Residential Income Fixer with
181 ROBISON Road W Erie, PA 16509
MULTI_FAMILY - Other - Erie, PA
Property size:
1,824 SFLot size:
1.04 AcresPrice / SF:
$76/SF- Added:
- Jul 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 181 ROBISON Road W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- 40-014-086.0-006.00
- Size
- 1,824 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2692
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Caleb Kowalczyk License #RS364924 (814) 873-7793
Listing office eXp Realty - Meadville 965 S Main St, Pittsburgh, PA (888) 397-7352
Listing date Jul 1, 2026
MLS# 191821
Listing URL
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.
The property is an income-oriented residential structure in need of work and updates. It features hardwood floors in the bedroom and family room that may be reconfigured during renovation, along with a massive 21x21 living room with a wood-burning fireplace and access to a deck overlooking a private backyard. The primary bedroom is described as very large and includes walkout access plus a half bath. Exterior improvements include a black metal roof covering the entire home, and the property is accompanied by a shed. A small stream is also noted on the west side of the property.
The site includes approximately 1.043 acres and is located in Erie County, with access described as minutes from I-90, I-79, and Peach Street shopping and restaurants, as well as Perry Highway.
For buyers seeking a value-add renovation, the current layout is described as convertible to a 3-bedroom, 2.5-bath configuration. The seller also characterizes the asset as suitable for a fix-and-flip strategy. The listing is offered on a cash-only basis, reflecting the property’s current condition.
The site includes approximately 1.043 acres and is located in Erie County, with access described as minutes from I-90, I-79, and Peach Street shopping and restaurants, as well as Perry Highway.
For buyers seeking a value-add renovation, the current layout is described as convertible to a 3-bedroom, 2.5-bath configuration. The seller also characterizes the asset as suitable for a fix-and-flip strategy. The listing is offered on a cash-only basis, reflecting the property’s current condition.
Key Highlights
- 21x21 living room with wood burning fireplace and access to the deck overlooking a private backyard
- Original structure with hardwood floors in the bedroom and family room that can be converted into a third bedroom
- Large primary bedroom with walkout access and a half bath
Local Financial Insights For Apartment 5plus
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 | $21.2k | $11.64 |
| − Vacancy | −$849 | −$0.47 |
| EGI | $20.4k | $11.17 |
| − OpEx | −$9.2k | −$5.03 |
| NOI | $11.2k | $6.15 |
1,824 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$160.1K
$140.1K – $186.8K
NOI $11,210 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.5K
$396.0K – $527.9K
NOI $31,676 @ 7.0% cap · market cap 22.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - A cash-only residential income property with a large living room, wood-burning fireplace, deck, and private backyard features.
Where is this single family property located?
The property is located at 181 ROBISON Road W Erie, PA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 21x21 living room with wood burning fireplace and access to the deck overlooking a private backyard; Original structure with hardwood floors in the bedroom and family room that can be converted into a third bedroom; Large primary bedroom with walkout access and a half bath
