Multifamily Property in Erie,
550 E 9TH Street Erie, PA 16503
550 E 9TH Street, Erie, PA, 16503
$157,500
For Sale
$157,500
MULTI_FAMILY - Other - Erie, PA
Property Size2,034 SF
Lot Size0.12 Acres
Price / SF$77.43
Days on Market403
Property Features for 550 E 9TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3
- Standard status
- Active
- APN
- 15-020-026.0-242.00
- Size
- 2,034 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1569
- Expense value
- 2000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1897
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Dan Cruz · License #RS357852
(814) 460-0742
Added: Jun 12, 2025 Checked: Jul 19 at 3:06 am
MLS# 184268
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.
Investment Insights
Based on property information with market context.
This multifamily property features two houses situated on a single lot. The front house includes 3 bedrooms, while the back house offers 2 bedrooms. The property is fully occupied, presenting an immediate income opportunity. The lot size is 0.1175 acres, and the total property size is 2034 square feet. This property is located in Erie, PA. It is one of seven properties available for purchase as a package.
Key Highlights
- Two houses on one lot, a unique investment opportunity.
- Fully occupied, providing immediate income.
- Front house features 3 bedrooms.
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 | $20.7k | $10.20 |
| − Vacancy | −$788 | −$0.39 |
| EGI | $20.0k | $9.81 |
| − OpEx | −$6.0k | −$2.94 |
| NOI | $14.0k | $6.87 |
2,034 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.6K
$174.6K – $232.9K
NOI $13,971 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$178.6K
$156.3K – $208.4K
NOI $12,501 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$504.6K
$441.5K – $588.7K
NOI $35,323 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two houses on one lot, fully occupied investment opportunity.
Where is this duplex located?
The property is located at 550 E 9TH Street Erie, PA.
What is the asking price?
The asking price for this property is $157,500.
What are key features of this property?
This property features: Two houses on one lot, a unique investment opportunity.; Fully occupied, providing immediate income.; Front house features 3 bedrooms.
