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    1247 Buffalo Rd Erie, PA 16503

    For Sale
    $69,900

    MULTI_FAMILY - Erie, PA

    Property size:
    2,336 SF
    Lot size:
    0.10 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 1247 Buffalo Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    18-051-001.0-210.00
    Parking
    4
    Size
    2,336 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Expense value
    1000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1913
    Number of units
    2
    Building materials
    VinylSiding
    Roof type
    Composition

    Agresti Real Estate (814) 459-9400 [email protected]

    Listing agent Jake Scheloske (814) 449-7973 License #RS318016

    Listing date Sep 9, 2025

    MLS# 187852 Listing URL

    Copyright © 2025 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.

    Overview

    Erie Investment Property Opportunity

    This two-unit property presents an opportunity for investment. Each unit features 2 bedrooms and 1 full bathroom. All utilities are split between the units. A finished bonus room in the basement provides extra living space, suitable for a home office or recreation area. Additionally, there is a dedicated work room for tools, hobbies, or storage. The property includes a backyard patio and off-street parking. Recent updates include a new back roof (1 year old), updated electric throughout the home including the panels, and a brand-new back deck and stairs. The property is situated on a 0.0964-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.047955
    Latitude
    42.126913

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with updated utilities, bonus room, and off-street parking.
    Where is this duplex located?
    The property is located at 1247 Buffalo Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - Income-generating 2-unit property with split utilities.; - Recent updates: new back roof (1 year old), updated electric, brand-new back deck and stairs.; - Each unit features **2 spacious bedrooms and 1 full bath**.
    (814) 449-7973
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1247 Buffalo Rd Erie, PA 16503
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