22 UNIT INVESTMENT PACKAGE Erie, PA 16503
- Added:
- Nov 12, 2025
- Days on Market:
- 156
- Last Refresh:
- Apr 17 at 9:06 pm
Property Features for 22 UNIT INVESTMENT PACKAGE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 45
- Rooms
- Bedroom 16, Bedroom 21, Bedroom 17, Bedroom 26, Bedroom 18, Bedroom 28, Bedroom 44, Bedroom 20, Bedroom 2, Bedroom 13, Bedroom 23, Bedroom 24, Bedroom 29, Bedroom 35, Bedroom 15, Bedroom 40, Bedroom 11, Bedroom 38, Bedroom 3, Bedroom 22, Bedroom 37, Bedroom 5, Bedroom 32, Bedroom 33, Bedroom 19, Bedroom 39, Bedroom 10, Bedroom 25, Bedroom 41, Bedroom 36, Bedroom 1, Bedroom 45, Bedroom 8, Bedroom 42, Bedroom 30, Bedroom 7, Bedroom 12, Bedroom 34, Bedroom 6, Bedroom 43, Bedroom 4, Bedroom 27, Bedroom 14, Bedroom 9, Bedroom 31
- Standard status
- Active
- APN
- 00-000-000.0-000.00
- Size
- 23,690 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12486
- 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
Listing agent Natasha Chiz License #AB069555 (440) 789-9215
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Nov 12, 2025
MLS# 188805
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.
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, offering a balanced unit spread and consistent occupancy. The total property size is 23690 square feet, situated 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
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**.; Strong net operating income (NOI) of **$144,783**.; 28% cash‑on‑cash return.
