125 PARADE Street Erie, PA 16507
MULTI_FAMILY - Other - Erie, PA
Property Features for 125 PARADE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
- Parking
- 2
- Standard status
- Pending
- APN
- 14-010-053.0-217.00
- Size
- 1,628 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1234
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jeremy Bloeser License #RS352869 (814) 314-9125
Listing office Coldwell Banker Select - Peach 2961 Peach St, Erie, PA (814) 453-4578
Listing date May 26, 2026
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.
The property is located in Erie, Pennsylvania at 125 PARADE Street (16507). Public remarks indicate the home is close to the bayfront, along with major employers and downtown amenities, placing it within reach of local destinations and everyday convenience.
For buyers seeking a turn-key residential income asset, the documented updates provide a practical foundation. At the time of listing, one current tenant is in place to start your ownership. With electrical service updates and refreshed finishes/appliances already completed as described, the property may appeal to investors and owner-occupants looking to minimize immediate capital work while adding a two-unit rental to a portfolio.
Key Highlights
- Two‑unit income property built in 1913
- Frame construction with composition roof
- Natural gas forced‑air heating; public water and public sewer
Local Financial Insights For Multifamily LT 5
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 | $16.6k | $10.20 |
| − Vacancy | −$631 | −$0.39 |
| EGI | $16.0k | $9.81 |
| − OpEx | −$4.8k | −$2.94 |
| NOI | $11.2k | $6.87 |
