Brick Two-Unit Residential
102 E 38TH Street Erie, PA 16504
New
102 E 38TH Street, Erie, PA, 16504
$219,900
For Sale
$219,900
MULTI_FAMILY - Other - Erie, PA
Property Size2,548 SF
Lot Size0.14 Acres
Price / SF$86.30
Days on Market2
Property Features for 102 E 38TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
- Parking
- 4
- Parking features
- Garage
- Standard status
- Active
- APN
- 18-053-055.0-122.00
- Size
- 2,548 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4355
- 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
- 1950
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Weichert Realtors - The Pro Group
(814) 825-7761
4720 Wattsburg Rd, Erie, PA
Listed by
Sherri Heasley · License #RM048781A
(814) 449-7263
Added: Jul 20 Checked: Jul 21 at 4:06 am
MLS# 192152
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 brick two-unit residential property offers two separate living units with a range of updates and in-unit amenities. The home includes newer windows throughout, newer hot water tanks, updated electric panels from 1995, and washer/dryer facilities in the basement. Additional features include a decorative fireplace and a cedar closet. The detached two-car garage includes a newer garage door, and the property also includes appliances in the kitchens. A treated deck and fenced backyard provide outdoor space.
The property is located near the VA in Erie, Pennsylvania, at 102 E 38TH Street (16504). The current tenants are long term, with leases expiring May 31, 2027.
The lot measures approximately 0.1377 acres, and the property size is listed at 2,548 square feet.
The property is located near the VA in Erie, Pennsylvania, at 102 E 38TH Street (16504). The current tenants are long term, with leases expiring May 31, 2027.
The lot measures approximately 0.1377 acres, and the property size is listed at 2,548 square feet.
Key Highlights
- Brick two‑unit property built in 1950 with public water and public sewer
- Heating includes forced air and natural gas
- Two‑car detached garage with additional fenced backyard and treated deck
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 | $26.0k | $10.20 |
| − Vacancy | −$988 | −$0.39 |
| EGI | $25.0k | $9.81 |
| − OpEx | −$7.5k | −$2.94 |
| NOI | $17.5k | $6.87 |
2,548 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.0K
$218.8K – $291.7K
NOI $17,501 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$223.7K
$195.8K – $261.0K
NOI $15,660 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$632.1K
$553.1K – $737.5K
NOI $44,250 @ 7.0% cap · market cap 20.12%
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 - Brick two-unit property features updated windows, two-car detached garage, and a fenced yard with treated deck.
Where is this duplex located?
The property is located at 102 E 38TH Street Erie, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Brick two‑unit property built in 1950 with public water and public sewer; Heating includes forced air and natural gas; Two‑car detached garage with additional fenced backyard and treated deck
