Mixed-Use Corner Retail and
1029 31 EAST Avenue Erie, PA 16503
For Sale
$329,900
MULTI_FAMILY - Other - Erie, PA
Property Size7,667 SF
Lot Size0.11 Acres
Price / SF$43.03
Days on Market115
Property Features for 1029 31 EAST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
8
Rooms
Bedroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 8
Parking
4
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
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1909
Floors in Building
2
Number of units
8
Building materials
Mixed
Roof type
Metal
Architectural style
Other
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Stephen Chiz · License #RS362944
(814) 882-3989
Added: Apr 6
Changed: Jul 29
Last Checked: Jul 29 at 5:06PM
MLS# 190291
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 fully leased mixed-use property includes two storefronts and six residential units, comprising four one-bedroom apartments and two efficiency units. Additional improvements feature a 30' x 40' warehouse, which can support added rental income, storage, or owner use.
The property is located in a commercial zoning district on a prominent corner, with convenient access to major roadways and public transportation.
With the storefront and residential mix, the building offers a diversified income profile while maintaining fully leased occupancy.
The property is located in a commercial zoning district on a prominent corner, with convenient access to major roadways and public transportation.
With the storefront and residential mix, the building offers a diversified income profile while maintaining fully leased occupancy.
Key Highlights
- Mixed‑use property built in 1909 with mixed construction materials, metal roof, forced‑air natural gas heat, and window A/C units
- Fully leased income property with reported 12% cap rate, 31% cash‑on‑cash, and 1.99 debt coverage ratio
- Income mix includes 2 storefronts plus 6 residential units: four 1‑bedroom apartments and two efficiency units
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased mixed-use property with two storefronts, six residential units, and a 30' x 40' warehouse.
Where is this apartment building 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: Mixed‑use property built in 1909 with mixed construction materials, metal roof, forced‑air natural gas heat, and window A/C units; Fully leased income property with reported 12% cap rate, 31% cash‑on‑cash, and 1.99 debt coverage ratio; Income mix includes 2 storefronts plus 6 residential units: four 1‑bedroom apartments and two efficiency units
