenced backyard and treated deck
