226 W 8TH Street, Erie, PA 16502
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 226 W 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Rooms
- Bedroom 10, Bedroom 5, Bedroom 11, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 1
- Parking
- 5
- Standard status
- Active
- APN
- 17-040-007.0-132.00
- Size
- 5,805 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4827
- Expense value
- 20000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 8
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jennifer Pontzer License #RS293979 (814) 572-0419
Listing office Coldwell Banker Select - Airport 4664 W 12th St, Erie, PA (814) 838-2299
Listing date Jun 23, 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
- 8‑unit property in Gannon housing area with reported 11% cap rate at full capacity
- Year built 1905 with vinyl siding and asphalt roof
- Heating includes natural gas and hot water (heating)
- Public utilities: public water and public sewer
- Off‑street parking for 6 cars; shared driveway; sprinkler and security systems reported
- Unit mix: first‑floor 2‑bedroom apartment, second‑floor 6 single bedrooms with common kitchen and 2 bathrooms, third‑floor 1‑bedroom apartment
Overview
The building is located at 226 W 8TH Street in Erie, Pennsylvania (16502). Parking is available on-site for residents, and the driveway is shared.
This layout is designed to accommodate a mix of tenant types, with billing arrangements specifically noted by the owner. The owner bills back first and third floor tenants, while second-floor units are described as all inclusive. With a configuration that combines common areas with dedicated bedroom spaces, the property may be a strong fit for investors seeking a small, managed rental portfolio with defined unit mix and on-site parking.
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 | $67.6k | $11.64 |
| − Vacancy | −$2.7k | −$0.47 |
| EGI | $64.9k | $11.17 |
| − OpEx | −$29.2k | −$5.03 |
| NOI | $35.7k | $6.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.088865
- Latitude
- 42.126007
