Renovated Duplex with Commercial
For Sale
Contact for pricing
12286 E MAIN Road, North East, PA 16428
Fully occupied duplex with extensive recent renovations and commercially zoned frontage for future development.
Property Size2,160 SF
Price / SF$83.29
Days on Market177
Property Features for 12286 E MAIN Road
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Retail, Mixed Use, Land
Zoning
B-1
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Additional Details
Road Access
Yes
Land Use
commercial
Building Details
Year Built
1900
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Erie
Listed By:
Jim Barbour · License #PA RM426122
(610) 967-0538
Source:
Crexi
Added: May 2
Changed: Oct 16
Last Checked: Oct 24 at 2:40PM
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 Keller Williams Realty Erie
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex is fully occupied and has undergone substantial renovation. Improvements include a new roof with some sheathing, updated mechanical and electrical systems, renovated bathrooms, new flooring and paint. The septic tank was pumped a few months ago, and the property is leased to long-term tenants.
Commercial zoning and frontage create the ability to retain the existing residential income while considering future development of the frontage, subject to the applicable zoning ordinance. The property also includes greenhouse remains and related items from its former use as the Paschke Mum farm.
Commercial zoning and frontage create the ability to retain the existing residential income while considering future development of the frontage, subject to the applicable zoning ordinance. The property also includes greenhouse remains and related items from its former use as the Paschke Mum farm.
Key Highlights
- 2,160 SF duplex with both units fully occupied
- Commercial zoning with frontage suited for future development
- New roof, including some sheathing, plus updated mechanicals and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,836
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,720
$296.7K
Cap Rate 7%
$211,943
$211.9K
Cap Rate 9%
$164,844
$164.8K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$22.0K $10.20/SF
− Vacancy
−$837 −$0.39/SF
EGI
$21.2K $9.81/SF
− OpEx
−$6.4K −$2.94/SF
NOI
$14.8K $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%
$296,720
Cap Rate 7%
$211,943
Cap Rate 9%
$164,844
Alternative Uses
Best Use
Multifamily LT 5
$211.9K
$185.5K – $247.3K
NOI $14,836 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.3K
NOI $13,275 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$535.9K
$468.9K – $625.2K
NOI $37,511 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 16428, PA
12,524
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
73.6 sq mi
ZIP Area
170
Density / Sq Mi
$77,103
Median Household Income
$40,625
Median Earnings
$758
Median Rent
$188,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with extensive recent renovations and commercially zoned frontage for future development.
Where is this duplex located?
The property is located at 12286 E MAIN Road North East, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2,160 SF duplex with both units fully occupied; Commercial zoning with frontage suited for future development; New roof, including some sheathing, plus updated mechanicals and electric
