125 PARADE Street, Erie, PA 16507
MULTI_FAMILY - Other - Erie, PA
- Added:
- May 26, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 13 at 5:06 am
Property Features for 125 PARADE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3
- Parking
- 2
- Standard status
- Active
- 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
- Forced Air, Natural Gas
- 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.
HighLights
- Two‑unit income property close to the bayfront with a history of great rentals
- Fully updated and maintained; one current tenant to start your investment
- Improvements include newly updated electrical service
- Second floor unit has been painted and includes appliances
- Construction: frame; roof: composition
- Utilities: public water and public sewer; heating: forced air with natural gas
Overview
The property is located close to the bayfront, with proximity to major employers and downtown amenities. Its placement near these daily destinations can support steady day-to-day rental demand from tenants who want convenient access to work and local services.
For an owner-operator or investor seeking a smaller residential income asset, the combination of ongoing maintenance and the specifically documented updates to electrical service, finishes, and appliances provides a practical foundation for continued rental operation. With one unit occupied at present, the property offers immediate familiarity with tenancy while you plan for future leasing based on the remaining unit’s turnover schedule.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.079152
- Latitude
- 42.136851
