Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    22 Unit Investment Package Erie, PA 16503

    For Sale
    $1,200,000

    MULTI_FAMILY - Erie, PA

    Property size:
    23,690 SF
    Lot size:
    0.65 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 22 Unit Investment Package

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 8, Bedroom 26, Bedroom 10, Bedroom 21, Bedroom 41, Bedroom 1, Bedroom 18, Bedroom 17, Bedroom 27, Bedroom 13, Bedroom 31, Bedroom 36, Bedroom 39, Bedroom 6, Bedroom 15, Bedroom 40, Bedroom 45, Bedroom 9, Bedroom 37, Bedroom 38, Bedroom 22, Bedroom 25, Bedroom 20, Bedroom 32, Bedroom 29, Bedroom 34, Bedroom 44, Bedroom 43, Bedroom 23, Bedroom 12, Bedroom 16, Bedroom 30, Bedroom 28, Bedroom 7, Bedroom 4, Bedroom 19, Bedroom 24, Bedroom 35, Bedroom 42, Bedroom 33, Bedroom 14, Bedroom 2, Bedroom 11, Bedroom 5, Bedroom 3
    Bedrooms
    45
    APN
    00-000-000.0-000.00
    Size
    23,690 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Expense value
    25000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

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

    Building Details

    Building materials
    Mixed

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

    Listing agent Natasha Chiz (440) 789-9215 License #AB069555

    Listing date Nov 13, 2025

    MLS# 188805 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 Multifamily Investment Portfolio

    This 22-unit investment portfolio, accompanied by an additional vacant parcel, presents a high-yield opportunity. The portfolio generates an annual rent roll of $197,700 against expenses of $51,465, resulting in a net operating income (NOI) of $144,783. This translates to a 12% cap rate, a 28% cash-on-cash return, and a 1.89 debt service coverage ratio (DSCR). The properties, situated across NE Erie, include a mix of 2, 3, 4, and 5-unit buildings, providing a balanced unit spread and consistent occupancy. The property has a size of 23690 square feet and sits on a lot of 0.65 acres. The portfolio demonstrates strong in-place performance with potential for increased income and long-term value.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0612
    Latitude
    42.1275

    Nearby Similar for Sale

    • New
      $149,900
      4,144 SF

      Erie Multifamily Investment Opportunity

      Two buildings with potential for multi-unit conversion.
      631 Parade St, Erie, PA 16503
      View Details
    • New
      $149,900
      4,144 SF

      Erie Commercial Opportunity: Two Buildings

      Two buildings near Gannon University, Erie Insurance, and Hamot Hospital.
      631 Parade St, Erie, PA 16503
      View Details
    • $425,000
      Pending

      Route 5 Commercial Property

      Commercial property with multiple income streams in Millcreek Township.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $425,000
      Pending

      Erie Commercial Property on Route 5

      Prime commercial property on Route 5 with income-producing units.
      4845 W Lake Rd, Erie, PA 16505
      View Details
    • $1,500,000
      Pending

      Turnkey Golf Course and Restaurant

      182+ acre golf course and restaurant with lake views.
      3730 Harbor Ridge Trl, Erie, PA 16510
      View Details
    • $3,799,900
      Pending

      72-Unit Investment Portfolio in Erie

      Cash-flowing investment opportunity with high cap rate and cash return.
      72 Unit Investment Package, Erie, PA 16502
      View Details

    FAQs

    What type of property is this?
    Apartment building - 22-unit portfolio with high yield and strong returns.
    Where is this apartment building located?
    The property is located at 22 Unit Investment Package Erie, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High yield investment opportunity with a **12% cap rate** and **28% cash-on-cash return**.; - Substantial Net Operating Income (NOI) of $144,783.; - Includes 22 units with a mix of 2, 3, 4, and 5-unit buildings.
    (440) 789-9215
    Request Owner's contact information
    22 Unit Investment Package Erie, PA 16503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22 Unit Investment Package
    Erie, PA 16503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    22 Unit Investment Package Erie, PA 16503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.