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    Updated Quadplex with Garage Parking Title is generated by Realmo AI

    2976 CLARK Road, Erie, PA 16510

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    Claim this Listing
    New
    For Sale
    $419,900

    MULTI_FAMILY - Other - Erie, PA

    Property size:
    3,969 SF
    Lot size:
    3.66 Acres
    Price / SF:
    $105/SF
    Added:
    Jun 10, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 12 at 4:06 pm

    Property Features for 2976 CLARK Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 1
    Parking features
    Garage
    Standard status
    Active
    APN
    27-043-136.0-044.00
    Size
    3,969 SF
    Lot size
    3.66 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6237
    Expense value
    10000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Well

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    4
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Leslie Jaglowski
    Leslie Jaglowski

    Listing agent Leslie Jaglowski License #RS311460

    Listing office RE/MAX Real Estate Group Erie 2701 Evanston Ave, Erie, PA

    Listing date Jun 10, 2026

    MLS# 191316 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

    This updated quadplex on 3.66 acres contains four units and totals 3,969 square feet. The property is described as turn-key with recent improvements and renovations, allowing an owner to either live in the main unit while renting the other apartments, or lease all four units. A gas well is included, with the gas described as being provided to the entire property. Additional flexibility is offered through the availability of furnishings for separate purchase, which could support furnished rental arrangements. The site also includes 6+ garage spaces, which can be rented for additional income opportunities.

    The property is located at 2976 CLARK Road in Erie, PA 16510, in Harborcreek. The public remarks note proximity to Harborcreek Community Park and that the area is served by Harborcreek schools.

    For buyers evaluating residential income options, this configuration supports multiple housing strategies, including owner-occupancy with rental support or fully leased operation. The combination of four updated units, on-site garage capacity, and a gas well may appeal to operators seeking an established, income-producing residential asset with practical ways to structure tenancy.

    Local Financial Insights For Multifamily LT 5

    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 $40.5k $10.20
    − Vacancy −$1.5k −$0.39
    EGI $38.9k $9.81
    − OpEx −$11.7k −$2.94
    NOI $27.3k $6.87
    3,969 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $389.5K
    $340.8K – $454.4K (±1% cap)
    NOI $27,262 @ 7.0% cap · market cap 6.49%
    Second Best
    Apartment 5plus
    $348.5K
    $304.9K – $406.6K (±1% cap)
    NOI $24,393 @ 7.0% cap · market cap 5.81%
    Theoretical Best
    Office A
    $984.7K
    $861.6K – $1.15M (±1% cap)
    NOI $68,927 @ 7.0% cap · market cap 16.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.919298
    Latitude
    42.126971

    FAQs

    What type of property is this?
    Quadplex - Updated quadplex on 3.66 acres with multiple garage spaces and a gas well providing gas to the property.
    Where is this quadplex located?
    The property is located at 2976 CLARK Road Erie, PA.
    What is the asking price?
    The asking price for this property is $419,900.
    More about this property
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