Well-Maintained Duplex For
914 HESS Avenue Erie, PA 16503
914 HESS Avenue, Erie, PA, 16503
$119,000
For Sale
$119,000
MULTI_FAMILY - Other - Erie, PA
Property Size1,496 SF
Lot Size0.07 Acres
Price / SF$79.55
Days on Market184
Property Features for 914 HESS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 15-020-049.0-103.00
- Size
- 1,496 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1209
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Bob List · License #RS367057
(814) 504-8087
Added: Jan 16 Checked: Jul 19 at 2:06 am
MLS# 189336
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 well-maintained duplex presents an opportunity for investors or owner-occupants. The property features two separate units, each containing 2 bedrooms. Recent updates include a new roof installed within the last year and newer siding. The layout offers flexible living and rental options. The property has strong income potential and long-term value.
Key Highlights
- Duplex with two separate 2‑bedroom units offering flexible living and rental options.
- New roof installed within the last year.
- Newer siding for reduced maintenance costs.
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 | $15.3k | $10.20 |
| − Vacancy | −$580 | −$0.39 |
| EGI | $14.7k | $9.81 |
| − OpEx | −$4.4k | −$2.94 |
| NOI | $10.3k | $6.87 |
1,496 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$146.8K
$128.5K – $171.3K
NOI $10,276 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$131.3K
$114.9K – $153.2K
NOI $9,194 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$371.1K
$324.8K – $433.0K
NOI $25,980 @ 7.0% cap · market cap 21.83%
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 - Duplex with two units, new roof, and income potential.
Where is this duplex located?
The property is located at 914 HESS Avenue Erie, PA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Duplex with two separate 2‑bedroom units offering flexible living and rental options.; New roof installed within the last year.; Newer siding for reduced maintenance costs.
