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    416-418 HILLCREST Drive Edinboro, PA 16412

    View on Map
    For Sale
    $449,900

    MULTI_FAMILY - Other - Edinboro, PA

    Property size:
    2,160 SF
    Lot size:
    0.30 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 2 at 5:06 pm

    Property Features for 416-418 HILLCREST Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3
    Parking
    4
    Standard status
    Active
    APN
    11-008-032.3-011.00
    Size
    2,160 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    6018
    Expense value
    10000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

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

    Building Details

    Year built
    2007
    Floors in Building
    2
    Number of units
    2
    Building materials
    VinylSiding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jake Scheloske

    Listing agent Jake Scheloske License #RS318016

    Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA

    Listing date Mar 5, 2026

    MLS# 189819

    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

    Edinboro Townhouse-Style Duplex For Sale

    This well-maintained townhouse-style duplex offers the feel of two separate homes connected at the center, each featuring a fully finished 2-bedroom, 1.5-bath layout. Located in Edinboro near PennWest Edinboro, the property is situated minutes from the university, local shops, restaurants, and everyday amenities. The property is ideal for investors or owner-occupants. One can live in one unit and rent the other for an excellent house-hack opportunity, or lease both units for strong cash flow potential. Constructed with newer construction standards, each unit includes its own attached one-car garage, a full basement for additional storage or future possibilities, and large rear decks perfect for outdoor living. The property has been well cared for and maintained. With current rents below market, there is strong upside potential through rental increases, making this a compelling opportunity for both long-term investors and buyers looking to offset living expenses while building equity. The property has a lot size of 0.3 acres and a property size of 2160 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop Pharmacy Kitchen & Bath Showroom Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinboro
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.112226
    Latitude
    41.88232

    Nearby Similar for Sale

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      1 SF

      Industrial Building Near I-79

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    • $700,000
      16,730 SF

      Flexible Use Commercial Property

      B-1 Zoned 16,730 SqFt flexible use commercial property.
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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near PennWest Edinboro, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 416-418 HILLCREST Drive Edinboro, PA.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Duplex featuring two separate, fully finished 2‑bedroom, 1.5‑bath units, great for owner‑occupancy and rental income.; Located in Edinboro near PennWest Edinboro, offering convenient access to the university, shops, restaurants, and amenities.; Each unit includes its own attached one‑car garage, full basement, and large rear deck.
    (814) 459-9400
    We can help!
    Listing Contact
    Jake Scheloske
    Real Estate License ID: RS318016
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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