2218 WILLOW Street, Erie, PA 16510
MULTI_FAMILY - Other - Erie, PA
- Added:
- Jun 4, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 9 at 3:06 am
Property Features for 2218 WILLOW Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- 50-003-029.0-006.00
- Size
- 1,680 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4030
- Expense value
- 2000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- VinylSiding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Brittany Redditt License #RS363321 (814) 572-5784
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Jun 4, 2026
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.
HighLights
- Well‑established rental property built in 1940 with a long‑term tenant in place
- Tenant would like to remain if possible; property sold as‑is with no seller repairs
- Public water and public sewer services
- Heating includes forced air and natural gas
- Exterior uses vinyl siding and roof is composition
Overview
The property is located at 2218 WILLOW Street in Erie, Pennsylvania 16510. The listed lot size is 0.1267 acres.
For buyers seeking an occupied rental, this setup may be appealing given the tenant’s established occupancy and stated interest in remaining if possible. Because the property is being sold AS-IS with no repairs, prospective purchasers should plan to conduct their own due diligence regarding condition and any needed updates prior to closing.
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 | $19.6k | $11.64 |
| − Vacancy | −$782 | −$0.47 |
| EGI | $18.8k | $11.17 |
| − OpEx | −$8.4k | −$5.03 |
| NOI | $10.3k | $6.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.01405
- Latitude
- 42.1371
