Triplex with In-Unit
For Sale
$225,000
1227 30th St, Erie, PA 16504
The corner-lot property has two occupied apartments, each with tenants in place for more than two years.
Property Size2,996 SF
Price / SF$75.10
Days on Market19
Property Features for 1227 30th St
General Information
Standard status
Active
Size
2,996 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,312
Amenities
in-unit laundry
Listing Agency:
Weichert Realtors - The Pro Group
(814) 825-7761
Listed By:
Sherri Heasley · License #RM048781A
(814) 449-7263
Source:
Exprealty
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors - The Pro Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,996-square-foot triplex includes laundry facilities within each apartment. Two of the three units are occupied, and both current tenants have been in place for more than two years. One apartment is vacant.
Recent improvements include a shingle roof, a rubber roof, and a hot water tank, all new within the past two years. A backflow preventer is required, and Jackson Plumbing handles maintenance. The building occupies a corner lot.
Recent improvements include a shingle roof, a rubber roof, and a hot water tank, all new within the past two years. A backflow preventer is required, and Jackson Plumbing handles maintenance. The building occupies a corner lot.
Key Highlights
- 2,996‑square‑foot triplex on a corner lot
- Laundry facilities in each unit
- 2 of 3 units occupied; both tenants have been in place for more than two years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,579
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,580
$411.6K
Cap Rate 7%
$293,986
$294.0K
Cap Rate 9%
$228,656
$228.7K
Market Conditions
NOI Build-Up for 2,996 SF
Gross rent
$30.6K $10.20/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$29.4K $9.81/SF
− OpEx
−$8.8K −$2.94/SF
NOI
$20.6K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,580
Cap Rate 7%
$293,986
Cap Rate 9%
$228,656
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.2K – $343.0K
NOI $20,579 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,030 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 16504, PA
16,135
Population
7,038
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
91%
High-School Grad
2.8 sq mi
ZIP Area
5,763
Density / Sq Mi
$51,988
Median Household Income
$34,362
Median Earnings
$966
Median Rent
$109,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The corner-lot property has two occupied apartments, each with tenants in place for more than two years.
Where is this triplex located?
The property is located at 1227 30th St Erie, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,996‑square‑foot triplex on a corner lot; Laundry facilities in each unit; 2 of 3 units occupied; both tenants have been in place for more than two years
