Albion Triplex Investment
10576 & 10578 E WASHINGTON Street Albion, PA 16401
For Sale
$299,900
MULTI_FAMILY - Other - Albion, PA
Property Size2,908 SF
Lot Size0.40 Acres
Price / SF$103.13
Days on Market251
Property Features for 10576 & 10578 E WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
Parking
6
Standard status
Active
APN
04-008-055.0-003.00
Size
2,908 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2676
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Building materials
Brick, VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Edinboro
(814) 734-1144
Listed By:
Mark Hutchison · License #RS120117A
(814) 450-3389
Added: Nov 18, 2025
Changed: May 14
Last Checked: Jul 27 at 9:06AM
MLS# 188874
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 immaculate three-unit investment property features a duplex and a single-story home. It has a strong rental history and is situated on a large parcel of land. Off-street parking is available. The property is located in Albion, PA. The lot size is approximately 0.4017 acres. The total property size is 2908 square feet. Tenants are responsible for all utility payments.
Key Highlights
- Immaculate 3 unit investment property with a great rental history
- Large parcel of land
- Tenants pay all utilities
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 | $29.7k | $10.20 |
| − Vacancy | −$1.1k | −$0.39 |
| EGI | $28.5k | $9.81 |
| − OpEx | −$8.6k | −$2.94 |
| NOI | $20.0k | $6.87 |
2,908 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.3K
$249.7K – $332.9K
NOI $19,974 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.9K
NOI $17,872 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 16.84%
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?
Triplex - Immaculate three-unit property with strong rental history on large lot.
Where is this triplex located?
The property is located at 10576 & 10578 E WASHINGTON Street Albion, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Immaculate 3 unit investment property with a great rental history; Large parcel of land; Tenants pay all utilities
