Mixed-Use Property with
For Sale
$329,900
1029 31 EAST Avenue, Erie, PA 16503
CommercialSale, Erie, PA
Property Size7,667 SF
Lot Size0.11 Acres
Price / SF$43.03
Days on Market175
Property Features for 1029 31 EAST Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
From downtown Erie, head east on E 12th St. Turn left onto East Ave. Property is on the right.
Subdivision
1 - Erie Northeast
Standard status
Active
APN
15-020-046.0-225.00
Size
7,667 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2967
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1909
Building materials
Mixed
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Stephen Chiz · License #RS362944
(814) 882-3989
Added: Apr 6
Changed: Aug 19
Last Checked: Sep 27 at 4:06AM
MLS# 190253
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 mixed-use property in Erie, Pennsylvania, contains 7,667 square feet within a 1909-built structure. The layout includes two storefronts, six residential units—four one-bedroom apartments and two efficiency units—and a separate 30' x 40' warehouse. Public water and public sewer serve the property.
The asset is fully leased and positioned on a prominent corner in a commercial zoning district at 1029 31 EAST Avenue. The location provides access to major roadways and public transportation. Financial metrics include a 12% cap rate, 31% cash-on-cash return, and a 1.99 debt coverage ratio. The warehouse can support rental, storage, or owner-use functions as part of the property's overall configuration.
The asset is fully leased and positioned on a prominent corner in a commercial zoning district at 1029 31 EAST Avenue. The location provides access to major roadways and public transportation. Financial metrics include a 12% cap rate, 31% cash-on-cash return, and a 1.99 debt coverage ratio. The warehouse can support rental, storage, or owner-use functions as part of the property's overall configuration.
Key Highlights
- 12% cap rate, 31% cash‑on‑cash, and 1.99 debt coverage ratio
- 7,667 square feet on a 0.1121‑acre lot
- Two storefronts and six residential units
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 16503, PA
15,328
Population
6,375
Households
2.4
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
6,387
Density / Sq Mi
$29,108
Median Household Income
$25,679
Median Earnings
$837
Median Rent
$55,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased asset combines storefront retail, residential units, and flexible warehouse space.
Where is this mixed-use property located?
The property is located at 1029 31 EAST Avenue Erie, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 12% cap rate, 31% cash‑on‑cash, and 1.99 debt coverage ratio; 7,667 square feet on a 0.1121‑acre lot; Two storefronts and six residential units
