Duplex with Garage and Back
For Sale
$324,900
Pending
8571-8573 KIRSCH Road, Erie, PA 16510
MULTI_FAMILY - Other - Erie, PA
Property Size3,058 SF
Lot Size0.52 Acres
Days on Market70
Property Features for 8571-8573 KIRSCH Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
7
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 6, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 3
Elementary school district
Wattsburg
Middle school district
Wattsburg
High school district
Wattsburg
Directions
Morehouse to Kirsch. Home is on the left.
Subdivision
13 - Amity/Greene/Venango/Wsbg
Standard status
Pending
APN
25-009-028.0-072.00
Size
3,058 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5319
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
back deck
Building Details
Year built
1973
Flooring type
Laminate
Building materials
Block, VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Peach · Coldwell Banker Real Estate
(814) 453-4578
Listed By:
Melanie Brewer · License #RS320069
(814) 218-0563
Added: Jun 5
Changed: Aug 12
Last Checked: Aug 13 at 5:06AM
MLS# 191353
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 duplex at 8571-8573 Kirsch Road offers two residential units in a well-maintained layout. The property includes a combined set of living spaces with laminate flooring and natural gas forced-air heating, supported by public water and public sewer. Constructed in 1973, the building features block construction and vinyl siding with an asphalt roof.
Each unit includes its own garage and a back deck, designed for outdoor use and convenient daily access. The floor plan includes multiple bedrooms and bathrooms, with one unit featuring four bedrooms and 1.5 baths plus a loft-style primary bedroom. A basement is also included as part of the overall configuration.
The home’s existing duplex setup, paired with dedicated garage and deck space for both units, can support a range of occupancy and tenancy arrangements for buyers seeking a two-unit property in Erie.
Each unit includes its own garage and a back deck, designed for outdoor use and convenient daily access. The floor plan includes multiple bedrooms and bathrooms, with one unit featuring four bedrooms and 1.5 baths plus a loft-style primary bedroom. A basement is also included as part of the overall configuration.
The home’s existing duplex setup, paired with dedicated garage and deck space for both units, can support a range of occupancy and tenancy arrangements for buyers seeking a two-unit property in Erie.
Key Highlights
- Two‑unit duplex layout
- Each unit includes a garage and a back deck
- Natural gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,080
$420.1K
Cap Rate 7%
$300,057
$300.1K
Cap Rate 9%
$233,378
$233.4K
Market Conditions
NOI Build-Up for 3,058 SF
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.
Gross rent
$31.2K $10.20/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$30.0K $9.81/SF
− OpEx
−$9.0K −$2.94/SF
NOI
$21.0K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,080
Cap Rate 7%
$300,057
Cap Rate 9%
$233,378
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,004 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$268.5K
$234.9K – $313.2K
NOI $18,794 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on public water and sewer with natural gas forced-air heat, asphalt roof, and each unit has a garage.
Where is this duplex located?
The property is located at 8571-8573 KIRSCH Road Erie, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑unit duplex layout; Each unit includes a garage and a back deck; Natural gas forced‑air heating
