Erie Brick Home with
510 W 10TH Street Erie, PA 16502
510 W 10TH Street, Erie, PA, 16502
$389,900
Pending
For Sale
$389,900
Pending
COMMERCIAL - Erie, PA
Property Size4,168 SF
Lot Size0.18 Acres
Days on Market53
Property Features for 510 W 10TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Parking
- 6
- Standard status
- Pending
- APN
- 16-030-030.0-134.00
- Size
- 4,168 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8542
- Expense value
- 10000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Building materials
- AluminumSiding, Brick
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Jake Scheloske · License #RS318016
(814) 449-7973
Added: May 27 Checked: Jul 18 at 11:06 pm
MLS# 191145
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.
Investment Insights
Based on property information with market context.
This brick home offers a blend of old-world charm and modern convenience. The property features 5 bedrooms and 3.5 baths, showcasing architectural details throughout. It includes rich oak and cherry woodwork, hardwood floors, 6 fireplaces, large rooms, open spaces, a formal dining room, a back stairway, a newer kitchen, and an expansive entertaining deck. Additional features include a sprinkler system, rear parking, and a new roof installed in 2023. Previously and currently used as a boarding house, this property could be an income-producing investment. Zoned RLB, it also offers potential as a professional building. The property is located close to downtown Erie, Gannon University, Erie Insurance, and UPMC Hamot. The lot size is 0.18 acres and the property size is 4168 square feet.
Key Highlights
- Brick home built in 1910 with central air and natural gas hot water heating
- 5 bedrooms and 3.5 baths with hardwood floors and rich oak & cherry woodwork
- 6 fireplaces, including a formal dining room and a charming back stairway
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 | $48.5k | $11.64 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $46.6k | $11.17 |
| − OpEx | −$21.0k | −$5.03 |
| NOI | $25.6k | $6.15 |
4,168 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$365.9K
$320.2K – $426.9K
NOI $25,616 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$904.8K – $1.21M
NOI $72,383 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Timeless brick home with income potential near downtown Erie.
Where is this residential income property located?
The property is located at 510 W 10TH Street Erie, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Brick home built in 1910 with central air and natural gas hot water heating; 5 bedrooms and 3.5 baths with hardwood floors and rich oak & cherry woodwork; 6 fireplaces, including a formal dining room and a charming back stairway
