Residential Income Property with
201 FRONT Street Warren, PA 16365
201 FRONT Street, Warren, PA, 16365
$699,000
For Sale
$699,000
MULTI_FAMILY - Other - Warren, PA
Property Size6,646 SF
Price / SF$105.18
Days on Market21
Property Features for 201 FRONT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2
- Standard status
- Active
- APN
- 00-000-000.0-000.00
- Size
- 6,646 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3584
- Expense value
- 15000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Well
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Mixed
- Roof type
- Metal, Rubber
- Architectural style
- Other
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Bob List · License #RS367057
(814) 504-8087
Added: Jun 29 Checked: Jul 19 at 2:06 am
MLS# 191788
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.
This for-sale package includes two parcels: 201 Front Street and 5 1/2 Oakview Road, combining flexible residential space with a dedicated event-ready area. The main home at 201 Front Street offers three bedrooms and three full bathrooms, with updated living spaces designed for everyday use and hosting. Onsite, a downstairs venue space has been recently remodeled and includes a waterfall feature, a stone fireplace, and two bathrooms to support gatherings or private events.
Both parcels are described as offering waterfront views in Warren, Pennsylvania, giving the property a scenic backdrop across multiple usable areas. The structure of the package also provides separation between the main residence and the additional home on the second parcel.
The layout can fit buyers seeking more than a single home, with a three-bedroom, three-bath residence plus a separate one-bedroom, one-bath home at 5 1/2 Oakview Road for additional privacy and flexibility. The presence of a remodeled venue level with dedicated restrooms makes the property particularly workable for tenants or operators looking for a residence-and-event combination, with any event or rental use subject to applicable approvals.
Both parcels are described as offering waterfront views in Warren, Pennsylvania, giving the property a scenic backdrop across multiple usable areas. The structure of the package also provides separation between the main residence and the additional home on the second parcel.
The layout can fit buyers seeking more than a single home, with a three-bedroom, three-bath residence plus a separate one-bedroom, one-bath home at 5 1/2 Oakview Road for additional privacy and flexibility. The presence of a remodeled venue level with dedicated restrooms makes the property particularly workable for tenants or operators looking for a residence-and-event combination, with any event or rental use subject to applicable approvals.
Key Highlights
- Waterfront property in Warren, PA with two parcels: 201 Front Street and 5 1/2 Oakview Road
- 201 Front Street: 3 bedrooms and 3 full bathrooms with living/entertaining/guest space
- Downstairs venue space at 201 Front Street was recently remodeled and includes a waterfall, stone fireplace, and 2 bathrooms
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 | $104.5k | $15.72 |
| − Vacancy | −$6.8k | −$1.02 |
| EGI | $97.7k | $14.70 |
| − OpEx | −$44.0k | −$6.61 |
| NOI | $53.7k | $8.08 |
6,646 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,746 @ 7.0% cap · market cap 14.70%
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
FAQs
What type of property is this?
Single family property - Two connected homes with waterfront views and a remodeled downstairs venue space with waterfall, fireplace, and two bathrooms.
Where is this single family property located?
The property is located at 201 FRONT Street Warren, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Waterfront property in Warren, PA with two parcels: 201 Front Street and 5 1/2 Oakview Road; 201 Front Street: 3 bedrooms and 3 full bathrooms with living/entertaining/guest space; Downstairs venue space at 201 Front Street was recently remodeled and includes a waterfall, stone fireplace, and 2 bathrooms
