Triplex with In-Unit
For Sale
$225,000
1227 W 30TH Street, Erie, PA 16508
ResidentialIncome, Erie, PA
Property Size2,996 SF
Lot Size0.06 Acres
Price / SF$75.10
Days on Market9
Property Features for 1227 W 30TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1A
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5
Lot features
Level, Mineral Rights
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
West 32nd to Elmwood turn north to corner of West 30th Street
Subdivision
3 - Erie Southwest
Standard status
Active
APN
19-062-021.0-208.00
Size
2,996 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4312
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1920
Number of units
3
Building materials
AluminumSiding
Roof type
Composition, Rubber
Listing Agency:
Weichert Realtors - The Pro Group
(814) 825-7761
Listed By:
Sherri Heasley · License #RM048781A
(814) 449-7263
Added: Oct 5
Changed: Oct 9
Last Checked: Oct 13 at 3:06PM
MLS# 193652
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 2,996-square-foot triplex in Erie contains three apartments, each with its own laundry. The 0.0606-acre property was built in 1920 and has aluminum siding, forced-air natural gas heat, central air conditioning, and public water and sewer service.
Two apartments are occupied by tenants with more than two years of occupancy; the third is vacant. The building received a new shingle roof, a new rubber roof, and a replacement hot water tank within the last two years. A backflow preventer is required.
Two apartments are occupied by tenants with more than two years of occupancy; the third is vacant. The building received a new shingle roof, a new rubber roof, and a replacement hot water tank within the last two years. A backflow preventer is required.
Key Highlights
- Three‑unit residential property with 2,996 square feet of building area
- 0.0606‑acre corner lot in Erie, PA
- Laundry facilities in each apartment
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 16508, PA
15,172
Population
7,385
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
5,419
Density / Sq Mi
$52,361
Median Household Income
$36,209
Median Earnings
$852
Median Rent
$121,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two of the three apartments are occupied by tenants who have each lived there for more than two years.
Where is this triplex located?
The property is located at 1227 W 30TH Street 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: Three‑unit residential property with 2,996 square feet of building area; 0.0606‑acre corner lot in Erie, PA; Laundry facilities in each apartment
