Mixed-Use Building with
For Sale
$329,900
1029 31 EAST Avenue, Erie, PA 16503
COMMERCIAL - Erie, PA
Property Size7,667 SF
Lot Size0.11 Acres
Price / SF$43.03
Days on Market130
Property Features for 1029 31 EAST Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
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
Water source
Public
Building Details
Year built
1909
Building materials
Mixed
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Stephen Chiz · License #RS362944
(814) 882-3989
Added: Apr 6
Changed: Aug 4
Last Checked: Aug 13 at 12:06AM
MLS# 190253
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.
Mixed-use building offering two storefronts and six residential units, including four one-bedroom apartments and two efficiency units. The property also features a 30' x 40' warehouse that can support additional rental income, storage, or owner use. Constructed in 1909, the investment is served by public water and public sewer.
For sale in Erie, PA, the property sits on a prominent corner within a commercial zoning district. It’s positioned for visibility and access to major roadways and public transportation.
Current performance is described as fully leased, producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio.
For sale in Erie, PA, the property sits on a prominent corner within a commercial zoning district. It’s positioned for visibility and access to major roadways and public transportation.
Current performance is described as fully leased, producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio.
Key Highlights
- Two storefronts plus six residential units: four one‑bedroom apartments and two efficiency units
- 30' x 40' warehouse for additional rental income, storage, or owner use
- 0.1121‑acre lot and 7,667 SF building size
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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?
Mixed-use property - Mixed-use building with two storefronts and six residential units, plus a 30' x 40' warehouse for added flexibility.
Where is this mixed-use property 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 apartments and two efficiency units; 30' x 40' warehouse for additional rental income, storage, or owner use; 0.1121‑acre lot and 7,667 SF building size
