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Residential Apartment Building
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419 Oregon Ave, Erie, PA 16505

Apartment building in Erie, PA with long-term tenants and rent potential noted for Units 4 and 7.

Property SizeContact for details
Days on Market145

Property Features for 419 Oregon Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Coldwell Banker Commercial Select, REALTORS Erie
Listed By: CATHERINE FOX · License #PA
Source: Crexi
Added: Apr 12 Changed: Sep 3 Last Checked: Aug 29 at 8:07PM

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 Coldwell Banker Commercial Select, REALTORS Erie

Investment Insights

Based on property information with market context.

This apartment building offers an investor-oriented setup with long-term tenants in a quiet, well maintained property. The public remarks note rent potential for Unit 4 at $550 per month and Unit 7 at $850 per month.

The property is located at 419 Oregon Ave in Erie, PA 16505, with the building described as being on the east side of Oregon. The public remarks indicate access via W. Lake Rd north onto Oregon.

For buyers and brokers evaluating existing income and unit-level rent potential, this building’s current tenancy and the cited unit targets provide a defined starting point for underwriting.

Key Highlights

  • Apartment building in Erie, PA with long‑term tenants
  • Unit 4 rent potential listed at $550/month
  • Unit 7 rent potential listed at $850/month

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility Accounting Firm Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby

Demographics for 16505, PA

16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building in Erie, PA with long-term tenants and rent potential noted for Units 4 and 7.
Where is this apartment building located?
The property is located at 419 Oregon Ave Erie, PA.
What are key features of this property?
This property features: Apartment building in Erie, PA with long‑term tenants; Unit 4 rent potential listed at $550/month; Unit 7 rent potential listed at $850/month
More about this property
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