Six-Unit Mixed-Use Apartment
For Sale
$329,900
1029 31 EAST Avenue, Erie, PA 16503
MULTI_FAMILY - Other - Erie, PA
Property Size7,667 SF
Lot Size0.11 Acres
Price / SF$43.03
Days on Market123
Property Features for 1029 31 EAST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
C-4
Bedrooms
6
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 7, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Lot features
Corner Lot
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
From downtown Erie, head east on E 12th St. Turn left onto East Ave. Property is on the right.
Subdivision
1 - Erie Northeast
Standard status
Active
APN
15-020-046.0-225.00
Size
7,667 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2967
Expense value
10000
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
1909
Floors in Building
2
Number of units
8
Building materials
Mixed
Roof type
Metal
Architectural style
Other
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Stephen Chiz · License #RS362944
(814) 882-3989
Added: Apr 6
Changed: Aug 2
Last Checked: Aug 6 at 3:06AM
MLS# 190291
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 six-unit mixed-use apartment building includes two storefronts and six residential units: four one-bedroom apartments and two efficiency units. A 30' x 40' warehouse adds flexible space for storage or additional rental use. The property is described as fully leased, supporting a diversified income stream.
Constructed in 1909, the building has natural gas forced-air heating and window A/C units. Water and sewer service are public, and the roof is metal. The property sits on a 0.1121-acre corner lot in a commercial zoning district, with public transportation and convenient access to major roadways.
Performance metrics provided with the property include a 12% cap rate and a 1.99 debt coverage ratio, along with 31% cash-on-cash.
Constructed in 1909, the building has natural gas forced-air heating and window A/C units. Water and sewer service are public, and the roof is metal. The property sits on a 0.1121-acre corner lot in a commercial zoning district, with public transportation and convenient access to major roadways.
Performance metrics provided with the property include a 12% cap rate and a 1.99 debt coverage ratio, along with 31% cash-on-cash.
Key Highlights
- Two storefronts plus six residential units: four one‑bedroom and two efficiency apartments
- 30' x 40' warehouse for storage or additional rental use
- 0.1121‑acre corner lot in a commercial zoning district
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 16503, PA
15,328
Population
6,375
Households
2.4
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
6,387
Density / Sq Mi
$29,108
Median Household Income
$25,679
Median Earnings
$837
Median Rent
$55,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with storefronts, six apartments, and a 30' x 40' warehouse on a corner lot.
Where is this apartment building located?
The property is located at 1029 31 EAST Avenue Erie, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two storefronts plus six residential units: four one‑bedroom and two efficiency apartments; 30' x 40' warehouse for storage or additional rental use; 0.1121‑acre corner lot in a commercial zoning district
