Erie Income Producing
1133 E 8TH Street Erie, PA 16503
For Sale
$126,000
MULTI_FAMILY - Other - Erie, PA
Property Size1,795 SF
Lot Size0.08 Acres
Price / SF$70.19
Days on Market408
Property Features for 1133 E 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- 15-020-047.0-209.00
- Size
- 1,795 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1226
- Expense value
- 2000
- 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
- 1912
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Dan Cruz · License #RS357852
(814) 460-0742
Added: Jun 12, 2025
Changed: Jul 24
Last Checked: Jul 24 at 9:06AM
MLS# 184261
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 income-producing investment property is a duplex featuring two bedrooms and one bath in each unit. The property spans 1795 square feet and is situated on a lot of approximately 0.0779 acres. It is located in Erie, Pennsylvania. This property is one of seven properties that could be purchased as a package.
Key Highlights
- Income producing investment property with two units, each offering 2 bedrooms and 1 bathroom
- Year built 1912 frame construction
- Heating includes natural gas forced air
Financial Insights For Apartment 5plus
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 | $20.9k | $11.64 |
| − Vacancy | −$836 | −$0.47 |
| EGI | $20.1k | $11.17 |
| − OpEx | −$9.0k | −$5.03 |
| NOI | $11.0k | $6.15 |
1,795 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.1K
$154.1K – $205.5K
NOI $12,329 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$157.6K
$137.9K – $183.9K
NOI $11,032 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit income property in Erie, Pennsylvania.
Where is this duplex located?
The property is located at 1133 E 8TH Street Erie, PA.
What is the asking price?
The asking price for this property is $126,000.
What are key features of this property?
This property features: Income producing investment property with two units, each offering 2 bedrooms and 1 bathroom; Year built 1912 frame construction; Heating includes natural gas forced air
